Large Inflow of Money Witnessed in Newfield Exploration Company

Newfield Exploration Company (NFX) : The money flow analysis of Newfield Exploration Company (NFX) indicates a $3.84 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $4.8 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.25 and so was the total money flow at $0.95 million. The bulls lapped up $1.38 million worth of block trades on upticks. The money flow was $1.38 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Newfield Exploration Company (NFX), pushing it down by -0.23% for the day. The stock slid $0.1 and traded at $43.22 during the day. Nonetheless, the stock is -1.48% over the previous weeks close.


Newfield Exploration Company (NFX) has been rated by 20 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $51 and the lowest price target forecast is $35. The average forecast of all the analysts is $44.9 and the expected standard deviation is $4.52. The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 7.11%.

Newfield Exploration Company (NYSE:NFX): The stock opened at $43.89 on Thursday but the bulls could not build on the opening and the stock topped out at $44.16 for the day. The stock traded down to $42.24 during the day, due to lack of any buying support eventually closed down at $42.77 with a loss of -1.27% for the day. The stock had closed at $43.32 on the previous day. The total traded volume was 2,577,049 shares.

Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The Companys principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent, Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Companys proved reserves are located in Mid-Continent region. The Companys assets consist of more than 400,000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92,000 net acres in the Williston Basin. The Company has approximately 225,000 net acres in the Uinta Basin. About 7% of the Companys proved reserves are located in the onshore Gulf Coast region. Approximately 4%, of the Companys proved reserves are located in China.

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