Brokerage Firm Rating Update on Newfield Exploration Company (NFX)

Newfield Exploration Company (NFX) has an average broker rating of 1.36, which is interpreted as a Strong Buy, as rated by 22 equity analysts. Nonetheless, 17 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Newfield Exploration Company (NFX) : 20 investment research analysts covering Newfield Exploration Company (NFX) have an average price target of $51.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $42 for the short term. Analysts expect the variance to be within $6.6 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Williams Capital Group initiates coverage on Newfield Exploration Company (NYSE:NFX) In a research note issued to the investors, the brokerage major announces price-target of $58 per share.The shares have been rated Buy. The rating by the firm was issued on August 29, 2016.

Newfield Exploration Company (NYSE:NFX): The stock opened at $45.15 and touched an intraday high of $45.28 on Wednesday. During the day, the stock corrected to an intraday low of $44.4301, however, the bulls stepped in and pushed the price higher to close in the green at $44.91 with a gain of 0.04% for the day. The total traded volume for the day was 2,065,868. The stock had closed at $44.89 in the previous trading session.

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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