Newfield Exploration Company (NYSE:NFX), A reduction of 1,267,298 shares or 10.2% was observed in the short interest of Newfield Exploration The interest on June 15,2016 came in at 11,195,719 shares and as per the average daily trading of 2,892,971 shares, the days to cover are 4. The reduced interest is 5.7% of the floated shares. The data of May 31,2016 put the interest at 12,463,017 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Newfield Exploration Company (NYSE:NFX): The stock opened at $40.92 on Friday but the bulls could not build on the opening and the stock topped out at $42.29 for the day. The stock traded down to $40.92 during the day, due to lack of any buying support eventually closed down at $41.80 with a loss of -2.63% for the day. The stock had closed at $42.93 on the previous day. The total traded volume was 5,851,037 shares.
The company shares have rallied 19.98% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $44.08 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $40.06 and the 200 Day Moving Average price is recorded at $33.13.
Newfield Exploration Company (NYSE:NFX) has climbed 4.14% in the past week and advanced 3.47% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.86% and the outperformance has advanced to 6.6% for the last 4 weeks period.
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.