Newfield Exploration Company (NFX) Shares are Down -0.2%

Newfield Exploration Company (NFX) has risen sharply, recording gains of 6.29% in the past 4 weeks. However, the stock has corrected -0.2% in the past 1 week, providing a good buying opportunity on dips. Newfield Exploration Company (NFX) : During the past 4 weeks, traders have been relatively bearish on Newfield Exploration Company (NFX), hence the stock is down -0.43% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.81% relative to the S&P 500.

Newfield Exploration Company (NYSE:NFX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.52 and $43.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.43, notching a gain of 0.07% for the day. The total traded volume was 1,879,564 . The stock had closed at $44.40 on the previous day.


The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 6.86%. Newfield Exploration Co. is up 20.54% in the last 3-month period. Year-to-Date the stock performance stands at 36.46%.

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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