Newfield Exploration Company (NFX) has risen sharply, recording gains of 1.96% in the past 4 weeks. However, the stock has corrected -4.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.18% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.54% and the fifty day Moving Average is 0.45%. Newfield Exploration Co. is up 9.28% in the last three month period. Year-to-Date the stock performance stands at 35.6%.
Newfield Exploration Company (NFX) : The consensus price target for Newfield Exploration Company (NFX) is $51.21 for the short term with a standard deviation of $6.49. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $42.
Newfield Exploration Company (NYSE:NFX): On Fridays trading session , Opening price of the stock was $44.53 with an intraday high of $45.38. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.75. However, the stock managed to close at $44.15, a loss of 0.36% for the day. On the previous day, the stock had closed at $44.31. The total traded volume of the day was 3,193,566 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.