Newfield Exploration Company (NFX) : During the past 4 weeks, traders have been relatively bearish on Newfield Exploration Company (NFX), hence the stock is down -7.96% 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 -6.54% relative to the S&P 500. The 4-week change in the price of the stock is -9.83% and the stock has fallen -6.04% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.76% and the 50-Day Moving Average is 5.85%.The 200 Day SMA reached 14.92% Newfield Exploration Co. is up 4.24% in the last 3-month period. Year-to-Date the stock performance stands at 28.5%.
Newfield Exploration Company (NFX) has been rated by 20 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $42. The average forecast of all the analysts is $51.9 and the expected standard deviation is $6.6.
For the current week, the company shares have a recommendation consensus of Buy. Newfield Exploration Company (NYSE:NFX): The stock opened at $40.5 and touched an intraday high of $41.91 on Friday. During the day, the stock corrected to an intraday low of $40.31, however, the bulls stepped in and pushed the price higher to close in the green at $41.84 with a gain of 1.63% for the day. The total traded volume for the day was 6,041,481. The stock had closed at $41.84 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.