Newfield Exploration Company (NFX) Shares are Up 4.37%

Newfield Exploration Company (NFX) has been under a strong bear grip, hence the stock is down -2.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.2% in the past 1 week. The stock has risen by 4.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.21% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 1.12%.The 200 Day SMA reached 18.46%

Newfield

Newfield Exploration Company (NYSE:NFX): After opening at $43.37, the stock dipped to an intraday low of $42.82 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.88 and the buying power remained strong till the end. The stock closed at $43.46 for the day, a gain of 1.59% for the day session. The total traded volume was 2,232,614. The stocks close on the previous trading day was $43.46.

Newfield Exploration Company (NFX) : The highest short term price target forecast on Newfield Exploration Company (NFX) is $65 and the lowest target price is $42. A total of 20 equity analysts are currently covering the company. The average price of all the analysts is $52.2 with a standard deviation of $6.76.

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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