Newfield Exploration Company (NFX) Shares Slide -2.54%

Newfield Exploration Company (NFX) : During the past 4 weeks, traders have been relatively bearish on Newfield Exploration Company (NFX), hence the stock is down -4.51% 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 -2.48% relative to the S&P 500. The 4-week change in the price of the stock is -1.3% and the stock has fallen -2.54% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.14% and the 50-Day Moving Average is 3.08%. Newfield Exploration Co. is up 19.45% in the last 3-month period. Year-to-Date the stock performance stands at 32.99%.


Newfield Exploration Company (NYSE:NFX): stock turned positive on Friday. Though the stock opened at $41.89, the bulls momentum made the stock top out at $43.365 level for the day. The stock recorded a low of $41.45 and closed the trading day at $43.3, in the green by 2.17%. The total traded volume for the day was 2,136,394. The stock had closed at $42.38 in the previous days trading.

Also, Johnson Rice initiates coverage on Newfield Exploration Company (NYSE:NFX) The current rating of the shares is Buy. The rating by the firm was issued on July 28, 2016.

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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