Zacks Rating on Newfield Exploration Company (NFX)

Newfield Exploration Company (NFX) : 16 brokerage houses believe that Newfield Exploration Company (NFX) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Newfield Exploration Company (NFX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 21 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.38.

Newfield Exploration Company (NFX) : The consensus price target for Newfield Exploration Company (NFX) is $50.53 for the short term with a standard deviation of $5.83. 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 Co. has dropped 0.97% in the last five trading days, however, the shares have posted positive gains of 7.17% in the last 4 weeks. Newfield Exploration Co. is up 12.03% in the last 3-month period. Year-to-Date the stock performance stands at 40.42%. Newfield Exploration Company (NYSE:NFX): stock turned positive on Tuesday. Though the stock opened at $44.95, the bulls momentum made the stock top out at $46.32 level for the day. The stock recorded a low of $44.83 and closed the trading day at $45.72, in the green by 1.51%. The total traded volume for the day was 2,197,249. The stock had closed at $45.04 in the previous days trading.

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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