Trending Stocks in Review: Newfield Exploration Co. (NYSE:NFX)


Newfield Exploration Co. (NYSE:NFX) retreated -1.83% and closed its last session at $39.1. The stock has the market capitalization of $7.78 Billion with the total outstanding shares of 198.88 Million. Newfield Exploration Co.. has Analysts’ Mean Recommendation of 1.44 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 24.27.

Newfield Exploration Co. (NYSE:NFX) touched its 52-Week High of $47.56 on Aug 12, 2016 while it’s 52-Week Low of $20.84 on Feb 19, 2016. The company currently has Return on Assets of -42.3 percent, Return on Equity of -162% and Return on Investment of -90.4 percent. The stock currently showing Weekly Volatility of 3.62%% and Monthly Volatility of 3.53% Percent with Average True Range of 1.45 and Beta of 1.45.

The 33 analysts offering 12-month price forecasts for Newfield Exploration Co have a median target of 52.00, with a high estimate of 69.00 and a low estimate of 40.00. The median estimate represents a +32.99% increase from the last price of 39.10.

Press Release:

The Company and Pierre Fabre on 9 November reported its third quarter 2016 unaudited financial and operating results.

Third Quarter 2016 Financial and Production Summary

For the third quarter, the Company recorded net income of $48 million, or $0.24 per share (all per share amounts are on a diluted basis). Adjusted net income for the third quarter was $89 million, or $0.45 per share after adjustment for the items below:

  • a legal settlement charge of $18 million, or $0.08 per share;
  • unrealized derivative losses of $11 million, or $0.05 per share; and
  • organizational restructuring and severance costs of $16 million, or $0.08 per share.

Revenues for the third quarter were $392 million. Net cash provided by operating activities was $209 million. Discretionary cash flow from operations was $183 million.

Company Profile:

Newfield Exploration Company explores, develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling, balance between exploration and the acquisition and exploitation of proved properties, strong geographic focus, control of operations/low cost structure, and use of 3-D seismic.