Q1 2018 EPS Estimates for Newfield Exploration Co. Increased by Capital One Financial (NFX)

Newfield Exploration Co. (NYSE:NFX) – Equities researchers at Capital One Financial increased their Q1 2018 earnings estimates for Newfield Exploration in a research note issued to investors on Thursday, April 12th. Capital One Financial analyst R. Tullis now expects that the energy company will earn $0.70 per share for the quarter, up from their previous estimate of $0.62. Capital One Financial also issued estimates for Newfield Exploration’s Q2 2018 earnings at $0.65 EPS.

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Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.11. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The business had revenue of $509.00 million during the quarter, compared to the consensus estimate of $497.95 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year.

A number of other equities research analysts have also recently weighed in on NFX. Seaport Global Securities raised Newfield Exploration from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Jefferies Group set a $40.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Bank of America upgraded shares of Newfield Exploration from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Thursday, January 4th. Piper Jaffray reiterated a “buy” rating and set a $48.00 price objective on shares of Newfield Exploration in a research report on Tuesday, January 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $36.00 target price on shares of Newfield Exploration in a research note on Sunday, January 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $37.30.

Shares of NYSE NFX opened at $26.00 on Monday. The stock has a market capitalization of $5,170.81, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.72 and a beta of 1.53. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. Newfield Exploration has a 52-week low of $22.72 and a 52-week high of $37.00.

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. increased its stake in Newfield Exploration by 14,896.2% during the 4th quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock valued at $123,000 after purchasing an additional 3,873 shares in the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Newfield Exploration in the 4th quarter worth $211,000. Vident Investment Advisory LLC bought a new position in Newfield Exploration during the third quarter valued at about $212,000. MAI Capital Management bought a new position in Newfield Exploration during the fourth quarter valued at about $240,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Newfield Exploration during the fourth quarter valued at about $257,000. Institutional investors and hedge funds own 99.82% of the company’s stock.

In other news, Director Roger B. Plank purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were purchased at an average price of $23.38 per share, for a total transaction of $46,760.00. Following the transaction, the director now owns 32,787 shares of the company’s stock, valued at $766,560.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total transaction of $381,000.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

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About Newfield Exploration

Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.

Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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