November 29, 2016 - By Adrian Mccoy · 0 Comments
Newfield Exploration Co (NYSE:NFX) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.49, from 1.54 in 2016Q1. The ratio worsened, as 233 investment managers started new or increased equity positions, while 151 trimmed and sold stakes in Newfield Exploration Co. The investment managers in our partner’s database now hold: 197.02 million shares, down from 197.54 million shares in 2016Q1. Also, the number of investment managers holding Newfield Exploration Co in their top 10 equity positions increased from 14 to 16 for an increase of 2. Sold All: 37 Reduced: 114 Increased: 151 New Position: 82.
Newfield Exploration Company is an independent energy firm engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids . The company has a market cap of $7.51 billion. The Company’s activities are focused primarily on large scale, onshore liquids-rich resource plays in the United States. It currently has negative earnings. The Company’s divisions are the United States and China.
About 1.20M shares traded hands. Newfield Exploration Co. (NYSE:NFX) has risen 6.44% since April 26, 2016 and is uptrending. It has outperformed by 1.18% the S&P500.
Analysts await Newfield Exploration Co. (NYSE:NFX) to report earnings on February, 22. They expect $0.34 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. NFX’s profit will be $65.30 million for 28.75 P/E if the $0.34 EPS becomes a reality. After $0.24 actual EPS reported by Newfield Exploration Co. for the previous quarter, Wall Street now forecasts 41.67% EPS growth.
According to Zacks Investment Research, “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.”
Jvl Advisors L.L.C. holds 15.19% of its portfolio in Newfield Exploration Co. for 1.49 million shares. Brenham Capital Management L.P. owns 2.20 million shares or 12.44% of their US portfolio. Moreover, Encompass Capital Advisors Llc has 7.86% invested in the company for 600,000 shares. The Texas-based Caymus Capital Partners L.P. has invested 6.61% in the stock. Conatus Capital Management Lp, a Connecticut-based fund reported 2.03 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 selling transactions for $586,591 net activity.
Ratings analysis reveals 63% of Newfield Exploration Co.’s analysts are positive. Out of 24 Wall Street analysts rating Newfield Exploration Co., 15 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $27 while the high is $58. The stock’s average target of $43.70 is 11.76% above today’s ($39.1) share price. NFX was included in 53 notes of analysts from July 21, 2015. The company was maintained on Friday, October 9 by Stifel Nicolaus. Barclays Capital downgraded the shares of NFX in a report on Friday, August 5 to “Equal-Weight” rating. Stifel Nicolaus maintained it with “Buy” rating and $48 target price in Tuesday, June 28 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, October 31. As per Wednesday, December 23, the company rating was initiated by Cantor Fitzgerald. On Thursday, March 17 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Outperform” rating given by Imperial Capital on Thursday, January 21. The rating was initiated by Credit Suisse on Wednesday, September 9 with “Outperform”. The stock has “Buy” rating given by Deutsche Bank on Tuesday, June 14. As per Monday, August 29, the company rating was initiated by Williams Capital Group.
Newfield Exploration Company (Newfield), incorporated on December 5, 1988, is an independent energy firm engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s activities are focused primarily on large scale, onshore liquids-rich resource plays in the United States. The Company’s divisions are the United States and China. The Company’s principal areas of operation are the Anadarko and Arkoma Basins of Oklahoma, the Williston Basin of North Dakota, the Uinta Basin of Utah and the Maverick, and Gulf Coast basins of Texas. In addition, it has oil developments offshore China. The Company’s proved reserves of approximately 510 million barrels of oil equivalents (MMBOE) consist of over 310 MMBOE proved developed producing, over 20 MMBOE proved developed non-producing and over 180 MMBOE proved undeveloped reserves. The Company’s proved liquids reserves are approximately 290 million barrels. Over 71% of its proved liquid reserves are crude oil or condensate. The Company’s proved natural gas reserves are approximately 1,305 billion cubic feet (Bcf). The Firm owns mineral interests in over 454,000 gross and 113,000 net acres.
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By Adrian Mccoy