Mitchell Group Inc. Lowers Position in Newfield Exploration Company (NYSE:NFX)

Newfield Exploration Co
Newfield Exploration Company - NFX - Stock Price Today - Zacks
Author

17 September, 2017

The firms present RSI is 60.97.

Lapides Asset Management Llc decreased its stake in Kennametal Inc (KMT) by 22.9% based on its latest 2016Q4 regulatory filing with the SEC.

Analysts are speculating a 94.78% move, based on the high target price ($53) for the shares that is set to reach in the next 12 months. About 3.49 million shares traded or 20.76% up from the average. Newfield Expl Co now has $5.33 billion valuation.

Let's take a look at how the stock has been performing recently. KCG Holdings Inc. now owns 62,832 shares of the energy company's stock worth $2,731,000 after buying an additional 28,368 shares during the period. Newfield Exploration Co. (NYSE:NFX) has declined 13.04% since September 17, 2016 and is downtrending. It has underperformed by 29.74% the S&P500.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year. Prudential Financial Inc. increased its stake in shares of Newfield Exploration by 45.5% in the first quarter. F5 Networks Inc (NASDAQ:FFIV) was raised too.

Investors sentiment decreased to 1.25 in Q4 2016. Its up 0.10, from 0.98 in 2016Q3.

Hedge funds have recently bought and sold shares of the company. 58 funds opened positions while 146 raised stakes. (NYSE:KMT). Great West Life Assurance Company Can invested in 1.90 million shares. Financial Bank Of Montreal Can holds 0.01% or 148,833 shares. Wells Fargo & Company cut shares of Newfield Exploration Company from an "outperform" rating to a "market perform" rating in a research note on Friday, December 16th. (NYSE:NFX). Eagle Cap Mgmt Ltd Liability Corporation reported 15,900 shares. Earnest Prns Ltd Company owns 880,701 shares. Avalon Advisors Ltd Llc reported 30,799 shares. Deroy & Devereaux Private Counsel Inc holds 35,950 shares.

General Company Details For Newfield Exploration Co. (NYSE:NFX). Meeder Asset Mgmt accumulated 25,927 shares. Tradewinds Mgmt Ltd Liability holds 0% of its portfolio in Newfield Exploration Co. Huntington Bancorporation accumulated 63 shares or 0% of the stock. (NYSE:KMT). California State Teachers Retirement reported 162,904 shares or 0.01% of all its holdings. Delta Lloyd Nv reported 50,630 shares or 0.06% of all its holdings.

Since April 3, 2017, it had 0 insider purchases, and 3 insider sales for $936,990 activity.

08/03/2017 - Newfield Exploration Company had its "equal-weight" rating reiterated by analysts at Barclays. (NYSE:NFX) for 64 shares. They expect this year's earnings to rise 88.24% year-over-year to $1.92, followed by 13.02% growth in the next year to $2.17. NFX's profit will be $78.70 million for 16.93 P/E if the $0.40 EPS becomes a reality. During the same period in the prior year, the firm posted $0.32 earnings per share.

05/30/2017 - Newfield Exploration Company was upgraded to "buy" by analysts at Goldman Sachs. BidaskClub lowered shares of Newfield Exploration from a "sell" rating to a "strong sell" rating in a research note on Wednesday, June 21st. Therefore 69% are positive.

Analysts at Jefferies Group dropped their Q2 2018 earnings estimates for Newfield Exploration in a report issued on Tuesday. The firm has "Buy" rating given on Tuesday, January 17 by Jefferies. Jefferies Group LLC set a $40.00 price objective on shares of Newfield Exploration and gave the company a "buy" rating in a research note on Tuesday, August 29th. Evercore downgraded the shares of NFX in report on Friday, October 14 to "Hold" rating. (NYSE:NFX) has "Overweight" rating given on Wednesday, December 9 by JP Morgan. The firm has "Neutral" rating by Robert W. Baird given on Monday, February 6. On Monday, September 14 the stock rating was maintained by Citigroup with "Neutral". Seekingalpha.com's news article titled: "Newfield Exploration Co.: When Technicals And Fundamentals Align" with publication date: September 07, 2017 was also an interesting one. The firm has "Sell" rating given on Wednesday, June 21 by Seaport Global. Jefferies has "Buy" rating and $46.0 target. The shares were purchased at an average cost of $25.98 per share, with a total value of $77,940.00. About 786,568 shares traded or 36.46% up from the average. NewMarket Corporation (NEU) has risen 15.93% since September 15, 2016 and is uptrending. It has underperformed by 8.73% the S&P500.

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