Newfield Exploration (NYSE:NFX)‘s stock had its “hold” rating restated by research analysts at Williams Capital in a research note issued to investors on Monday. They presently have a $20.00 price objective on the energy company’s stock. Williams Capital’s price target indicates a potential upside of 22.85% from the stock’s previous close.
A number of other brokerages also recently issued reports on NFX. Edward Jones downgraded shares of Newfield Exploration to a “hold” rating in a report on Friday, November 2nd. Capital One Financial downgraded shares of Newfield Exploration from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. SunTrust Banks reduced their price target on shares of Newfield Exploration from $30.00 to $23.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Citigroup downgraded shares of Newfield Exploration from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $24.00 in a report on Friday, November 2nd. Finally, Seaport Global Securities downgraded shares of Newfield Exploration from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Monday, December 10th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.27.
NYSE NFX traded down $0.02 on Monday, reaching $16.28. The company had a trading volume of 2,798,336 shares, compared to its average volume of 6,161,648. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.70 and a current ratio of 0.72. The company has a market cap of $3.28 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.35 and a beta of 1.85. Newfield Exploration has a 12 month low of $12.45 and a 12 month high of $31.46.
About Newfield Exploration
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.
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