Economy

Morgan Stanley Raises Newfield Exploration Company (NYSE:NFX) Price Target to $33.00

Brokerage houses, on average, are recommending investors to buy Newfield Exploration Company (NFX)'s shares projecting a $35.93 target price. PineBridge Investments L.P. now owns 2,333 shares of the energy company's stock valued at $103,000 after buying an additional 1,767 shares during the last quarter. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Also, it has an estimated price-earnings (P/E) multiple of 13.97 and a trailing 12-month price-earnings (P/E) multiple of 19.05.

A number of other research firms have also recently commented on NFX. The mean 12-month price target for the shares is US$1.12. A stock with a beta more than 1 means high volatile and less than 1 means low volatile. Finally, BidaskClub lowered Newfield Exploration from a sell rating to a strong sell rating in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. Stifel Nicolaus upped their price target on shares of Newfield Exploration from $48.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, August 4th.

The collective rating of 2 for Newfield Exploration Company (NYSE:NFX) also leans strongly towards the neutral end of the spectrum. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of USA and global copyright and trademark legislation.

WARNING: "Public Employees Retirement System of Ohio Raises Stake in Newfield Exploration Company (NYSE:NFX)" was reported by TrueBlueTribune and is the property of of TrueBlueTribune. About shares traded. Genetic Technologies Limited (ADR) (NASDAQ:GENE) has declined 49.77% since November 8, 2016 and is downtrending. The stock had a trading volume of 3,577,068 shares, compared to its average volume of 3,010,000. Further, the firm has debt to equity ratio of 1.25, sometimes it remain same with long term debt to equity ratio. The firm has a market cap of $6,120.31, a P/E ratio of 15.25, a P/E/G ratio of 1.30 and a beta of 1.47. Vetr upgraded shares of Newfield Exploration from a "buy" rating to a "strong-buy" rating and set a $55.00 price target on the stock in a report on Tuesday, November 1st.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, October 31st. CRC has increased sales at a -17.00% CAGR over the past five years, and is considered a low growth stock. The firm's quarterly revenue was up 12.0% compared to the same quarter previous year.

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of Newfield Exploration by 203.6% in the third quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company's stock valued at $7,226,000 after purchasing an additional 47,194 shares during the period. Mizuho Asset Management Co. Comerica Bank grew its position in Newfield Exploration by 5.1% in the 3rd quarter.

Among institutions that increased their positions, 45 were new positions. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,047 shares of the energy company's stock valued at $1,307,000 after buying an additional 16,389 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Newfield Exploration by 51.0% in the third quarter. Following the completion of the purchase, the director now owns 30,787 shares of the company's stock, valued at approximately $799,846.26. The stock was acquired at an average cost of $25.98 per share, for a total transaction of $77,940.00. State Treasurer State of MI now owns 65,512 shares of the energy company's stock worth $1,864,000 after purchasing an additional 200 shares during the period. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Insider ownership during the past year has decreased by a net of 315073 shares. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.24. Insider ownership during the latest quarter decreased by a net of 279497 shares, indicating that NFX's key executives are feeling more bearish about the stock than they did three months ago. Newfield Exploration Co now has $6.56 billion valuation.



Like this

Latest


09 November 2017
Transocean Ltd. (NYSE:RIG)
Contrarius Investment Management Ltd decreased Vale S A stake by 4.10M shares to 10.63 million valued at $86.67 million in 2017Q2. Finally, Credit Suisse Group reiterated a "buy" rating on shares of Transocean in a research report on Wednesday, July 19th.

09 November 2017
'Star Wars' fans spot hidden Millennium Falcon on Google Earth
That is the second glimpse fans have been privy to within a week, with a new trailer for the upcoming film released on Thursday. After travelling to galaxies far, far away for decades, the Falcon is now parked metres from Barrow Hills Golf Club.

09 November 2017
Watch Wolves star Jimmy Butler scream, fall out of canoe
Butler screams once as he tries to get in and again as the canoe tips and he falls in the water trying to get out. And I said from the beginning it was either gonna be me or the Fred Hoiberg route.

09 November 2017
Ffcm LLC Has $2.27 Million Position in Kimberly-Clark Co. (KMB)
Breton Hill Capital Ltd decreased Citizens Finl Group Inc (NYSE:CFG) stake by 9,253 shares to 26,228 valued at $936,000 in 2017Q2. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has "Hold" rating given on Wednesday, May 31 by BMO Capital Markets.

09 November 2017
Assam Govt officials held in Job scam, more arrests likely
Special public prosecutor Bijon Kumar Mahajan said the arrests reaffirm the State governments zero tolerance against corruption. All officials will be presented at the court and then they will be taken into police custody for further interrogation.

09 November 2017
Align Technology Inc (NASDAQ:ALGN): Stock Institutional Investors Are Happy About
The rating was maintained by Morgan Stanley with "Overweight" on Monday, July 17. (NASDAQ: ALGN)'s stock has performed 180.51%. Looking into last 5 trades, the stock observed a return of nearly 3.79%. 108 funds opened positions while 133 raised stakes.

09 November 2017
HEB launches statewide checkstand donation campaign for church victims
The money will be distributed to the victims, in coordination with the church, the company said. Witnesses said Kelley was dressed in all black tactical gear and a ballistic vest.

09 November 2017
Nissan Q2 operating profit drops 21.6pc, misses estimates
The techs were used because some inspection steps had been transferred to other inspection lines, in violation of ministry rules. Results were hurt by a multi-million USA settlement tied to the recall of vehicles with faulty Takata air bag inflators.

09 November 2017
Golden State Warriors vs. Minnesota Timberwolves - 11/8/17 NBA Pick, Odds, and Prediction
Durant joined Golden State after a drama-filled trip to free agency during the 2016 offseason, and the impact has been massive. The 10th-year pro has been ultra consistent through the first 10 games, notching 20 or more points in nine of those contests.

09 November 2017
WB nun rape case: B'desh man sentenced to imprisonment till death
Sr Monica Joseph of India is the superior general of the Religious of Jesus and Mary nuns worldwide, headquartered in Rome. Additional judge Kumkum Singha pronounced the sentence to Nazrul Islam alias Noju, who raped the nun in March 2015.



Recommended