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Newfield Expl (NYSE:NFX) target lowered to $32.00, issued a report today by BMO Capital

Boasting a price of $29.78, Newfield Expl (NYSE:NFX) traded 0.05% higher on the day. The last stock price is down -1.09% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. The company has recorded a 50-day moving average of $27.87 and a 200-day moving average of $30.12. Volume of trade was down over the average, with 1,299,320 shares of NFX changing hands under the typical 2,941,990

BMO Capital reduced the stock price target of Newfield Expl (NYSE:NFX) to $32.00 reporting a potential upside of 0.07%.

Previously on 10/11/2017, Barclays Capital reported on Newfield Expl (NYSE:NFX) bumped up the target price from $22.00 to $25.00. At the time, this indicated a possible downside of -0.17%.

Recent Performance Chart

Newfield Expl (NYSE:NFX)

Newfield Expl has a 52 week low of $24.41 and a one year high of $50.00 with a price-earnings ratio of 19.32 NFX’s total market value is presently $0.

A total of 33 brokers have issued a report on the company. 7 brokerages rating the stock a strong buy, 21 firms rating the stock a buy, 6 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $46.12.

Brief Synopsis About Newfield Expl (NYSE:NFX)

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. Its principal areas of operation are the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota and the Uinta Basin of Utah. It has oil producing assets offshore China. As of December 31, 2016, its proved reserves of 513 million barrels of oil equivalents (MMBOE) consisted of 304 MMBOE proved developed producing, 10 MMBOE proved developed non-producing and 199 MMBOE proved undeveloped reserves. As of December 31, 2016, its proved liquids reserves were 285 million barrels of crude oil or other liquid hydrocarbons. As of December 31, 2016, 67% of its proved liquids reserves were crude oil or condensate.

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