Newfield Exploration Co. (NYSE:NFX) has been downgraded to Hold in a report by Evercore ISI today.
- Updated: October 14, 2016
Yesterday Newfield Exploration Co. (NYSE:NFX) traded -1.32% lower at $43.14. The company’s 50-day moving average is $43.04 and its 200-day moving average is $41.13. The last stock close price is up 3.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,029,461 shares of the stock were exchanged, down from an average trading volume of 2,640,310
Evercore ISI has downgraded Newfield Exploration Co. (NYSE:NFX) to Hold in a report released on 10/14/2016.
Previously on 08/29/2016, Williams Capital reported about Newfield Exploration Co. (NYSE:NFX) raised the target price from $0.00 to $58.00. At the time, this indicated a possible upside of 0.31%.
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Newfield Exploration Co. has a 52 week low of $20.84 and a 52 week high of $47.56 The company’s market cap is currently $0.
In addition to Evercore ISI reporting its target price, a total of 33 firms have issued a report on Newfield Exploration Co.. The 12-month price target is $46.12 with seven brokerages rating the company a strong buy, twenty-one brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Newfield Exploration Co. (NYSE:NFX)
Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company's operations are focused primarily on large scale, onshore liquids-rich resource plays in the United States. Its segments are the United States and China. Its 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. Its proved reserves of over 510 million barrels of oil equivalents (MMBOE) consist of over 310 MMBOE proved developed producing, 20 MMBOE proved developed non-producing and 180 MMBOE proved undeveloped reserves. Its proved liquids reserves are over 290 million barrels. Over 71% of its proved liquid reserves are crude oil or condensate. Its proved natural gas reserves are over 1,305 billion cubic feet (Bcf).
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