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Newfield Exploration Co. (NYSE:NFX) has been downgraded to Sell in a statement by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded Newfield Exploration Co. (NYSE:NFX) to Sell in a statement released on Wednesday June 21, 2017.

Having a price of $28.80, Newfield Exploration Co. (NYSE:NFX) traded -0.37% lower on the day. With the last close down -12.14% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. NFX has recorded a 50-day average of $26.10 and a two hundred day average of $30.86. Trade Volume was up over the average, with 3,628,368 shares of NFX changing hands over the typical 3,291,740

Recent Performance Chart

Newfield Exploration Co. (NYSE:NFX)

Newfield Exploration Co. has PE ratio of 17.58 with a one year low of $24.41 and a one year high of $50.00 and has a market capitalization of $0.

A total of 33 analysts have released a report on Newfield Exploration Co.. Seven analysts rating the company a strong buy, twenty-one analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $46.12.

General Company Details For Newfield Exploration Co. (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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