Analyst Ratings for Newfield Exploration Co. (NFX)Updated: 2017-07-26
Shares of Newfield Exploration Co. (NYSE:NFX) have received a consensus rating of Overweight from Wall Street analysts. NFX had previously received a consensus rating of Overweight a month ago.
33 analysts issued ratings on the stock, where 23 gave NFX a buy rating, 2 gave an overweight rating, 7 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 1.
Several price targets were given for NFX by the analysts covering the stock. The most optimistic analyst gave a price target of 64, which equates to a potential upside of 125.11 percent. The most pessimistic price target was 23, implying potential capital losses of -19.1 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -9.46 percent. The average change in earnings estimates over the last 90 days is -2.27 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -12.25 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.77 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 10 analysts revised their estimates downwards. Over the same time period, 5 analysts revised their FY earnings estimates upwards, while 10 analysts made negative revisions to their fiscal year's estimates.
In the trailing 52-weeks, NFX hit 50.00 at the highest peak, while it's lowest trading point was 25.46. Today's price is 11.67 percent above the 52-week low, and below the high by 43.14 percent. NFX has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The NFX value stock report compares NFX to some of its peers using value stock charts. The stock has a market capitalization of $5.55 billion. NFX will post this quarters earnings in days, on 0000-00-00.