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.
NFX was given price targets by several analysts. The highest price target was 64, implying potential capital gains of 125.11 percent. The minimum price target given was 23, implying a possible loss of -19.1 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -9.46 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.27 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -12.25 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.77 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 10 analysts revised their estimates downwards. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 10 analysts decreased their estimates.
In the last 52-weeks, NFX has achieved a high of 50.00 and a low of 25.46. Today's price is 11.67 percent above the 52-week low, and 43.14 percent below the high. NFX has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.