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.
Many analysts weighed in on price targets for NFX. The most optimistic analyst gave a price target of 64, implying a possible profit of 125.11 percent. The most pessimistic analyst gave a price target of 23, implying potential capital losses of -19.1 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.77 percent.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 10 analysts revised their estimates downwards. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 10 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, NFX hit 50.00 at the highest peak, while it's lowest trading point was 25.46. The current market price is above the trailing year's low by 11.67 percent, and 43.14 percent lower than its 52-week 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 market cap of NFX is $5.55 billion. NFX's next earnings release will be on 0000-00-00, which is days away.