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, implying potential capital gains of 125.11 percent. The most pessimistic price target was 23, implying a possible loss of -19.1 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -9.46 percent on average, compared to last month. That number becomes -2.27 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -12.25 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.77 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, 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. Currently the stock is 11.67 percent higher than its low, and below the high by 43.14 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.