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, which equates to a potential upside of 125.11 percent. The most pessimistic analyst gave a price target of 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. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 10 analysts that decreased their estimates. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 10 analysts made negative revisions to their fiscal year's estimates.
NFX has a 52-week high of 50.00 and a 52-week low of 25.46. The current market price is above the trailing year's low by 11.67 percent, 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's next earnings release will be on 0000-00-00, which is days away.