$0.81 EPS Expected for Newfield Exploration Company (NFX)

October 2, 2018 - By Winifred Garcia

Newfield Exploration Company (NYSE:NFX) LogoInvestors sentiment decreased to 0.91 in 2018 Q2. Its down 0.42, from 1.33 in 2018Q1. It worsened, as 40 investors sold Newfield Exploration Company shares while 138 reduced holdings. 55 funds opened positions while 107 raised stakes. 193.06 million shares or 0.13% less from 193.32 million shares in 2018Q1 were reported.
Texas Permanent School Fund accumulated 48,740 shares or 0.02% of the stock. Regions owns 0.01% invested in Newfield Exploration Company (NYSE:NFX) for 31,265 shares. Horizon Invests Ltd Limited Liability Company reported 0.01% of its portfolio in Newfield Exploration Company (NYSE:NFX). Moreover, Mai Cap Mngmt has 0.01% invested in Newfield Exploration Company (NYSE:NFX). Adell Harriman And Carpenter Inc reported 68,862 shares stake. Reinhart Prtnrs Inc accumulated 451,026 shares. New York-based Art Advsr Lc has invested 0.11% in Newfield Exploration Company (NYSE:NFX). Schaper Benz And Wise Invest Counsel Inc Wi accumulated 177,215 shares. Asset Mngmt holds 0% or 55,219 shares in its portfolio. Bnp Paribas Arbitrage Sa invested in 248,803 shares. Teachers Retirement Of The State Of Kentucky invested in 0.12% or 331,006 shares. Ftb Advsr, Tennessee-based fund reported 552 shares. First Manhattan has 872 shares. Rhumbline Advisers reported 0.02% in Newfield Exploration Company (NYSE:NFX). Kentucky Retirement Sys reported 8,480 shares stake.

Analysts expect Newfield Exploration Company (NYSE:NFX) to report $0.81 EPS on October, 30.They anticipate $0.29 EPS change or 55.77 % from last quarter’s $0.52 EPS. NFX’s profit would be $160.12 million giving it 8.89 P/E if the $0.81 EPS is correct. After having $0.94 EPS previously, Newfield Exploration Company’s analysts see -13.83 % EPS growth. The stock decreased 0.66% or $0.19 during the last trading session, reaching $28.81. About 964,018 shares traded. Newfield Exploration Company (NYSE:NFX) has risen 4.61% since October 2, 2017 and is uptrending. It has underperformed by 11.01% the S&P500.

Newfield Exploration Company (NYSE:NFX) Ratings Coverage

Among 12 analysts covering Newfield (NYSE:NFX), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Newfield had 14 analyst reports since April 4, 2018 according to SRatingsIntel. The rating was reinitiated by PiperJaffray with “Overweight” on Friday, September 28. Stifel Nicolaus maintained Newfield Exploration Company (NYSE:NFX) rating on Monday, April 23. Stifel Nicolaus has “Buy” rating and $4300 target. Williams Capital Group maintained the stock with “Buy” rating in Monday, May 21 report. The stock of Newfield Exploration Company (NYSE:NFX) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, September 26. RBC Capital Markets maintained Newfield Exploration Company (NYSE:NFX) rating on Friday, April 13. RBC Capital Markets has “Buy” rating and $3300 target. SunTrust downgraded the stock to “Hold” rating in Friday, July 27 report. The firm has “Buy” rating by Williams Capital Group given on Wednesday, May 2. Deutsche Bank initiated Newfield Exploration Company (NYSE:NFX) rating on Wednesday, April 4. Deutsche Bank has “Hold” rating and $3200 target. Tudor Pickering downgraded the stock to “Hold” rating in Thursday, May 10 report. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by Seaport Global on Wednesday, May 23.

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has market cap of $5.70 billion. The company's principal areas of operation include the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah. It has a 14.93 P/E ratio. It also holds oil producing assets offshore China.

Newfield Exploration Company (NYSE:NFX) Institutional Positions Chart

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