In a report issued on November 27, Neal Dingmann from SunTrust Robinson reiterated a Hold rating on Newfield (NFX), with a price target of $19. The company’s shares opened today at $17.65, close to its 52-week low of $16.73.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newfield with a $30.11 average price target, implying a 70.6% upside from current levels. In a report issued on November 20, Morgan Stanley also maintained a Hold rating on the stock with a $20 price target.
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Newfield’s market cap is currently $3.5B and has a P/E ratio of 6.73. The company has a Price to Book ratio of 1.87.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.
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Newfield Exploration Co. is an independent oil and gas company. It engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It operates through the United States and China geographical segments. The company was founded by Joe B. Foster in 1988 and is headquartered in The Woodlands, TX.
