Piper Jaffray analyst Kashy Harrison reiterated a Buy rating on Newfield (NFX) on November 15 and set a price target of $37. The company’s shares opened today at $18.75, close to its 52-week low of $18.39.
According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Gulfport Energy Corp.
Newfield has an analyst consensus of Moderate Buy, with a price target consensus of $33.25, implying a 77.3% upside from current levels. In a report issued on November 1, Williams Capital also maintained a Buy rating on the stock with a $44 price target.
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Newfield’s market cap is currently $3.81B and has a P/E ratio of 7.31. The company has a Price to Book ratio of 2.03.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
