Newfield Expl (NFX) is Initiated by Cantor Fitzgerald to Buy

Newfield Expl (NFX) is Initiated by Cantor Fitzgerald to Buy , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-23-2015.

Shares of Newfield Exploration Company (NYSE:NFX) ended Thursday session in red amid volatile trading. The shares closed down 1.83 points or 5.31% at $32.61 with 4,474,633 shares getting traded. Post opening the session at $34.37, the shares hit an intraday low of $32.33 and an intraday high of $34.75 and the price vacillated in this range throughout the day. The company has a market cap of $5,329 million and the number of outstanding shares has been calculated to be 163,412,340 shares. The 52-week high of Newfield Exploration Company (NYSE:NFX) is $41.34 and the 52-week low is $22.31.

During the last several months other analysts have commented on the company rating. JP Morgan initiates coverage on Newfield Exploration Company (NYSE:NFX) The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency announces the price target to $47 per share. The rating by the firm was issued on December 9, 2015.

Newfield Exploration Company (NYSE:NFX) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The company received an average rating of 1.64 from 22 analysts. 14 have rated it as a strong buy. 2 analysts recommended buying the shares. 6 analysts have rated the company at hold.

Newfield Exploration Company (NYSE:NFX): 17 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $44.18 in Newfield Exploration Company (NYSE:NFX). However, the stock price could fluctuate by $ 4.73 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $53 price target with the lower price estimate is calculated at $35

Newfield Exploration Co. has lost 10.71% in the last five trading days and dropped 19.24% in the last 4 weeks. Newfield Exploration Co. has dropped 3.18% during the last 3-month period . Year-to-Date the stock performance stands at 20.24%.

Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The Company’s domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas. Internationally, it focuses on offshore oil developments in Malaysia and China. As of December 31, 2011, it was in the process of drilling 16 gross (9.6 net) exploitation wells and 24 gross (19.7 net) development wells domestically. As of December 31, 2011, internationally, it was drilling one gross (0.6 net) exploratory well in Malaysia. In May 2011, the Company acquired assets in the Uinta Basin of Utah.