Stock To Watch: Newfield Exploration Company (NYSE:NFX)


The leading market experts have placed a mean price target of $46.00 on Newfield Exploration Company (NYSE:NFX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.17 a share for the upcoming quarter and $0.24 for the current fiscal. Technical View The technical analysis of Newfield Exploration Company Co plainly substantiates that the 50-day moving average of Newfield Exploration Company Co is $40.85, and stock is hovering 3.02 or +7.40% distant from $40.85. It is noted that the 200-day MA is $33.42, and Newfield Exploration Company Co stock is $10.45 or +31.29% off from this point. Newfield Exploration Company (NYSE:NFX) 52-week high is $44.79 and the 52-week low is $20.84. This explains if the stock moves $-0.92, it will post a 52-week high. In event of $+110.51% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Newfield Exploration Company Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Newfield Exploration Company (NYSE:NFX) ratio came in at N/A. The stock last ended the trading session at $43.87 and registered a market cap of $8.61B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Newfield Exploration Company (NYSE:NFX) PEG ratio is at 4.80.

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