Why Newfield Exploration Company (NYSE:NFX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $48.50 on Newfield Exploration Company (NYSE:NFX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.47 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Newfield Exploration Company (NYSE:NFX) stands at N/A. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Newfield Exploration Company Co, the PEG ratio for coming 3-5 years is 3.10. Technical Analysis The technical analysis highlights that Newfield Exploration Company Co current price is trading $1.80 points away +4.29% from $42.06, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $34.27 and, for now, the stock price is trading $9.59 or +27.97% away from that point. The 52-week high of Newfield Exploration Company (NYSE:NFX) was $45.61 while lowest point recorded in 52-week was $20.84. It implies if stock price makes a movement of over $-1.75, it will record a new 52-week high. In the case of $+110.46% points drop, it will touch a new 52-week low.

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