Home Sectors Energy Recent Technicals: Newfield Exploration Company (NYSE: NFX)

Recent Technicals: Newfield Exploration Company (NYSE: NFX)


Newfield Exploration Company is in the energy sector and is in the oil and gas exploration and production industry. The company CEO is Lee K. Boothby. Newfield Exploration Co is an exploration and production company. It explores, develops and produces crude oil, natural gas and natural gas liquids. Its areas of operation include basins of Oklahoma and North Dakota and uinta basin of Utah.

Previous Intraday Trading Performance:

The NFX stock showed a previous change of -0.61% with an open at 16.12 and a close of 16.20. It reached an intraday high of 16.62 and a low of 15.89.

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The stock has a market cap of $3.3b with 200.9m shares outstanding, of which the float is 196.6m shares. Trading volume reached 13,211,784 shares compared to its average volume of 7,244,642 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Newfield Exploration Company shares returned -10.74% and in the past 30 trading days it returned 13.05%. Over three months, it changed -21.93%. In one year it has changed -39.51% and within that year its 52-week high was 31.46 and its 52-week low was 12.45. NFX stock is 30.12% above its 52 Week Low.

Our calculations show a 200 day moving average of 24.46 and a 50 day moving average of 16.68. Currently NFX stock is trading -33.77% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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The last annual fiscal EPS for the company was reported at 2.13 that ended on 31st of December 2017, which according to the previous close, that is a PE of 7.61. Based on 11 analyst estimates, the consensus EPS for the next quarter is 0.80. The TTM EPS is 3.48, which comes to a TTM PE of 4.66.

The following are the last four quarter reported earnings per share:
09-30-2018:  1.01
06-30-2018:  0.94
03-31-2018:  0.82
12-31-2017:  0.71

Indicators to Watch:

Based on the latest filings, there is 2.10% of insider ownership and 141.90% of institutional ownership. Short-interest is 17,185,263, which is 8.55% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.27. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.83

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 33.04%, return on assets is 10.06%, profit margin is 21.83%, price-to-sales is 1.67 and price-to-book is 1.75.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 3  :Past Performance Score
 2  :Financial Strength Score
 4  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.