Earnings Forecast Research on Newfield Exploration Company (NFX)

Newfield Exploration Company has received $0.37 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 13 Financial Advisor in the Stock Trading Firms. Among 13 Analysts, Bottom line EPS Estimate for the current quarter is $0.17 while the top line estimate is $0.48 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 23.08%.

Newfield Exploration Company results fell short with a surprise EPS of -4% or $-0.01. The Actual EPS was $0.24 compared to the Estimated EPS of $0.25 during its most recent quarterly earnings. The Woodlands based Newfield Exploration Company Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Feb 21, 2017.

Newfield Exploration Company has a Price to Earnings ratio of 52.1 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 8.7. For the Most Recent Fiscal Year, Newfield Exploration Company has a price to cash ratio of 6.06. For the Trailing twelve month period, company showed a Net Profit Margin of -134.32% and Return on Equity of the stock is 12.41%.

In the last quarter, Newfield Exploration Company reported Annual Earnings of $0.24. Based on the filings, last years Annual Earnings was, $1.02. In the last Quarter, NFX reported a surprise Earnings per Share of -4% . The consensus estimate for current quarter is $0.37 and for the current fiscal year, the estimate is $1.09. For the Next fiscal year, the estimate is $1.77 based on the consensus.

Newfield Exploration Company (NYSE:NFX) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.1% at $40.08 with 1,867,212 shares getting traded. Post opening the session at $40.07, the shares hit an intraday low of $39.476 and an intraday high of $40.2 and the price was in this range throughout the day. The company has a market cap of $7,971 million and the number of outstanding shares has been calculated to be 198,884,580 shares. The 52-week high of Newfield Exploration Company (NYSE:NFX) is $50 and the 52-week low is $20.84.

Newfield Exploration Company explores, develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling, balance between exploration and the acquisition and exploitation of proved properties, strong geographic focus, control of operations/low cost structure, and use of 3-D seismic.


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