Newfield Exploration Co. (NYSE:NFX) had its price objective lowered by analysts at Barclays from $36.00 to $26.00 in a report released on Thursday, MarketBeat reports. The firm presently has an “overweight” rating on the energy company’s stock. Barclays’ target price points to a potential downside of 7.70% from the company’s current price.

In other news, Director Roger B. Plank purchased 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average cost of $39.64 per share, for a total transaction of $63,424.00. Following the completion of the transaction, the director now directly owns 16,017 shares of the company’s stock, valued at approximately $634,913.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Valerie A. Mitchell sold 10,713 shares of Newfield Exploration stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $38.50, for a total value of $412,450.50. Following the sale, the vice president now owns 1,267 shares in the company, valued at $48,779.50. The disclosure for this sale can be found here.

NFX has been the topic of a number of other research reports. SunTrust reissued a “neutral” rating on shares of Newfield Exploration in a report on Tuesday, December 29th. Nomura dropped their price objective on Newfield Exploration from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, January 21st. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a report on Wednesday, November 4th. Stifel Nicolaus raised their price target on Newfield Exploration from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Finally, KLR Group lowered their price target on Newfield Exploration from $53.00 to $49.00 in a report on Thursday, October 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.04.

Shares of Newfield Exploration (NYSE:NFX) traded down 3.10% during mid-day trading on Thursday, reaching $28.17. The company had a trading volume of 3,648,523 shares. Newfield Exploration has a 12-month low of $22.20 and a 12-month high of $41.34. The firm’s market capitalization is $4.55 billion. The stock has a 50 day moving average price of $29.71 and a 200 day moving average price of $34.30.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, November 3rd. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. During the same period last year, the company posted $0.52 EPS. The company had revenue of $377 million for the quarter, compared to analysts’ expectations of $489.81 million. The business’s revenue for the quarter was down 38.2% on a year-over-year basis. On average, equities analysts forecast that Newfield Exploration will post $0.75 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in NFX. Commonwealth Equity Services raised its stake in Newfield Exploration by 8.2% in the fourth quarter. Commonwealth Equity Services now owns 8,528 shares of the energy company’s stock valued at $278,000 after buying an additional 648 shares in the last quarter. James Investment Research Inc. purchased a new stake in Newfield Exploration during the fourth quarter valued at $281,000. DIAM Co. Ltd. raised its stake in Newfield Exploration by 93.0% in the fourth quarter. DIAM Co. Ltd. now owns 13,337 shares of the energy company’s stock valued at $435,000 after buying an additional 6,426 shares in the last quarter. World Asset Management Inc raised its stake in Newfield Exploration by 1.2% in the fourth quarter. World Asset Management Inc now owns 17,686 shares of the energy company’s stock valued at $576,000 after buying an additional 210 shares in the last quarter. Finally, Oakbrook Investments LLC raised its stake in Newfield Exploration by 68.1% in the fourth quarter. Oakbrook Investments LLC now owns 17,900 shares of the energy company’s stock valued at $583,000 after buying an additional 7,250 shares in the last quarter.

Newfield Exploration Company (NYSE:NFX) is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The Company’s principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent, Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Company’s proved reserves are located in Mid-Continent region. The Company’s assets consist of more than 400,000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92,000 net acres in the Williston Basin. The Company has approximately 225,000 net acres in the Uinta Basin. About 7% of the Company’s proved reserves are located in the onshore Gulf Coast region. Approximately 4%, of the Company’s proved reserves are located in China.

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