After Today’s Bullish Options Activity, Is Newfield Exploration Co.’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Newfield Exploration Co.'s Near Term Analysis Positive?

In today’s session Newfield Exploration Co. (NFX) registered an unusually high (293) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious NFX increase. With 293 contracts traded and 30734 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: NFX161216C00043000 closed last at: $1.25 or 108.3% up. About 939,705 shares traded hands. Newfield Exploration Co. (NYSE:NFX) has risen 14.74% since April 21, 2016 and is uptrending. It has outperformed by 9.41% the S&P500.

Analysts await Newfield Exploration Co. (NYSE:NFX) to report earnings on February, 22. They expect $0.34 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. NFX’s profit will be $66.81M for 30.76 P/E if the $0.34 EPS becomes a reality. After $0.24 actual EPS reported by Newfield Exploration Co. for the previous quarter, Wall Street now forecasts 41.67% EPS growth.

Newfield Exploration Co. (NYSE:NFX) Ratings Coverage

Out of 24 analysts covering Newfield Exploration Co. (NYSE:NFX), 15 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 63% are positive. Newfield Exploration Co. has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, June 29 the stock rating was initiated by Canaccord Genuity with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 9 report. The stock has “Neutral” rating given by Citigroup on Tuesday, August 9. Barclays Capital downgraded the shares of NFX in a report on Friday, August 5 to “Equal-Weight” rating. On Friday, February 26 the stock rating was upgraded by Suntrust Robinson to “Buy”. The stock has “Accumulate” rating given by KLR Group on Monday, May 16. As per Monday, October 31, the company rating was initiated by Morgan Stanley. The rating was maintained by JP Morgan on Tuesday, March 15 with “Overweight”. The rating was initiated by SunTrust with “Neutral” on Thursday, December 17. The stock of Newfield Exploration Co. (NYSE:NFX) has “Outperform” rating given on Thursday, November 5 by RBC Capital Markets.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.49, from 1.54 in 2016Q1. The ratio is negative, as 37 funds sold all Newfield Exploration Co. shares owned while 114 reduced positions. 82 funds bought stakes while 151 increased positions. They now own 197.02 million shares or 0.26% less from 197.54 million shares in 2016Q1.
Exane Derivatives, a France-based fund reported 688 shares. The Texas-based Adell Harriman Carpenter has invested 0% in Newfield Exploration Co. (NYSE:NFX). Blackrock has 802,862 shares for 0.05% of their US portfolio. Ing Groep Nv, a Netherlands-based fund reported 4,964 shares. Axa accumulated 12,313 shares or 0% of the stock. King Luther Capital Mngmt Corp holds 0% or 7,194 shares in its portfolio. Miller Howard Invests, a New York-based fund reported 20,760 shares. Moreover, Brant Point Invest Mgmt Limited Liability Com has 0.33% invested in Newfield Exploration Co. (NYSE:NFX) for 78,300 shares. Moreover, Par Cap Mngmt Inc has 0.15% invested in Newfield Exploration Co. (NYSE:NFX) for 202,500 shares. Canada Pension Plan Invest Board holds 0.03% or 194,622 shares in its portfolio. Hancock Holdings holds 222,516 shares or 0.41% of its portfolio. Parametric Port Assocs Limited Liability Corp holds 0.03% or 451,588 shares in its portfolio. Amer Century Inc accumulated 171,594 shares or 0.01% of the stock. Pacad Ltd has invested 0.12% of its portfolio in Newfield Exploration Co. (NYSE:NFX). Moreover, Acadian Asset Limited Liability Corporation has 0% invested in Newfield Exploration Co. (NYSE:NFX) for 5,069 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 2 sales for $586,591 net activity. Another trade for 50,000 shares valued at $2.05M was sold by Boothby Lee K. $493,820 worth of Newfield Exploration Co. (NYSE:NFX) was sold by Gardner Pamela J. 2,015 shares were sold by Romans Juanita F, worth $92,771. $1.02M worth of Newfield Exploration Co. (NYSE:NFX) was sold by Jasek John H on Thursday, May 26.

Newfield Exploration Company is an independent energy firm engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids . The company has a market cap of $8.22 billion. The Company’s activities are focused primarily on large scale, onshore liquids-rich resource plays in the United States. It currently has negative earnings. The Company’s divisions are the United States and China.

NFX Company Profile

Newfield Exploration Company (Newfield), incorporated on December 5, 1988, is an independent energy firm engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s activities are focused primarily on large scale, onshore liquids-rich resource plays in the United States. The Company’s divisions are the United States and China. The Company’s principal areas of operation are the Anadarko and Arkoma Basins of Oklahoma, the Williston Basin of North Dakota, the Uinta Basin of Utah and the Maverick, and Gulf Coast basins of Texas. In addition, it has oil developments offshore China. The Company’s proved reserves of approximately 510 million barrels of oil equivalents (MMBOE) consist of over 310 MMBOE proved developed producing, over 20 MMBOE proved developed non-producing and over 180 MMBOE proved undeveloped reserves. The Company’s proved liquids reserves are approximately 290 million barrels. Over 71% of its proved liquid reserves are crude oil or condensate. The Company’s proved natural gas reserves are approximately 1,305 billion cubic feet (Bcf). The Firm owns mineral interests in over 454,000 gross and 113,000 net acres.

More news for Newfield Exploration Co. (NYSE:NFX) were recently published by: Bizjournals.com, which released: “Woodlands exploration co. to exit Texas with $390M asset sale” on August 03, 2016. Prnewswire.com‘s article titled: “Newfield Exploration to Present at Upcoming Events” and published on November 07, 2016 is yet another important article.

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