BMO Capital Remains a Hold on Newfield

By Ryan Adsit

BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Newfield (NYSE: NFX) on January 11 and set a price target of $36. The company’s shares closed on Friday at $34.75.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 9.0% and a 64.1% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Rice Midstream Partners.

Newfield has an analyst consensus of Moderate Buy, with a price target consensus of $39.27.

Based on Newfield’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $439 million and quarterly net profit of $87 million. In comparison, last year the company earned revenue of $415 million and had a net profit of $13 million.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.

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Newfield Exploration Co. is an independent oil and gas exploration and production company. It engages in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through the United States and China geographical segments. The company was founded by Joe B.