Taking a Fresh Look at Newfield Exploration Company (NFX)

Newfield Exploration Company (NFX) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $26.73, up from yesterday’s close by 2.37%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Newfield Exploration Company (NFX) currently trades with a market capitalization of $5.42 Billion. That value represents a market adjusting for revenues that have been growing by 11.99 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$142 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.63 on a per share basis this quarter. Perhaps, that suggests something about why 1.88% of the outstanding share supply is held by institutional investors.



Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Newfield Exploration Company recorded a 52-week high of $43.74. It is now trading 17.01% off that level. The stock is trading $31.28 its 50-day moving average by 4.55%. The stock carved out a 52-week low down at $24.41.

In recent action, Newfield Exploration Company (NFX) has made a move of -22.14% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.35, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.72% with $198.16 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NFX.

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