Just the Facts on 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 $23.30, down from yesterday’s close by -0.30%. 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 $4.68 Billion. That value represents a market adjusting for revenues that have been growing by 22.65 % 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 hold steady in coming quarters. Analysts are forecasting earnings of $0.72 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

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Newfield Exploration Company recorded a 52-week high of $37.61. It is now trading 14.31% off that level. The stock is trading $29.26 its 50-day moving average by 5.96%. The stock carved out a 52-week low down at $22.72.

In recent action, Newfield Exploration Company (NFX) has made a move of -10.32% 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 17.8, 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 7.49% with $198.48 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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