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NFX

Newfield Exploration

$42.57

-0.57 (-1.32%)

06:29
10/17/16
10/17
06:29
10/17/16
06:29

Newfield taking 'cautious' approach on Scoop and Stack formation, Bloomberg says

Newfield Exploration CEO Lee Boothby says the company will take a "cautious" approach to drilling the Scoop and Stack oil formation in Oklahoma, Bloomberg reports. Boothby says he wants crude prices to rise higher before ramping up production, and says Newfield may eventually sell its Bakken assets in North Dakota as a way to finance development. Reference Link

  • 02

    Nov

NFX Newfield Exploration
$42.57

-0.57 (-1.32%)

08/05/16
LEHM
08/05/16
DOWNGRADE
Target $44
LEHM
Equal Weight
Newfield Exploration downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Thomas Driscoll downgraded Newfield Exploration to Equal Weight saying the shares are fully valued following the recent outperformance. The analyst upped his price target for the stock to $44 from $35.
08/05/16
KLRG
08/05/16
DOWNGRADE
Target $47
KLRG
Hold
Newfield Exploration downgraded to Hold from Accumulate at KLR Group
KLR Group analyst John Gerdes downgraded Newfield Exploration to Hold citing valuation. The analyst lowered his price target for the shares to $47 from $48.
08/29/16
WILL
08/29/16
INITIATION
Target $58
WILL
Buy
Newfield Exploration initiated with a Buy at Williams Capital
Williams Capital analyst Gabriele Sorbara started Newfield Exploration with a Buy rating and $58 price target.
10/14/16
EVER
10/14/16
DOWNGRADE
Target $52
EVER
Hold
Newfield Exploration downgraded to Hold from Buy at Evercore ISI
Evercore ISI analyst Stephen Richardson downgraded Newfield Exploration to Hold citing more balanced risk/reward and maintained its $52 price target on shares.

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