What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with 17 analysts rating it as a buy and only one rating it as a sell. Analysts like Newfield Exploration better than competitor Stone Energy overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared with three months ago.
- Revenue Forecasts: On average, analysts predict $702.3 million in revenue this quarter. That would represent a rise of 56.4% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $1.16 per share. Estimates range from $1.00 to $1.31.
What our community says:
CAPS All-Stars are solidly behind the stock with 98% granting it an "outperform" rating. The community at large backs the All-Stars with 95% giving it a rating of "outperform." Fools are gung-ho about Newfield Exploration, though the message boards have been quiet lately with only 93 posts in the past 30 days. Even with a robust four out of five stars, Newfield Exploration's CAPS rating falls a little short of the community's upbeat outlook.
The company's gross margin shrank by 7.2 percentage points in the last quarter. Revenue rose 38.6% while cost of sales rose 77.4% to $204 million from a year earlier.
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