Newfield Exploration Co. (NFX) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.69 to $26.33 in the past one-month time frame.
The company has seen a mixed track record. There have been estimate revisions of one increase and two decreases over the past few 30 days, while the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
Newfield Exploration currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the independent oil and gas industry include Athlon Energy Inc. (ATHL), Warren Resources Inc. (WRES) and Abraxas Petroleum Corp. (AXAS). While Athlon Energy and Warren Resources sport a Zacks Rank #1 (Strong Buy), Abraxas Petroleum has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Be the first to comment