Last $32.77 USD
Change Today -0.41 / -1.24%
Volume 2.9M
NFX On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

newfield exploration co (NFX) Snapshot

Open
$33.15
Previous Close
$33.18
Day High
$33.15
Day Low
$32.26
52 Week High
07/24/14 - $45.43
52 Week Low
01/14/15 - $22.31
Market Cap
5.3B
Average Volume 10 Days
6.4M
EPS TTM
$1.81
Shares Outstanding
162.7M
EX-Date
--
P/E TM
18.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWFIELD EXPLORATION CO (NFX)

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newfield exploration co (NFX) Details

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s primary areas of operation include the Mid-Continent, Rocky Mountains, and onshore Gulf Coast regions in the United States. It also holds offshore oil developments in China. As of December 31, 2014, the company had proved reserves of 645 million barrels of oil equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.

1,331 Employees
Last Reported Date: 02/24/15
Founded in 1988

newfield exploration co (NFX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $577.4K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $778.3K
Senior Vice President of Operations
Total Annual Compensation: $491.2K
Senior Vice President of Development
Total Annual Compensation: $519.0K
Compensation as of Fiscal Year 2013.

newfield exploration co (NFX) Key Developments

Newfield Exploration Mulls Acquisitions

Newfield Exploration Co. (NYSE:NFX) is seeking acquisitions. Lee Boothby, Chairman, President & Chief executive Officer of Newfield Exploration Company, said in Newfield Exploration Company earnings call on being asked about potential acquisitions, “Clearly, there are other areas in the Anadarko Basin that we have an interest in. And I guess we're politely letting everybody out there know that we're in the game. So if opportunities show up there, I promise you Newfield will be in that game.”

Newfield Exploration Company Reports Financial and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production Guidance for the First Quarter and Full Year of 2015

Newfield Exploration Company reported financial results for the fourth quarter and full year ended December 31, 2014. Net income from continuing operations was $2.65 per diluted share, compared to a net loss of $0.12 per share in the fourth quarter of 2013. Excluding special items, net income for the fourth quarter of 2014 was $0.38 per share. Revenues were $495 million, down from $510 million reported for the same period last year. Income from operations was $46 million compared to $126 million a year ago. Income from continuing operations before income taxes was $579 million compared to $52 million a year ago. Income from continuing operations was $367 million compared to loss of $16 million a year ago. Net income was $360 million compared to $17 million a year ago. Diluted earnings per share were $2.60 compared to $0.13 a year ago. Fourth quarter net cash provided by operating activities before changes in operating assets and liabilities was $337 million. Oil, gas and NGL revenues were $495 million compared to $510 million a year ago. For the year, the company's net income was $900 million, or $6.52 per diluted share, compared to $147 million, or $0.94 per diluted share, for the year ended December 31, 2013. Oil, gas and NGL revenues for the year ended December 31, 2014 were $2.29 billion, compared to $1.86 billion for the year ended December 31, 2013. Income from operations was $575 million compared to $450 million a year ago. Income from continuing operations before income taxes was $1,032 million compared to $201 million a year ago. Income from continuing operations was $650 million compared to $73 million a year ago. For the full-year 2014, the company posted net income from continuing operations of $650 million, or $4.71 per share. Net cash provided by operating activities was $1,387 million compared to $1,445 million a year ago. Additions to oil and gas properties and other were $2,095 million compared to $2,023 million a year ago. Acquisitions of oil and gas properties were $33 million compared to $72 million a year ago. The company’s net production in the fourth quarter of 2014 was 12.7 MMBOE, of which approximately 0.3 MMBOE was from the company’s China business. Domestic liquids production in the fourth quarter was up 9% compared to the third quarter of 2014, when adjusted for production associated with asset sales. The composition of fourth quarter total production was 42% oil, 18% natural gas liquids and 40% natural gas. For the full-year 2014, the company’s production was 49.2 MMBOE, of which 0.8 MMBOE was from the company’s discontinued operations in Malaysia. The company provided production and financial guidance for the first quarter and full year of 2015. For 2015, the company expects total production in the range of 52.0 to 55.0 MMBOE, interest expense of $160 million and tax rate of 44%. For the first quarter of 2014, the company expects total production in the range of 12.2 to 112.5 MMBOE, interest expense of $40 million and tax rate of 44%.

Newfield Exploration Company Announces Board Resignations

On February 5, 2015, C.E. (Chuck) Shultz informed Newfield Exploration Company's board of directors that he will retire effective May 14, 2015 and, as a result, not stand for re-election to the board at the company's 2015 annual meeting of stockholders. On that same date, Messrs. Howard H. Newman and Richard K. Stoneburner also informed the board that they will not stand for re-election at the company's 2015 annual meeting to pursue other interests.

 

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NFX

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Valuation NFX Industry Range
Price/Earnings 7.0x
Price/Sales 2.0x
Price/Book 1.2x
Price/Cash Flow 3.0x
TEV/Sales 1.0x
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