Newfield Exploration (NFX) Jumps: Stock Rises 7.3% - Tale of the Tape

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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).

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ATHLON ENERGY (ATHL): Free Stock Analysis Report

ABRAXAS PETE/NV (AXAS): Free Stock Analysis Report

NEWFIELD EXPL (NFX): Free Stock Analysis Report

WARREN RSRCS (WRES): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ATHL , AXAS , NFX , WRES

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52,748,572
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37,831,986
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32,417,159
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As of 7/28/2014, 04:05 PM