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.
), Warren Resources Inc.
) and Abraxas Petroleum Corp.
). 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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. Click to get this free report >>ATHLON ENERGY (ATHL): Free Stock Analysis ReportABRAXAS PETE/NV (AXAS): Free Stock Analysis ReportNEWFIELD EXPL (NFX): Free Stock Analysis ReportWARREN RSRCS (WRES): Free Stock Analysis ReportTo read this article on Zacks.com click here.