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


Shutterstock photo

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 >>

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

To read this article on click here.

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

This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: ATHL , AXAS , NFX , WRES

More from


Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by