Newfield Stock Falls On Unusually High Volume (NFX)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Wednesday with 9.2 million shares changing hands. It is currently at four times its average daily volume and trading down $5.25 (-12.4%) at $37 as of 2:55 p.m. ET.
Newfield has a market cap of $5.37 billion and is part of the
sector and
industry. Shares are up 12% year to date as of the close of trading on Tuesday.
Newfield Exploration Company, an independent oil and gas company, engages in the acquisition, exploration, and development of oil and gas properties primarily in the United States. The company has a P/E ratio of 11.5, above the average energy industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Newfield as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full
.
See all heavy volume stocks in our
stocks moving on unusual volume list
or get investment ideas from our
.
Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting
HVDOWN
to 95370 or select from
.
null