Newfield Exploration (NFX) Stock Jumps After Reporting Quarterly Results - TheStreet

NEW YORK (TheStreet) -- Shares of Newfield Exploration (NFX) were gaining 12.6% to $33.09 Wednesday after beating analysts' estimates for earnings and revenue.

The oil and gas company reported earnings of 52 cents a share for the third quarter, beating the 50 cents a share analysts surveyed by Thomson Reuters expected. Revenue grew 25.5% from the year-ago quarter to $610 million, beating analysts' estimates of $582.48 million for the third quarter.

Newfield said that net production from continuing operations in the quarter was about 12.7 million barrels of oil equivalent, about 0.5 million barrels above its quarterly guidance. Domestic liquid production increased 7% from the previous quarter, and 38% from the year-ago quarter.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates NEWFIELD EXPLORATION CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NEWFIELD EXPLORATION CO (NFX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk."

You can view the full analysis from the report here: NFX Ratings Report

NFX data by YCharts

Image placeholder title

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.