Newfield Stock Hits New 52-Week Low (NFX)

NEW YORK ( TheStreet) -- Newfield Exploration Company (NYSE: NFX) hit a new 52-week low Tuesday as it is currently trading at $34.38, below its previous 52-week low of $34.42 with 65,748 shares traded as of 9:35 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Newfield has a market cap of $5.37 billion and is part of the basic materials sector and energy industry. Shares are down 7.1% year to date as of the close of trading on Monday.

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 8.9, below 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and increase in net income. 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 Newfield Ratings Report.

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