Newfield Stock Falls On Unusually High Volume (NFX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Newfield Exploration Company (NYSE: NFX) is trading at unusually high volume Wednesday with 8.4 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down $3.97 (-11.9%) at $29.35 as of 12:45 p.m. ET.

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Newfield has a market cap of $4.58 billion and is part of the basic materials sector and energy industry. Shares are down 11.7% year to date as of the close of trading on Tuesday.

Newfield Exploration Company, an independent energy company, engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It has operations in the Mid-Continent, the Rocky Mountains, and onshore Texas, as well as in Malaysia and China. The company has a P/E ratio of 7.8, equal to the average energy industry P/E ratio 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 revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Newfield Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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