Newfield Stock Hits New 52-Week Low (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) hit a new 52-week low Wednesday as it is currently trading at $23.66, below its previous 52-week low of $23.71 with 849,738 shares traded as of 12:55 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Newfield has a market cap of $3.27 billion and is part of the basic materials sector and energy industry. Shares are down 36.1% 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 11.4, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Newfield as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Newfield Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

ECB's Draghi May Be Ready to Change Course, but the BOJ Is in It for the Long Haul: Market Recon

Here Are the Best Energy Stocks to Buy Even if Oil Plunges to $20

Bullish and Bearish Reversals in the Market

Continental Resources to Sell Oklahoma Oil and Gas Assets