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 Thursday with 3.5 million shares changing hands. It is currently at two times its average daily volume and trading down $1.64 (-5.5%) at $28.15 as of 3:15 p.m. ET.

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Newfield has a market cap of $3.98 billion and is part of the basic materials sector and energy industry. Shares are up 9.9% year to date as of the close of trading on Wednesday.

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 13.9, 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 reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. 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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