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 Monday as it is currently trading at $19.74, below its previous 52-week low of $19.78 with one million shares traded as of 12:05 p.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Newfield has a market cap of $2.82 billion and is part of the basic materials sector and energy industry. Shares are down 25.2% year to date as of the close of trading on Friday.

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its areas of operation include the Mid-Continent, the Rocky Mountains, and onshore Gulf Coast, as well as Malaysia and China.

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TheStreet Ratings rates Newfield as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Newfield Ratings Report.

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