Deutsche Bank Downgrades Newfield Exploration (NFX) to Hold; Tough 2012 Outlook
Tweet
Share
E-mailGet Alerts NFX Hot Sheet
Price: $25.73 -0.35%
Rating Summary:
19 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Deutsche Bank downgraded Newfield Exploration (NYSE: NFX) from Buy to Hold with a revised price target of $45.00.
Deutsche analyst says, "FY11 results and the FY12 outlook from NFX highlighted what we expected to be a tough print as reduced activity stemmed operating momentum. While clearly a transition year, we have viewed the 2012 outlook as palatable as an inventory of uncompleted wells and retrenchment into core regions would mitigate risks to the outlook. With 'flat' production now expected for 2012, focus shifting to a 'new' play, and the liquids growth outlook in 2013 still a key question we cut our rating to Hold."
For an analyst ratings summary and ratings history on Newfield Exploration click here. For more ratings news on Newfield Exploration click here.
Shares of Newfield Exploration closed at $42.00 yesterday.
Deutsche analyst says, "FY11 results and the FY12 outlook from NFX highlighted what we expected to be a tough print as reduced activity stemmed operating momentum. While clearly a transition year, we have viewed the 2012 outlook as palatable as an inventory of uncompleted wells and retrenchment into core regions would mitigate risks to the outlook. With 'flat' production now expected for 2012, focus shifting to a 'new' play, and the liquids growth outlook in 2013 still a key question we cut our rating to Hold."
For an analyst ratings summary and ratings history on Newfield Exploration click here. For more ratings news on Newfield Exploration click here.
Shares of Newfield Exploration closed at $42.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities
- Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
Create E-mail Alert Related Categories
Analyst EPS View, Analyst PT Change, DowngradesRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
