Canaccord Genuity Starts Newfield Exploration (NFX) at Buy
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Imperial Capital Raises Price Target on Newfield Exploration (NFX) to $53; Reiterates Outperform
June 30, 2016 7:21 AM EDTImperial Capital reiterated an Outperform rating on Newfield Exploration (NYSE: NFX), and raised the price target to $53.00 (from $42.00), following a continued reduction in service costs and more efficient operations. As a result Imperial raised its 2016 EPS estimate to $0.42 from $0.19, and 2016 EBITDA estimate to $857.9mn from $789.2mn.
Analyst Kim Pacanovsky commented, "NFX remains one of our top picks as the company builds out one of... More
