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4-Traders Homepage  >  Equities  >  Nyse  >  Newfield Exploration Co.    NFX

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Analysis summary4-Traders Strategies

The correction could continue

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11/09/2012 | 02:55pm

In a bearish trend, Newfield Exploration continues to decline and going to down again.

The fundamental situation of the company remains fragile. Currently, the company is trading 2.46 times its sales, which is still a significant valuation for the company.

Technically, the share is in a downward trend. The moving averages are decreasing and are still above prices, thereby stopping any rebounds. The security is going toward the USD 23.7 support, a level that will represent the first target.

Taking into account fundamental and technical elements, investors can initiate a short position with a price target at USD 23.7. A return towards USD 30.11, the short-term resistance area, will invalidate the bearish strategy, which justifies a stop loss.


© Zonebourse.com 2012
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The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Company
Operates as an oil and gas exploration companyNewfield Exploration Co. is an independent oil and gas exploration and production company.It engages in the exploration, development and production of crude oil, natural gas and natural gas liquids.It operates through the United States and China... 
Sector
Oil & Gas Exploration and Production
Calendar
08/01 | 10:01pmEarnings Release
Financials ($)
Sales 2017 1 797 M
EBIT 2017 523 M
Net income 2017 469 M
Debt 2017 2 137 M
Yield 2017 -
P/E ratio 2017 11,60
P/E ratio 2018 10,20
EV / Sales 2017 4,16x
EV / Sales 2018 3,44x
Capitalization 5 338 M
Chart NEWFIELD EXPLORATION CO.
Duration : Period : Day
Newfield Exploration Co. Technical Analysis Chart | NFX | US6512901082 | 4-Traders
Duration : Period : Week
Newfield Exploration Co. Technical Analysis Chart | NFX | US6512901082 | 4-Traders
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