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Enter Symbol:
Newfield Exploration Company (NFX) [hlAlert]

down 36.04 %

Newfield Exploration Company (NFX) rated Outperform by Wells Fargo

Posted on: Thursday,  Oct 15, 2009  11:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Newfield Exploration Company (NYSE: NFX) on 10/15/2009, when the stock price was $48.00. Since
then, Newfield Exploration Company has lost 36.04% as of 01/21/2016's recent price of $30.70.
If you would have followed this Wells Fargo's recommendation on NFX, you would have lost 36.04% of your investment in 2289 days.

Newfield Exploration Company explores, develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling, balance between exploration and the acquisition and exploitation of proved properties, strong geographic focus, control of operations/low cost structure, and use of 3-D seismic.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2009 11:25 AM Buy
as of 12/31/2009
1 Week up  35.51 %
1 Month up  61.63 %
3 Months up  42.37 %
1 YTD up  42.37 %

(*) Stock Price at the time of the recommendation.
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