Jefferies Upgrades Newfield Exploration

[wilmawatts]

Analyst Actions: Jefferies Upgrades Newfield Exploration to Buy from Hold with $53 PT

MIDNIGHT TRADER 12:53 PM ET 1/17/2017

[dan_s]

The reason you pay me the Big Bucks is to see the value of these companies before the Wall Street Gang does. Jefferies is way to low on their price target for NFX.

[wilmawatts]

*Jefferies is way to low on their price target for NFX *

Agreed, they will have to come back to the table and reaffirm their rating and up the target, which helps visibility

[dan_s]

For all of the Sweet 16, along with Q4 results we will get year-end reserve reports. They are extremely important to Wall Street analysts. Valuations of proven reserves should go way up because higher oil, gas and NGL prices combine with much lower completed well costs to extend the economic lives of wells and increase the PV10 value of PUD locations.

Also, many Wall Street firms do not extend their forecast models beyond the current year + 1 until they see capex plans and production guidance.