NFX near 52 week lows
Posted: Wed Mar 07, 2018 9:53 am
Any thoughts???
In the last 3 months, 16 ranked analysts set 12-month price targets for NFX. The average price target among the analysts is $38.29.
Since the company released Q4 results on 2/20, 8 highly respected energy sector analysts have submitted updated forecasts/valuations to Reuters (First Call). Seven rate NFX a BUY and one rates it a HOLD. Price targets range from $29 to $50 (quite a large spread for a company of this quality).
I updated my forecast/valuation model for NFX on 2/21 and you can download it from the EPG website. Since then First Call estimates for Revenue, EPS and operating CFSP have moved very close to my forecast, so I feel good about my valuation of $52.00
FC estimates for 2018 are:
Revenue of $2,277 Million
EPS of $2.93
CFPS of $6.33
FC estimates for 2019 are:
Revenue of $2,600 Million
EPS of $3.67
CFPS of $7.40
NFX is on my short list for an updated profile. I will move it to the top of the list.
I do think that some analysts still think of NFX as a "gasser", but a high percentage of their revenues comes from liquid sales. Also, it is not in the Permian Basin and Wall Street is "ga-ga" over the Permian and not much else.