NFX
Posted: Wed Dec 23, 2015 11:41 am
Cantor Fitzgerald began coverage of Newfield Exploration Co. (NFX) with a BUY rating and $42 price target.
"Newfield has solid liquidity and manageable debt maturities - combined with a robust hedge profile, we believe Newfield is an attractive investment in a depressed commodity environment," the firm said in an analyst note. The company's program at the Anadarko basin has made impressive progress and is considered one of the top areas in the basin", the firm added. Cantor Fitzgerald analysts expect positive momentum from the basin to continue into 2016.
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My valuation of NFX is $55.50. It is one of the top companies focused on the STACK play in Oklahoma where they are getting great well results. - Dan
"Newfield has solid liquidity and manageable debt maturities - combined with a robust hedge profile, we believe Newfield is an attractive investment in a depressed commodity environment," the firm said in an analyst note. The company's program at the Anadarko basin has made impressive progress and is considered one of the top areas in the basin", the firm added. Cantor Fitzgerald analysts expect positive momentum from the basin to continue into 2016.
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My valuation of NFX is $55.50. It is one of the top companies focused on the STACK play in Oklahoma where they are getting great well results. - Dan