Analysts See $0.86 EPS for Newfield Exploration Company (NFX); Nuveen Credit Strategies Income Fund Has 1.07 Sentiment

Newfield Exploration Company (NYSE:NFX) Logo

Nuveen Credit Strategies Income Fund (JQC) investors sentiment increased to 1.07 in 2018 Q3. It’s up 0.02, from 1.05 in 2018Q2. The ratio is better, as 45 active investment managers increased or opened new positions, while 42 sold and reduced equity positions in Nuveen Credit Strategies Income Fund. The active investment managers in our database reported: 47.54 million shares, up from 47.04 million shares in 2018Q2. Also, the number of active investment managers holding Nuveen Credit Strategies Income Fund in top ten positions decreased from 5 to 4 for a decrease of 1. Sold All: 14 Reduced: 28 Increased: 32 New Position: 13.

Analysts expect Newfield Exploration Company (NYSE:NFX) to report $0.86 EPS on February, 19.They anticipate $0.15 EPS change or 21.13% from last quarter’s $0.71 EPS. NFX’s profit would be $170.34 million giving it 4.96 P/E if the $0.86 EPS is correct. After having $1.01 EPS previously, Newfield Exploration Company’s analysts see -14.85% EPS growth. The stock increased 4.40% or $0.72 during the last trading session, reaching $17.07. About 6.83M shares traded. Newfield Exploration Company (NYSE:NFX) has declined 45.91% since February 14, 2018 and is downtrending. It has underperformed by 45.91% the S&P500. Some Historical NFX News: 15/05/2018 – Bridgewater Adds Biogen, Exits Costco, Buys More Newfield: 13F; 26/03/2018 – NEWFIELD EXPLORATION – CREDIT AGREEMENT ADDED MECHANICS TO INCREASE COMMITMENTS SO LONG AS COMMITMENTS UNDER CREDIT FACILITY NOT EXCEED $2.75 BLN; 25/04/2018 – STELLAR DIAMONDS – COURT SANCTIONED SCHEME TO EFFECT ACQUISITION BY NEWFIELD RESOURCES LIMITED ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF STELLAR; 16/03/2018 – S&PGR Revises Newfield Exploration Outlook To Pos; Rtgs Aff’d; 26/03/2018 – NEWFIELD EXPLORATION CO – CREDIT AGREEMENT EXTENDED MATURITY FROM JUNE 25, 2020 TO MAY 1, 2023; 26/03/2018 – NEWFIELD EXPLORATION SAYS CREDIT AGREEMENT INCREASED AGGREGATE COMMITMENTS FROM $1.8 BLN TO $2 BLN; 21/05/2018 – NEWFIELD EXPLORATION CO NFX.N : UBS RAISES TARGET PRICE TO $35 FROM $30; 01/05/2018 – Newfield Exploration 1Q Net $86M; 02/04/2018 – Fidelity Select Natural Gas Adds Newfield, Cuts Conoco; 01/05/2018 – NEWFIELD 1Q ADJ EPS 82C, EST. 75C

Restructuring Capital Associates Lp holds 20.89% of its portfolio in Nuveen Credit Strategies Income Fund for 3.60 million shares. Saba Capital Management L.P. owns 8.68 million shares or 3.56% of their US portfolio. Moreover, Financial & Investment Management Group Ltd has 3.46% invested in the company for 1.32 million shares. The Illinois-based Rivernorth Capital Management Llc has invested 2.77% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 729,387 shares.

More notable recent Nuveen Credit Strategies Income Fund (NYSE:JQC) news were published by: Seekingalpha.com which released: “Junk bond rally brings return of leveraged dividend – Seeking Alpha” on February 12, 2019, also Seekingalpha.com with their article: “Nuveen Credit Strategies Income Fund: The Best ‘Junk’ For Your Money – Seeking Alpha” published on January 11, 2019, Seekingalpha.com published: “A Time To Short Senior Loans, Nuveen Credit Strategies Income Fund – Seeking Alpha” on January 04, 2019. More interesting news about Nuveen Credit Strategies Income Fund (NYSE:JQC) were released by: Businesswire.com and their article: “Nuveen Credit Strategies Income Fund Announces Capital Return Plan – Business Wire” published on December 17, 2018 as well as Seekingalpha.com‘s news article titled: “U.S. junk bonds post best January since 2009 – Seeking Alpha” with publication date: February 01, 2019.

It closed at $7.72 lastly. It is up 7.95% since February 14, 2018 and is downtrending. It has underperformed by 7.95% the S&P500.

Since January 1, 0001, it had 3 buys, and 0 selling transactions for $2.31 million activity.

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The company has market cap of $1.05 billion. The fund is managed by Symphony Asset Management, LLC. It has a 23.61 P/E ratio. It invests in the fixed income and public equity markets of the United States.

Since September 27, 2018, it had 0 buys, and 1 insider sale for $472,766 activity. 16,161 shares were sold by Boothby Lee K, worth $472,766.

Among 8 analysts covering Newfield Exploration (NYSE:NFX), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Newfield Exploration had 11 analyst reports since September 26, 2018 according to SRatingsIntel. RBC Capital Markets downgraded the shares of NFX in report on Friday, November 2 to “Sector Perform” rating. SunTrust maintained it with “Hold” rating and $23 target in Monday, October 29 report. The stock of Newfield Exploration Company (NYSE:NFX) has “Neutral” rating given on Friday, November 2 by Citigroup. The firm earned “Equal-Weight” rating on Tuesday, November 20 by Morgan Stanley. The stock of Newfield Exploration Company (NYSE:NFX) earned “Overweight” rating by PiperJaffray on Friday, September 28. Morgan Stanley maintained the shares of NFX in report on Monday, November 5 with “Equal-Weight” rating. Morgan Stanley maintained Newfield Exploration Company (NYSE:NFX) on Wednesday, September 26 with “Equal-Weight” rating. The stock of Newfield Exploration Company (NYSE:NFX) has “Equal-Weight” rating given on Friday, October 12 by Morgan Stanley. The firm has “Buy” rating given on Sunday, November 25 by Stifel Nicolaus. On Monday, December 10 the stock rating was downgraded by Seaport Global to “Neutral”.

Investors sentiment increased to 1.29 in 2018 Q3. Its up 0.38, from 0.91 in 2018Q2. It is positive, as 27 investors sold Newfield Exploration Company shares while 122 reduced holdings. 70 funds opened positions while 122 raised stakes. 188.73 million shares or 2.24% less from 193.06 million shares in 2018Q2 were reported. New Amsterdam Prtn Ltd Llc New York holds 0.42% or 56,789 shares. Public Employees Retirement System Of Ohio holds 107,923 shares or 0.02% of its portfolio. Fernwood Inv Management Ltd Liability reported 30,800 shares. Gateway Inv Advisers Ltd Co, a Ohio-based fund reported 9,553 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 41,719 shares in its portfolio. Nordea Management reported 0.04% in Newfield Exploration Company (NYSE:NFX). Jane Street Gru Limited, New York-based fund reported 12,980 shares. Kbc Group Nv reported 0.01% in Newfield Exploration Company (NYSE:NFX). Landscape Capital Ltd Liability Corporation invested in 0.06% or 26,451 shares. Contravisory Inv Management Inc accumulated 10,104 shares. Washington Savings Bank invested in 0% or 770 shares. Savings Bank Of Montreal Can stated it has 0.01% in Newfield Exploration Company (NYSE:NFX). Corecommodity Ltd Company stated it has 52,855 shares. M&T Bankshares Corp accumulated 8,591 shares. Northwestern Mutual Wealth Management Co accumulated 0% or 1,919 shares.

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has market cap of $3.38 billion. The company’s principal areas of operation include the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah. It has a 6.54 P/E ratio. It also holds oil producing assets offshore China.

Newfield Exploration Company (NYSE:NFX) Institutional Positions Chart

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