| Newfield Exploration's Q3 Earnings Beat, Deteriorate Y/Y | |
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Newfield Exploration Co. NFX reported adjusted third-quarter 2015 earnings of 21 cents per share that comfortably beat the Zacks Consensus Estimate of 17 cents. The quarterly earnings, however, decreased almost 60% from the year-ago adjusted profit of 52 cents per share. Newfield Exploration Company (NFX) - Earnings Surprise | FindTheCompany The company’s total revenue plunged 38.2% year over year from $610 million to $377 million. The top line also lagged the Zacks Consensus Estimate of $440 million.
Operational Performance
Total quarterly production of 14.3 million barrels of oil equivalent (MMBoe) comprised 47% oil, 16% natural gas liquids (NGLs) and 37% natural gas.
Natural gas volumes totaled 32.1 billion cubic feet (Bcf). Oil, condensate and NGLs volumes came in at 9.0 million barrels.
Newfield’s third-quarter oil and natural gas price realizations (including the effect of hedges) averaged $36.25 per Boe. Natural gas prices were $3.54 per Mcf, oil prices were $54.31 per barrel, and NGLs prices were $16.79 per barrel.
Recurring lease operating expenses (LOE) were $4.64 per Boe. Production and other taxes were 92 cents per Boe, while general and administrative expenses were $4.68 per Boe.
Financials
At the end of the reported quarter, Newfield had cash balance of $7 million. Long-term debt was $2,498 million, thereby representing a debt-to-capitalization ratio of approximately 55.2%.
Guidance
For 2015, Newfield increased its output projection to 55.3–55.8 MMBoe from 53.5–55.0 MMBoe, while capital spending guidance was reiterated at $1.4 billion.
The company also projects LOE of $308 million, production & other taxes of $58 million and general & administration expenses of $209 million.
Zacks Rank
Newfield Exploration currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space are Natural Gas Services Group Inc. NGS, Midcoast Energy Partners, L.P. MEP and Seadrill Partners L.P SDLP. Each of these stocks sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NEWFIELD EXPL (NFX): Free Stock Analysis Report SEADRILL PTNRS (SDLP): Free Stock Analysis Report NATURAL GAS SVC (NGS): Free Stock Analysis Report MIDCOAST EN PTN (MEP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Natural Gas Services est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Natural Gas Services est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 303,5 millions US$ (284,8 millions €). La valeur de son action a atteint son plus bas niveau récent le 11 août 2023 à 10,00 US$, et son plus haut niveau récent le 18 avril 2024 à 23,38 US$. Natural Gas Services possède 12 982 262 actions en circulation. |