Stocks To Watch: Eyes On Newfield Exploration Company (NFX), Western Digital Corporation (WDC)

The last few days have been rough for Newfield Exploration Company (NYSE:NFX), as its price has decreased by -3.89% during the week. It has also performed poorly over the past three months, as it lost around -36.95% while it has so far retreated around -44.99% during the course of a year. The price of the stock went down by -$0.42 now trading at $16.81. Their shares witnessed a 0.48% increase from the 52-week low price of $16.73 they recorded on 2018-12-06. Even though it is still -109.4% behind the $35.2 high touched on 2018-01-09. The stock of NFX recorded -46.69% downtrend from the beginning of this year till date. The 12-month potential price target for Newfield Exploration Company is set at $35.17. This target means that the stock has an upside potential to increase by 109.22% from the current trading price.

When giving their opinion, around 57.14% of Wall Street analysts, which represents 16 out of 28 rated the stock as a Buy. 12 brokerage firms of the remaining 42.86% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate NFX shares held by institutional investors represents 0% of total shares. 62 institutions entered new Newfield Exploration Company (NYSE:NFX) positions, 230 added to their existing positions in these shares, 200 lowered their positions, and 45 exited their positions entirely.

Newfield Exploration Company (NFX) trade volume has increased by 54.72% as around 10,523,100 shares were sold when compared with its 50-day average volume of traded shares which is 6,801,448. At the moment, NFX is witnessing a downtrend, as it is trading -12.07% below its 20-day SMA, -25.7% below its 50-day SMA, and -35.83% below its 200-day SMA. The company runs an ROE of roughly 32.6%, with financial analysts predicting that their earnings per share growth will be around 30.12% per annum for the next five year. This will be compared to the 17.9% increase witnessed over the past five years.

The first technical resistance point for Newfield Exploration Company (NYSE:NFX) will likely come at $17.05, marking a 1.41% premium to the current level. The second resistance point is at $17.29, about 2.78% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $15.89, the lower end of the range. NFX’s 14-day MACD is -0.63 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 33.75, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 53.18 percent, which is low when compared to that of the 50-day’s 61.05 percent.

The shares of Western Digital Corporation (NASDAQ:WDC) has increased by 1.3%, and now trading at $43.6 on the Wall Street in the intra-day deal, with their shares traded now around 6,676,577. This is a rise of 553,763 shares over the average 6,122,814 shares that were traded daily over the last three months. The stock that is trading at $43.6 went higher by 7.44% from its 52-week low of $40.58 that it attained back on 2018-10-30. The stock recorded a 52-week high of $106.96 nearly 266 days ago on 2018-03-16.

WDC stock hasn’t performed well over the past 30 days, as it lost -9.84% while its price plunged by -45.18% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -9.45% over the last week. The stock’s 12-month potential target price is now at $69.16. This means that the stock price might likely increase by 58.62% from its current trading price.11 out of 30 Wall Street analysts which represents 36.67% rated the stock as a buy while the remaining 63.33 rated it as a hold, with 0 of analysts rating it as a sell.

Western Digital Corporation (NASDAQ:WDC) has been utilizing an ROE that is roughly 4.4%, with stock analysts predicting that the company’s EPS for the next five years will go down by -2.7% per year, following the 12.3% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -5.97% below its 20-day SMA, -13.9% below its 50-day SMA, and -39.74% below its 200-day SMA. In percentage terms, the aggregate Western Digital Corporation shares held by institutional investors is 86.2%. 66 institutions jumped in to acquire Western Digital Corporation (WDC) fresh stake, 360 added to their current holdings in these shares, 409 lowered their positions, and 150 left no stake in the company.

The stock’s 9-day MACD is -1.89 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 36.83, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 48.58 percent, which is less when compared to that of the 50-day’s 63.13 percent. On the daily chart, we see that the stock could reach the first level of resistance at $44.13, sporting a 1.2% premium to the current level. The next resistance point is at $44.66, representing nearly 2.37% premium to the current market price of Western Digital Corporation (WDC). On the other hand, failure to breach the immediate hurdles can drag it down to $41.6, the lower end of the range.