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Newfield Exploration Co (NYSE:NFX)
3-Year Buyback Ratio
-0.50 (As of Sep. 2014)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

NFX' s 10-Year Buyback Ratio Range
Min: -0.3   Max: -9.4
Current: -0.5

During the past 13 years, Newfield Exploration Co's highest 3-Year Average Share Buyback Ratio was -9.40. The lowest was -0.30. And the median was -3.30.

NFX's Buyback Ratiois ranked higher than
92% of the 903 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.30 vs. NFX: -0.50 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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