Switch to:
GuruFocus has detected 2 Warning Signs with Newfield Exploration Co $NFX.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Newfield Exploration Co (NYSE:NFX)
3-Year Average Share Buyback Ratio
-13.40 (As of Dec. 2016)

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 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -13.4   Max: -0.1
Current: -13.4

-13.4
-0.1

During the past 13 years, Newfield Exploration Co's highest 3-Year Average Share Buyback Ratio was -0.10. The lowest was -13.40. And the median was -5.15.

NFX's 3-Year Average Share Buyback Ratio is ranked lower than
60% of the 365 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.80 vs. NFX: -13.40 )

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

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK