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Newfield Exploration Co (NYSE:NFX)
3-Year Average Buyback Ratio
-6.50 (As of Jun. 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 Buyback Ratio Range Over the Past 10 Years
Min: -12.1   Max: -0.5
Current: -6.5

-12.1
-0.5

During the past 13 years, Newfield Exploration Co's highest 3-Year Average Share Buyback Ratio was -0.50. The lowest was -12.10. And the median was -3.60.

NFX's 3-Year Average Buyback Ratio is ranked higher than
56% of the 365 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.20 vs. NFX: -6.50 )

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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