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Newfield Exploration Co (NYSE:NFX)
3-Year Average Buyback Ratio
-0.70 (As of Sep. 2015)

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: -9.4   Max: -0.3
Current: -0.7

-9.4
-0.3

During the past 13 years, Newfield Exploration Co's highest 3-Year Average Share Buyback Ratio was -0.30. The lowest was -9.40. And the median was -3.75.

NFX's 3-Year Average Buyback Ratio is ranked higher than
77% of the 364 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.40 vs. NFX: -0.70 )

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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