Noble Energy (NBL) Scheduled to Post Quarterly Earnings on Thursday
Noble Energy (NYSE:NBL) is scheduled to be announcing its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $1.37 billion for the quarter.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis.
Noble Energy (NYSE:NBL) opened at 73.28 on Wednesday. Noble Energy has a 1-year low of $42.975 and a 1-year high of $67.26. The stock has a 50-day moving average of $63.29 and a 200-day moving average of $59.7. The company has a market cap of $26.308 billion and a price-to-earnings ratio of 23.69.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 18th. Investors of record on Monday, November 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%.
A number of research firms have recently commented on NBL. Analysts at Guggenheim raised their price target on shares of Noble Energy from $75.00 to $77.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at Wunderlich raised their price target on shares of Noble Energy from $72.00 to $84.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Noble Energy from $45.00 to $46.00 in a research note to investors on Friday, October 18th. They now have a “positive” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.22.
In other Noble Energy news, CEO Charles D. Davidson sold 15,600 shares of Noble Energy stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $69.50, for a total value of $1,084,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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