Noble Energy (NBL) Posts Quarterly Results
Noble Energy (NYSE:NBL) announced its earnings results on Thursday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07, StockRatingsNetwork reports. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis.
A number of analysts have recently weighed in on NBL shares. Analysts at Guggenheim raised their price target on shares of Noble Energy from $80.00 to $88.00 in a research note on Wednesday. On the ratings front, analysts at Global Hunter Securities downgraded shares of Noble Energy to a “neutral” rating in a research note on Monday. Finally, analysts at KLR Group downgraded shares of Noble Energy from a “buy” rating to an “accumulate” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $75.28.
Noble Energy (NYSE:NBL) traded up 1.19% on Thursday, hitting $75.96. 1,239,538 shares of the company’s stock traded hands. Noble Energy has a 52 week low of $55.06 and a 52 week high of $78.01. The stock’s 50-day moving average is $69.67 and its 200-day moving average is $68.97. The company has a market cap of $27.403 billion and a price-to-earnings ratio of 27.84.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 19th. Shareholders of record on Monday, May 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Noble Energy’s previous quarterly dividend of $0.14.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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