Noble Energy Inc. (NYSE:NBL) Scheduled to Post Earnings on Thursday
Noble Energy Inc. (NYSE:NBL) is set to release its earnings data before the market opens on Thursday, August 3rd. Analysts expect Noble Energy to post earnings of ($0.12) per share for the quarter.
Noble Energy (NYSE:NBL) last released its earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. Noble Energy had a negative return on equity of 0.44% and a negative net margin of 17.75%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $974.54 million. During the same period in the previous year, the firm posted ($0.53) EPS. Noble Energy’s revenue for the quarter was up 43.1% on a year-over-year basis. On average, analysts expect Noble Energy to post $-0.25 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.
Noble Energy Inc. (NYSE NBL) traded up 1.50% on Thursday, reaching $29.07. The company had a trading volume of 1,682,582 shares. Noble Energy Inc. has a 12 month low of $26.56 and a 12 month high of $42.03. The stock’s market capitalization is $12.53 billion. The firm has a 50-day moving average of $28.50 and a 200-day moving average of $33.22.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -25.48%.
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NBL has been the topic of a number of analyst reports. Seaport Global Securities lowered Noble Energy from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $36.00 to $23.00 in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of Noble Energy in a research report on Thursday, July 20th. Jefferies Group LLC set a $40.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Evercore ISI reaffirmed an “outperform” rating and set a $40.00 target price on shares of Noble Energy in a research report on Tuesday, May 2nd. Finally, BidaskClub lowered Noble Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $42.11.
Noble Energy Company Profile
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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