Noble Energy Inc. (NBL) Set to Announce Quarterly Earnings on Monday
Noble Energy Inc. (NYSE:NBL) is set to issue its quarterly earnings data before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, analysts expect Noble Energy to post $-0.14 EPS for the current fiscal year and $0.02 EPS for the next fiscal year.
Noble Energy Inc. (NBL) traded down 0.522% during mid-day trading on Monday, hitting $27.615. The stock had a trading volume of 1,255,970 shares. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The stock has a 50-day moving average price of $26.98 and a 200 day moving average price of $28.62. The firm’s market cap is $13.03 billion.
NBL has been the subject of a number of recent research reports. BMO Capital Markets set a $33.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies reduced their price target on Noble Energy from $47.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Cowen and Company set a $35.00 price target on Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Scotiabank set a $38.00 price target on Noble Energy and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley raised their price target on Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have assigned 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 an average target price of $40.76.
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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