Analyzing Noble Energy (NBL) & The Competition
Noble Energy (NYSE: NBL) is one of 247 publicly-traded companies in the “Oil & Gas Exploration and Production” industry, but how does it compare to its competitors? We will compare Noble Energy to similar businesses based on the strength of its analyst recommendations, dividends, risk, institutional ownership, earnings, profitability and valuation.
Volatility & Risk
Noble Energy has a beta of 1.18, indicating that its share price is 18% more volatile than the S&P 500. Comparatively, Noble Energy’s competitors have a beta of 1.43, indicating that their average share price is 43% more volatile than the S&P 500.
Earnings & Valuation
This table compares Noble Energy and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Noble Energy||$3.49 billion||-$998.00 million||-6.93|
|Noble Energy Competitors||$1.68 billion||-$366.38 million||141.49|
Noble Energy has higher revenue, but lower earnings than its competitors. Noble Energy is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current ratings for Noble Energy and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Noble Energy Competitors||1450||7506||12174||258||2.53|
Noble Energy currently has a consensus price target of $40.48, indicating a potential upside of 46.44%. As a group, “Oil & Gas Exploration and Production” companies have a potential upside of 31.84%. Given Noble Energy’s stronger consensus rating and higher possible upside, analysts clearly believe Noble Energy is more favorable than its competitors.
This table compares Noble Energy and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Noble Energy Competitors||-427.50%||-1.21%||2.00%|
Noble Energy pays an annual dividend of $0.40 per share and has a dividend yield of 1.4%. Noble Energy pays out -10.0% of its earnings in the form of a dividend. As a group, “Oil & Gas Exploration and Production” companies pay a dividend yield of 1.6% and pay out 187.0% of their earnings in the form of a dividend.
Insider & Institutional Ownership
91.6% of Noble Energy shares are held by institutional investors. Comparatively, 61.0% of shares of all “Oil & Gas Exploration and Production” companies are held by institutional investors. 2.3% of Noble Energy shares are held by company insiders. Comparatively, 12.1% of shares of all “Oil & Gas Exploration and Production” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Noble Energy beats its competitors on 8 of the 15 factors compared.
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. The Company’s portfolio of assets is diversified through the United States and international projects and production mix among crude oil, natural gas and NGLs. Its business focuses on both the United States unconventional basins and certain global conventional basins.
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