Noble Energy, Inc. (NYSE:NBL) – Analysts at Capital One Financial lowered their FY2018 earnings estimates for Noble Energy in a research note issued on Monday, December 3rd. Capital One Financial analyst P. Johnston now forecasts that the oil and gas development company will post earnings of $0.96 per share for the year, down from their previous forecast of $1.01. Capital One Financial also issued estimates for Noble Energy’s Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.24 EPS and Q4 2019 earnings at $0.31 EPS.
NBL has been the subject of a number of other research reports. Piper Jaffray Companies reiterated an “overweight” rating on shares of Noble Energy in a research report on Friday, September 28th. Morgan Stanley set a $38.00 price target on shares of Noble Energy and gave the stock a “hold” rating in a research note on Friday, October 12th. Oppenheimer assumed coverage on shares of Noble Energy in a research note on Wednesday, October 3rd. They issued a “market perform” rating and a $43.00 price target on the stock. KLR Group reissued a “buy” rating and set a $61.00 target price on shares of Noble Energy in a research report on Monday, August 20th. Finally, Citigroup lowered their target price on shares of Noble Energy from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $41.48.
NBL opened at $23.84 on Wednesday. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 76.90, a PEG ratio of 2.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. Noble Energy has a 1-year low of $23.22 and a 1-year high of $37.76.
Noble Energy (NYSE:NBL) last posted its earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company earned ($0.02) earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were paid a $0.11 dividend. The ex-dividend date was Friday, November 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.85%. Noble Energy’s dividend payout ratio (DPR) is currently 141.94%.
In related news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.75, for a total value of $250,935,264.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.96% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NBL. Advisors Preferred LLC acquired a new position in Noble Energy during the 2nd quarter worth approximately $126,000. Piedmont Investment Advisors LLC acquired a new position in Noble Energy during the 2nd quarter worth approximately $200,000. Ingalls & Snyder LLC acquired a new position in Noble Energy during the 2nd quarter worth approximately $202,000. Chicago Equity Partners LLC acquired a new position in Noble Energy during the 2nd quarter worth approximately $204,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Noble Energy during the 2nd quarter worth approximately $207,000. 98.77% of the stock is owned by hedge funds and other institutional investors.
Noble Energy Company Profile
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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