Noble Energy (NYSE:NBL) last announced its earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. Noble Energy had a negative net margin of 17.75% and a negative return on equity of 0.44%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $974.54 million. During the same quarter in the previous year, the company posted ($0.53) EPS. The firm’s quarterly revenue was up 43.1% on a year-over-year basis. On average, analysts expect Noble Energy to post $-0.3 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.
Noble Energy Inc. (NYSE:NBL) is scheduled to be announcing its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Shares of Noble Energy Inc. (NYSE NBL) opened at 28.42 on Wednesday. The firm’s 50-day moving average is $28.51 and its 200 day moving average is $32.95. Noble Energy Inc. has a 52 week low of $26.56 and a 52 week high of $42.03. The firm’s market cap is $12.25 billion.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, August 3rd. Noble Energy’s dividend payout ratio is currently -25.48%.
NBL has been the subject of a number of research analyst reports. Barclays PLC restated an “overweight” rating and issued a $41.00 price target (down previously from $46.00) on shares of Noble Energy in a research report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $48.00 price target on shares of Noble Energy in a research report on Tuesday, April 25th. Credit Suisse Group restated a “buy” rating and issued a $44.00 price target on shares of Noble Energy in a research report on Thursday, April 27th. Evercore ISI restated an “outperform” rating and issued a $40.00 price target on shares of Noble Energy in a research report on Tuesday, May 2nd. Finally, Scotiabank restated a “hold” rating and issued a $38.00 price target on shares of Noble Energy in a research report on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $42.11.
About Noble Energy
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.