Noble Energy Inc. (NYSE:NBL) – Seaport Global Securities issued their Q3 2017 earnings per share (EPS) estimates for Noble Energy in a research report issued on Monday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly anticipates that the oil and gas development company will post earnings of ($0.11) per share for the quarter. Seaport Global Securities has a “Neutral” rating and a $26.00 price objective on the stock. Seaport Global Securities also issued estimates for Noble Energy’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.22) EPS and Q3 2018 earnings at ($0.15) EPS.
Other equities research analysts have also issued research reports about the company. Citigroup Inc. lowered their target price on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank of Canada restated a “buy” rating and set a $38.00 price target on shares of Noble Energy in a report on Thursday, July 20th. 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. Stifel Nicolaus restated a “buy” rating and set a $39.00 price target on shares of Noble Energy in a report on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating and set a $32.00 price target (down previously from $36.00) on shares of Noble Energy in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.66.
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Noble Energy (NYSE:NBL) traded down $0.34 during midday trading on Wednesday, hitting $28.11. The stock had a trading volume of 3,410,200 shares, compared to its average volume of 5,217,708. Noble Energy has a 12 month low of $22.99 and a 12 month high of $42.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $13,843.98, a price-to-earnings ratio of 118.54 and a beta of 1.18.
Noble Energy (NYSE:NBL) last released its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $961.61 million. During the same quarter in the previous year, the company posted ($0.07) EPS. Noble Energy’s revenue for the quarter was up 5.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. Noble Energy’s payout ratio is -10.03%.
In other news, Director James E. Craddock sold 18,787 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the transaction, the director now directly owns 114,226 shares of the company’s stock, valued at approximately $3,263,436.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.28% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Noble Energy by 0.4% in the 1st quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock worth $434,000 after purchasing an additional 52 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Noble Energy by 5.5% in the 1st quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock worth $100,000 after purchasing an additional 153 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Noble Energy by 1.0% in the 2nd quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock worth $451,000 after purchasing an additional 163 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Noble Energy by 3.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock worth $259,000 after purchasing an additional 293 shares in the last quarter. Finally, Norway Savings Bank increased its stake in shares of Noble Energy by 1.9% in the 2nd quarter. Norway Savings Bank now owns 15,985 shares of the oil and gas development company’s stock worth $452,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.
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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