Noble Energy (NYSE:NBL) is set to issue its quarterly earnings data before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
Shares of Noble Energy (NYSE NBL) opened at $26.28 on Friday. Noble Energy has a 52 week low of $22.99 and a 52 week high of $37.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $12,831.83, a PE ratio of -6.59 and a beta of 1.14.
Noble Energy announced that its board has authorized a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the oil and gas development company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, February 9th. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.
In other Noble Energy news, CFO Kenneth M. Fisher sold 7,621 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.80, for a total transaction of $219,484.80. Following the transaction, the chief financial officer now owns 197,144 shares in the company, valued at approximately $5,677,747.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gary W. Willingham bought 30,000 shares of Noble Energy stock in a transaction on Wednesday, November 29th. The shares were purchased at an average price of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. 2.28% of the stock is owned by insiders.
NBL has been the subject of a number of recent research reports. Barclays lowered their target price on Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 16th. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Noble Energy in a research note on Friday, November 17th. Scotiabank set a $35.00 target price on Noble Energy and gave the company a “hold” rating in a research note on Saturday, November 25th. Stifel Nicolaus set a $41.00 target price on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Cowen set a $40.00 target price on Noble Energy and gave the company a “buy” rating in a research note on Sunday, December 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $37.53.
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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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