Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Noble Energy (NBL) Stock Price
Headlines about Noble Energy (NYSE:NBL) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noble Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the oil and gas development company an impact score of 47.1359911493946 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- BRIEF-Noble Energy sets quarterly cash dividend of $0.10/share (feeds.reuters.com)
- Noble Energy Inc. (NYSE:NBL) Announces Quarterly Dividend of $0.10 (americanbankingnews.com)
- Noble Energy Inc. (NYSE:NBL) Expected to Post Earnings of -$0.11 Per Share (americanbankingnews.com)
- Seaport Global Cuts Rating On Noble Energy Inc. (NBL) (techzolix.com)
- Placing the Spotlight on Noble Energy Inc (NBL): Technical Stock Update – Evergreen Caller (evergreencaller.com)
Several analysts have commented on the stock. Citigroup Inc. decreased their target price on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada reissued a “buy” rating and issued a $38.00 target price on shares of Noble Energy in a research report on Thursday, July 20th. Cowen and Company set a $35.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Stifel Nicolaus reissued a “buy” rating and issued a $39.00 target price on shares of Noble Energy in a research report on Friday, July 14th. Finally, Scotiabank reissued a “hold” rating and issued a $38.00 target price on shares of Noble Energy in a research report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Noble Energy has an average rating of “Buy” and an average target price of $42.11.
Shares of Noble Energy (NYSE:NBL) traded up 3.02% during midday trading on Tuesday, reaching $29.03. 2,334,495 shares of the company’s stock traded hands. Noble Energy has a 52-week low of $26.56 and a 52-week high of $42.03. The stock has a 50 day moving average of $28.51 and a 200-day moving average of $33.32. The stock’s market cap is $12.51 billion.
Noble Energy (NYSE:NBL) last posted its earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. Noble Energy had a negative return on equity of 0.44% and a negative net margin of 17.75%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $974.54 million. During the same quarter last year, the firm earned ($0.53) earnings per share. The company’s revenue was up 43.1% on a year-over-year basis. On average, equities research analysts expect that Noble Energy will post ($0.20) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. Noble Energy’s dividend payout ratio is currently -25.48%.
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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.
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