Analyzing Noble Energy (NBL) & Its Competitors
Noble Energy (NYSE: NBL) is one of 260 publicly-traded companies in the “Oil & Gas Exploration and Production” industry, but how does it weigh in compared to its peers? We will compare Noble Energy to similar companies based on the strength of its valuation, risk, analyst recommendations, profitability, dividends, earnings and institutional ownership.
Noble Energy pays an annual dividend of $0.40 per share and has a dividend yield of 1.4%. Noble Energy pays out -10.0% of its earnings in the form of a dividend. As a group, “Oil & Gas Exploration and Production” companies pay a dividend yield of 1.6% and pay out 191.0% of their earnings in the form of a dividend.
Risk and Volatility
Noble Energy has a beta of 1.18, suggesting that its share price is 18% more volatile than the S&P 500. Comparatively, Noble Energy’s peers have a beta of 1.33, suggesting that their average share price is 33% more volatile than the S&P 500.
Insider and Institutional Ownership
91.6% of Noble Energy shares are owned by institutional investors. Comparatively, 61.1% of shares of all “Oil & Gas Exploration and Production” companies are owned by institutional investors. 2.3% of Noble Energy shares are owned by company insiders. Comparatively, 12.1% of shares of all “Oil & Gas Exploration and Production” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This table compares Noble Energy and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Noble Energy Competitors||-427.61%||-1.34%||1.99%|
This is a summary of recent recommendations and price targets for Noble Energy and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Noble Energy Competitors||1468||7634||12317||262||2.52|
Noble Energy presently has a consensus target price of $40.48, suggesting a potential upside of 43.03%. As a group, “Oil & Gas Exploration and Production” companies have a potential upside of 32.04%. Given Noble Energy’s stronger consensus rating and higher possible upside, equities analysts plainly believe Noble Energy is more favorable than its peers.
Valuation & Earnings
This table compares Noble Energy and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Noble Energy||$3.49 billion||-$998.00 million||-7.09|
|Noble Energy Competitors||$1.89 billion||-$443.16 million||39.44|
Noble Energy has higher revenue, but lower earnings than its peers. Noble Energy is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Noble Energy beats its peers on 9 of the 15 factors compared.
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. The Company’s portfolio of assets is diversified through the United States and international projects and production mix among crude oil, natural gas and NGLs. Its business focuses on both the United States unconventional basins and certain global conventional basins.
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