Noble Energy (NBL) Receiving Somewhat Positive Media Coverage, Report Finds
Press coverage about Noble Energy (NYSE:NBL) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Noble Energy earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the oil and gas development company an impact score of 46.0737865029204 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Noble Energy Continues to Divest, Sells Assets for $340M – Nasdaq (nasdaq.com)
- Noble Energy (NBL) PT Set at $41.00 by Stifel Nicolaus (americanbankingnews.com)
- Comparing Noble Energy (NBL) and Range Resources (RRC) (americanbankingnews.com)
- Black Stone’s Magic: $340 Million Pries Minerals From Noble Energy (oilandgasinvestor.com)
Shares of Noble Energy (NYSE:NBL) traded up $0.06 during midday trading on Wednesday, reaching $25.91. The company had a trading volume of 3,949,200 shares, compared to its average volume of 5,151,744. The stock has a market capitalization of $12,580.00, a price-to-earnings ratio of 108.29 and a beta of 1.18. Noble Energy has a 52-week low of $22.99 and a 52-week high of $42.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
Noble Energy (NYSE:NBL) last issued its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. Noble Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. sell-side analysts anticipate that Noble Energy will post -0.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. Noble Energy’s dividend payout ratio is currently -10.03%.
Several analysts recently weighed in on the company. Stifel Nicolaus set a $39.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Mizuho reiterated a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Imperial Capital started coverage on shares of Noble Energy in a report on Thursday, September 28th. They issued an “outperform” rating and a $40.00 target price for the company. Jefferies Group downgraded shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a report on Monday, October 9th. Finally, Morgan Stanley boosted their target price on shares of Noble Energy from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Noble Energy currently has an average rating of “Buy” and an average target price of $40.60.
In related news, Director James E. Craddock sold 18,787 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total value of $536,744.59. Following the sale, the director now owns 114,226 shares in the company, valued at $3,263,436.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Edelman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. 2.28% of the stock is owned by corporate insiders.
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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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