Noble Energy (NBL) Set to Announce Quarterly Earnings on Tuesday

Noble Energy (NYSE:NBL) will be issuing its quarterly earnings data before the market opens on Tuesday, May 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.28. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Noble Energy had a negative net margin of 26.27% and a positive return on equity of 1.46%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, analysts expect Noble Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of Noble Energy stock opened at $33.82 on Tuesday. The stock has a market capitalization of $16,621.32, a price-to-earnings ratio of 112.57 and a beta of 1.04. Noble Energy has a fifty-two week low of $22.99 and a fifty-two week high of $34.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27.



Noble Energy declared that its board has authorized a stock repurchase program on Thursday, February 15th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Investors of record on Monday, May 7th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. This is an increase from Noble Energy’s previous quarterly dividend of $0.10. Noble Energy’s dividend payout ratio is 129.03%.

Several research analysts recently weighed in on the stock. Capital One upgraded shares of Noble Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $44.00 price target on shares of Noble Energy in a research report on Tuesday. Deutsche Bank set a $40.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, February 21st. ValuEngine downgraded shares of Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada set a $37.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Noble Energy has an average rating of “Buy” and a consensus price target of $40.86.

In other Noble Energy news, CFO Kenneth M. Fisher sold 7,621 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Craddock sold 8,500 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $31.35, for a total transaction of $266,475.00. Following the completion of the sale, the director now owns 93,413 shares of the company’s stock, valued at approximately $2,928,497.55. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

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Noble Energy Company Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

Earnings History for Noble Energy (NYSE:NBL)

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