Noble Energy Inc. (NYSE:NBL) – Equities research analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for Noble Energy in a research note issued to investors on Wednesday. Jefferies Group analyst M. Lear now expects that the oil and gas development company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.02. Jefferies Group currently has a “Hold” rating and a $29.00 price target on the stock. Jefferies Group also issued estimates for Noble Energy’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.24 EPS and Q3 2019 earnings at $0.28 EPS.
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 consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. During the same period last year, the business posted ($0.07) EPS. The company’s revenue was up 5.5% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/11/03/noble-energy-inc-to-post-q1-2018-earnings-of-0-05-per-share-jefferies-group-forecasts-nbl.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. Noble Energy’s payout ratio is -10.03%.
A number of hedge funds have recently added to or reduced their stakes in NBL. Ares Management LLC acquired a new stake in Noble Energy in the 2nd quarter valued at about $499,364,000. Capital World Investors raised its holdings in Noble Energy by 20.8% in the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after acquiring an additional 9,488,951 shares during the last quarter. Vanguard Group Inc. raised its holdings in Noble Energy by 29.8% in the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after acquiring an additional 8,933,476 shares during the last quarter. Carmignac Gestion raised its holdings in Noble Energy by 107.3% in the 2nd quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock valued at $332,635,000 after acquiring an additional 6,084,237 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in Noble Energy in the 2nd quarter valued at about $75,546,000. Institutional investors own 91.56% of the company’s stock.
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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