Brokerages Expect Noble Energy, Inc. (NBL) to Post $0.18 Earnings Per Share

Equities analysts expect Noble Energy, Inc. (NYSE:NBL) to announce earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Noble Energy’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.39. Noble Energy reported earnings of $0.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 43.8%. The firm is scheduled to issue its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that Noble Energy will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.81 to $1.17. For the next year, analysts expect that the business will post earnings of $1.23 per share, with EPS estimates ranging from ($0.22) to $2.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Noble Energy.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Noble Energy’s quarterly revenue was up 32.6% on a year-over-year basis.

Several analysts have weighed in on NBL shares. KLR Group reissued a “buy” rating and issued a $61.00 target price on shares of Noble Energy in a report on Monday, August 20th. Piper Jaffray Companies reissued an “overweight” rating on shares of Noble Energy in a report on Friday, September 28th. TD Securities set a $43.00 target price on Noble Energy and gave the company a “buy” rating in a report on Sunday, August 5th. Morgan Stanley set a $38.00 target price on Noble Energy and gave the company a “hold” rating in a report on Friday, October 12th. Finally, Raymond James raised Noble Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average price target of $41.54.

NBL stock traded down $0.53 on Friday, reaching $23.74. 4,975,945 shares of the company’s stock were exchanged, compared to its average volume of 6,214,474. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $11.64 billion, a PE ratio of 76.58, a P/E/G ratio of 2.46 and a beta of 1.08. Noble Energy has a twelve month low of $23.49 and a twelve month high of $37.76.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, November 2nd. Noble Energy’s payout ratio is currently 141.94%.

In related news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total transaction of $250,935,264.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.96% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of NBL. Advisors Preferred LLC acquired a new stake in shares of Noble Energy during the second quarter valued at $126,000. Whittier Trust Co. acquired a new stake in shares of Noble Energy during the second quarter valued at $163,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Noble Energy during the second quarter valued at $200,000. Ingalls & Snyder LLC acquired a new stake in shares of Noble Energy during the second quarter valued at $202,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Noble Energy during the second quarter valued at $204,000. 99.00% of the stock is currently owned by institutional investors and hedge funds.

About Noble Energy

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.

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