Analysts expect that Noble Energy, Inc. (NYSE:NBL) will report earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Noble Energy’s earnings, with estimates ranging from $0.14 to $0.50. Noble Energy reported earnings per share of ($0.05) in the same quarter last year, which would suggest a positive year over year growth rate of 600%. The business is scheduled to announce its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that Noble Energy will report full year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.47 to $1.81. For the next fiscal year, analysts anticipate that the business will report earnings of $1.38 per share, with EPS estimates ranging from $0.72 to $2.39. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Noble Energy.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 positive return on equity of 1.46% and a negative net margin of 26.27%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS.
In other news, Director James E. Craddock sold 8,500 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $31.35, for a total transaction of $266,475.00. Following the completion of the transaction, the director now owns 93,413 shares of the company’s stock, valued at approximately $2,928,497.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth M. Fisher sold 7,621 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.80, for a total value of $219,484.80. Following the transaction, the chief financial officer now directly owns 197,144 shares of the company’s stock, valued at approximately $5,677,747.20. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Noble Energy by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 723,594 shares of the oil and gas development company’s stock worth $20,521,000 after purchasing an additional 1,854 shares in the last quarter. Lucas Capital Management increased its holdings in Noble Energy by 18.7% in the 4th quarter. Lucas Capital Management now owns 12,700 shares of the oil and gas development company’s stock worth $372,000 after purchasing an additional 2,000 shares in the last quarter. Ellington Management Group LLC increased its holdings in Noble Energy by 12.6% in the 4th quarter. Ellington Management Group LLC now owns 17,900 shares of the oil and gas development company’s stock worth $522,000 after purchasing an additional 2,000 shares in the last quarter. Cadence Capital Management LLC increased its holdings in Noble Energy by 13.8% in the 3rd quarter. Cadence Capital Management LLC now owns 18,123 shares of the oil and gas development company’s stock worth $514,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its holdings in Noble Energy by 9.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 26,124 shares of the oil and gas development company’s stock worth $761,000 after purchasing an additional 2,296 shares in the last quarter. 95.71% of the stock is owned by institutional investors and hedge funds.
Noble Energy (NBL) traded down $0.07 on Thursday, reaching $29.63. The company had a trading volume of 782,459 shares, compared to its average volume of 5,557,556. The company has a market cap of $14,854.35, a P/E ratio of -12.34 and a beta of 1.10. Noble Energy has a twelve month low of $22.99 and a twelve month high of $35.74. 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 approved a share repurchase program on Thursday, February 15th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, February 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. Noble Energy’s dividend payout ratio (DPR) is currently -16.74%.
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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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