News headlines about Noble Energy (NYSE:NBL) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Noble Energy earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the oil and gas development company an impact score of 47.0753829018548 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s analysis:
- US GoM Lease Sale Nets More Than $178 Million In High Bids (epmag.com)
- Morgan Stanley Analysts Give Noble Energy (NBL) a $36.00 Price Target (americanbankingnews.com)
- Edited Transcript of NBL earnings conference call or presentation 3-Aug-18 1:00pm GMT (finance.yahoo.com)
- Sundance Energy Australia (SDCJF) vs. Noble Energy (NBL) Head to Head Comparison (americanbankingnews.com)
- Citigroup Lowers Noble Energy (NBL) Price Target to $42.00 (americanbankingnews.com)
A number of research firms recently weighed in on NBL. Mizuho lowered shares of Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Monday, August 6th. Johnson Rice raised shares of Noble Energy from an “accumulate” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, April 25th. Jefferies Financial Group set a $46.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a report on Tuesday, August 7th. ValuEngine raised shares of Noble Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $44.00 price target on shares of Noble Energy in a report on Friday, August 3rd. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Noble Energy presently has an average rating of “Buy” and a consensus price target of $41.79.
NBL stock opened at $28.77 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76. Noble Energy has a 52 week low of $22.99 and a 52 week high of $37.76. The firm has a market cap of $14.77 billion, a P/E ratio of 92.81, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07.
Noble Energy (NYSE:NBL) last released its earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.05 EPS. Noble Energy’s revenue for the quarter was up 16.1% on a year-over-year basis. research analysts expect that Noble Energy will post 1.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Monday, August 6th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, August 3rd. Noble Energy’s dividend payout ratio is currently 141.94%.
In related news, VP Gary W. Willingham sold 24,646 shares of the stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $37.50, for a total transaction of $924,225.00. Following the transaction, the vice president now owns 194,640 shares of the company’s stock, valued at approximately $7,299,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Andrea Lee Robison sold 8,760 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $37.00, for a total transaction of $324,120.00. Following the transaction, the vice president now directly owns 100,918 shares in the company, valued at approximately $3,733,966. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,508,406 shares of company stock worth $136,022,595. 1.96% of the stock is owned by insiders.
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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