Noble Energy, Inc. (NYSE:NBL) – Equities research analysts at KeyCorp issued their Q1 2021 earnings per share (EPS) estimates for Noble Energy in a research report issued to clients and investors on Wednesday, February 12th. KeyCorp analyst L. Mariani forecasts that the oil and gas development company will earn $0.15 per share for the quarter. KeyCorp also issued estimates for Noble Energy’s Q2 2021 earnings at $0.03 EPS, Q3 2021 earnings at $0.11 EPS, Q4 2021 earnings at $0.15 EPS and FY2021 earnings at $0.43 EPS.

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Noble Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Wells Fargo & Co upped their price target on Noble Energy from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. TD Securities reduced their price target on Noble Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna Bancshares began coverage on Noble Energy in a research note on Tuesday, January 14th. They issued a “positive” rating and a $27.00 price target on the stock. Finally, MKM Partners reduced their price target on Noble Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. Noble Energy presently has an average rating of “Buy” and an average price target of $30.25.

NYSE:NBL traded down $0.10 during mid-day trading on Friday, reaching $19.50. The stock had a trading volume of 203,145 shares, compared to its average volume of 5,875,467. The firm has a 50 day moving average price of $22.14 and a two-hundred day moving average price of $21.80. The stock has a market capitalization of $9.42 billion, a P/E ratio of 21.67 and a beta of 1.43. Noble Energy has a one year low of $18.90 and a one year high of $28.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.55 and a current ratio of 0.55.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Wednesday, February 12th. The oil and gas development company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.10 billion. Noble Energy had a negative return on equity of 0.82% and a negative net margin of 25.33%. Noble Energy’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share.

Several institutional investors have recently modified their holdings of NBL. Cornerstone Advisors Inc. raised its position in Noble Energy by 208.0% during the third quarter. Cornerstone Advisors Inc. now owns 1,189 shares of the oil and gas development company’s stock worth $27,000 after acquiring an additional 803 shares in the last quarter. Calamos Advisors LLC bought a new position in Noble Energy during the 4th quarter valued at $29,000. Quest Capital Management Inc. ADV bought a new position in Noble Energy during the 3rd quarter valued at $30,000. Duncker Streett & Co. Inc. bought a new position in Noble Energy during the 4th quarter valued at $35,000. Finally, Bridger Capital Management LLC bought a new position in Noble Energy during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

In related news, Director Scott D. Urban acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $20.38 per share, for a total transaction of $305,700.00. Following the transaction, the director now directly owns 48,118 shares of the company’s stock, valued at approximately $980,644.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Edelman sold 200,000 shares of Noble Energy stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $23.98, for a total value of $4,796,000.00. Following the transaction, the director now owns 3,368,284 shares of the company’s stock, valued at $80,771,450.32. The disclosure for this sale can be found here. 1.81% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 10th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, February 7th. Noble Energy’s dividend payout ratio is presently 53.33%.

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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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