Noble Energy, Inc. (NYSE:NBL) – Analysts at Jefferies Financial Group lowered their Q1 2019 earnings per share estimates for shares of Noble Energy in a note issued to investors on Monday, April 22nd, according to Zacks Investment Research. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas development company will post earnings of ($0.07) per share for the quarter, down from their prior forecast of ($0.02). Jefferies Financial Group also issued estimates for Noble Energy’s Q3 2019 earnings at $0.00 EPS, FY2019 earnings at ($0.02) EPS, Q3 2020 earnings at $0.11 EPS and FY2020 earnings at $0.39 EPS.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Noble Energy had a positive return on equity of 2.05% and a negative net margin of 19.63%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue was down 18.2% compared to the same quarter last year.
NBL traded down $0.65 on Wednesday, reaching $23.85. 2,846,115 shares of the stock were exchanged, compared to its average volume of 5,540,862. Noble Energy has a fifty-two week low of $17.11 and a fifty-two week high of $37.76. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $11.72 billion, a P/E ratio of 26.50 and a beta of 1.38.
Institutional investors and hedge funds have recently modified their holdings of the business. Cleararc Capital Inc. purchased a new position in Noble Energy in the first quarter valued at $290,000. Horizon Investments LLC purchased a new position in shares of Noble Energy during the first quarter worth about $281,000. CWM Advisors LLC grew its holdings in shares of Noble Energy by 48.4% during the first quarter. CWM Advisors LLC now owns 19,506 shares of the oil and gas development company’s stock worth $482,000 after purchasing an additional 6,359 shares during the last quarter. Morgan Stanley grew its holdings in shares of Noble Energy by 1.5% during the first quarter. Morgan Stanley now owns 1,022,260 shares of the oil and gas development company’s stock worth $25,281,000 after purchasing an additional 15,500 shares during the last quarter. Finally, Putnam FL Investment Management Co. grew its holdings in shares of Noble Energy by 2.6% during the first quarter. Putnam FL Investment Management Co. now owns 161,657 shares of the oil and gas development company’s stock worth $3,998,000 after purchasing an additional 4,114 shares during the last quarter. Institutional investors and hedge funds own 98.57% of the company’s stock.
In other news, Director James E. Craddock sold 9,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total transaction of $212,580.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.81% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a $0.12 dividend. This is a boost from Noble Energy’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, May 3rd. Noble Energy’s dividend payout ratio is currently 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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