Noble Energy Inc. (NYSE:NBL) – Equities research analysts at Seaport Global Securities issued their Q2 2017 earnings per share estimates for shares of Noble Energy in a report released on Tuesday. Seaport Global Securities analyst M. Kelly forecasts that the brokerage will earn $0.03 per share for the quarter. Seaport Global Securities has a “Neutral” rating and a $36.00 price objective on the stock. Seaport Global Securities also issued estimates for Noble Energy’s FY2017 earnings at $0.48 EPS.

NBL has been the subject of several other research reports. Vetr upgraded shares of Noble Energy from a “hold” rating to a “strong-buy” rating and set a $44.50 price objective for the company in a research report on Monday, December 26th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price objective on shares of Noble Energy in a research report on Wednesday, October 19th. Bank of America Corporation restated a “hold” rating on shares of Noble Energy in a research report on Thursday, November 17th. Nomura restated a “buy” rating and issued a $41.00 price objective on shares of Noble Energy in a research report on Thursday, November 17th. Finally, BMO Capital Markets raised shares of Noble Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $45.00 to $50.00 in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Noble Energy has an average rating of “Buy” and an average target price of $43.69.

Earnings History and Estimates for Noble Energy (NYSE:NBL)

“Noble Energy Inc. (NBL) to Post Q2 2017 Earnings of $0.03 Per Share, Seaport Global Securities Forecasts” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this report can be accessed at http://www.watchlistnews.com/noble-energy-inc-nbl-to-post-q2-2017-earnings-of-0-03-per-share-seaport-global-securities-forecasts/1120809.html.

Shares of Noble Energy (NYSE:NBL) traded down 0.29% during mid-day trading on Thursday, hitting $37.36. The company had a trading volume of 1,909,156 shares. Noble Energy has a one year low of $27.85 and a one year high of $42.03. The firm’s 50-day moving average price is $38.87 and its 200 day moving average price is $36.80. The company’s market capitalization is $16.06 billion.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Monday, February 13th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.36. Noble Energy had a negative return on equity of 2.51% and a negative net margin of 28.59%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $0.44 earnings per share. Noble Energy’s quarterly revenue was up 17.4% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Monday, February 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, February 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.07%. Noble Energy’s dividend payout ratio is -17.24%.

In other news, VP Gary W. Willingham sold 15,958 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $40.00, for a total transaction of $638,320.00. Following the completion of the transaction, the vice president now directly owns 122,897 shares in the company, valued at approximately $4,915,880. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael A. Cawley sold 3,000 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $39.51, for a total transaction of $118,530.00. Following the transaction, the director now owns 38,387 shares of the company’s stock, valued at $1,516,670.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,593 shares of company stock valued at $10,020,282. Company insiders own 2.17% of the company’s stock.

“Noble Energy Inc. (NBL) to Post Q2 2017 Earnings of $0.03 Per Share, Seaport Global Securities Forecasts” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this report can be accessed at http://www.watchlistnews.com/noble-energy-inc-nbl-to-post-q2-2017-earnings-of-0-03-per-share-seaport-global-securities-forecasts/1120809.html.

Several institutional investors have recently bought and sold shares of NBL. Northern Trust Corp increased its stake in shares of Noble Energy by 1.1% in the third quarter. Northern Trust Corp now owns 4,912,477 shares of the oil and gas development company’s stock worth $175,572,000 after buying an additional 55,629 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Noble Energy by 1,977.1% in the third quarter. DnB Asset Management AS now owns 759,044 shares of the oil and gas development company’s stock worth $27,128,000 after buying an additional 722,500 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Noble Energy by 1.9% in the third quarter. Shell Asset Management Co. now owns 34,730 shares of the oil and gas development company’s stock worth $1,241,000 after buying an additional 648 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Noble Energy by 1,369.6% in the second quarter. Macquarie Group Ltd. now owns 214,560 shares of the oil and gas development company’s stock worth $7,696,000 after buying an additional 199,960 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Noble Energy by 13.1% in the third quarter. BlackRock Group LTD now owns 5,073,604 shares of the oil and gas development company’s stock worth $181,332,000 after buying an additional 588,316 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

5 Day Chart for NYSE:NBL

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