Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Noble Energy (NYSE:NBL) Share Price
Media coverage about Noble Energy (NYSE:NBL) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Noble Energy earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the oil and gas development company an impact score of 45.9978339280732 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Technicals on Watch For Noble Energy Inc (NBL) – Sparta Review (spartareview.com)
- Noble Energy Announces Pricing of Offering of $600 Million of Senior Notes Due 2028 and $500 Million of Senior … – BOE Report (press release) (boereport.com)
- Noble Energy Commences Tender Offer for Its 8.25% Senior Notes Due 2019 – GlobeNewswire (press release) (globenewswire.com)
- Noble Energy Announces Pricing of Offering of $600 Million of Senior Notes Due 2028 and $500 Million of Senior … – GlobeNewswire (press release) (globenewswire.com)
- What Wall Street Recommends for Noble Energy after Q2 Earnings (finance.yahoo.com)
Shares of Noble Energy (NYSE NBL) traded down 1.42% on Thursday, hitting $24.92. 5,916,254 shares of the stock traded hands. Noble Energy has a 52 week low of $24.84 and a 52 week high of $42.03. The firm’s 50 day moving average is $27.83 and its 200 day moving average is $32.39. The firm’s market capitalization is $11.76 billion.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned ($0.24) earnings per share. The firm’s revenue was up 25.0% compared to the same quarter last year. On average, analysts expect that Noble Energy will post ($0.19) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. Noble Energy’s dividend payout ratio (DPR) is presently -9.90%.
Several equities research analysts recently commented on NBL shares. Bank of America Corporation started coverage on shares of Noble Energy in a research report on Tuesday, May 23rd. They issued a “buy” rating and a $49.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price target on shares of Noble Energy in a research report on Friday, May 26th. ValuEngine downgraded shares of Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Barclays PLC upped their price target on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Scotiabank restated a “hold” rating and issued a $38.00 price target on shares of Noble Energy in a research report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $41.34.
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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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