Noble Energy, Inc. (NYSE:NBL) – Equities researchers at Mitsubishi UFJ Financial Group issued their FY2021 earnings per share estimates for shares of Noble Energy in a research report issued on Friday, July 12th. Mitsubishi UFJ Financial Group analyst M. Mcallister forecasts that the oil and gas development company will post earnings of $0.10 per share for the year. Mitsubishi UFJ Financial Group currently has a “Overweight” rating and a $34.00 price target on the stock.
Noble Energy (NYSE:NBL) last announced its earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. Noble Energy had a negative net margin of 19.63% and a positive return on equity of 2.05%. The firm’s revenue for the quarter was down 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share.
A number of other analysts have also recently issued reports on NBL. Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. TD Securities upped their target price on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. set a €118.00 ($137.21) price objective on Deutsche Boerse and gave the company a “neutral” rating in a research note on Monday, April 29th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Finally, UBS Group set a $34.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.07.
Shares of NYSE NBL opened at $22.74 on Monday. The firm has a market cap of $10.87 billion, a PE ratio of 25.27 and a beta of 1.44. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. Noble Energy has a 52-week low of $17.11 and a 52-week high of $36.53. The firm has a 50-day moving average price of $21.43.
Hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in Noble Energy by 0.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 87,750 shares of the oil and gas development company’s stock valued at $2,170,000 after purchasing an additional 472 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in Noble Energy by 1.2% in the 1st quarter. Eagle Boston Investment Management Inc. now owns 42,833 shares of the oil and gas development company’s stock valued at $1,059,000 after purchasing an additional 524 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in Noble Energy by 24.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,071 shares of the oil and gas development company’s stock valued at $76,000 after purchasing an additional 600 shares in the last quarter. Bank of Hawaii increased its stake in Noble Energy by 2.8% in the 1st quarter. Bank of Hawaii now owns 22,692 shares of the oil and gas development company’s stock valued at $561,000 after purchasing an additional 611 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in Noble Energy by 0.3% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 277,925 shares of the oil and gas development company’s stock valued at $6,873,000 after purchasing an additional 726 shares in the last quarter. 99.06% of the stock is owned by institutional investors and hedge funds.
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.