Noble Energy Inc. (NYSE:NBL) – Equities research analysts at Jefferies Group lowered their Q4 2017 earnings estimates for shares of Noble Energy in a report issued on Wednesday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas development company will earn $0.09 per share for the quarter, down from their previous estimate of $0.11. Jefferies Group has a “Buy” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for Noble Energy’s Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $0.84 EPS.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. Noble Energy had a negative net margin of 17.75% and a negative return on equity of 0.44%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $974.54 million. During the same period in the prior year, the firm posted ($0.53) EPS. The company’s quarterly revenue was up 43.1% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Jefferies Group Brokers Decrease Earnings Estimates for Noble Energy Inc. (NBL)” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://sportsperspectives.com/2017/07/21/jefferies-group-brokers-decrease-earnings-estimates-for-noble-energy-inc-nbl.html.
A number of other research analysts have also recently commented on NBL. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 target price on shares of Noble Energy in a research report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price target on shares of Noble Energy in a report on Friday, July 14th. Cowen and Company set a $35.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $47.00 price target on shares of Noble Energy in a report on Tuesday, May 23rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Noble Energy in a report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.31.
Shares of Noble Energy (NYSE:NBL) traded down 1.60% during midday trading on Thursday, hitting $28.27. 1,398,486 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $28.53 and its 200-day moving average is $33.51. The stock’s market cap is $12.18 billion. Noble Energy has a 1-year low of $26.56 and a 1-year high of $42.03.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Noble Energy by 2,679.8% in the first quarter. BlackRock Inc. now owns 30,020,041 shares of the oil and gas development company’s stock worth $1,030,889,000 after buying an additional 28,940,088 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Noble Energy by 22.6% in the first quarter. Artisan Partners Limited Partnership now owns 6,663,944 shares of the oil and gas development company’s stock worth $228,840,000 after buying an additional 1,227,939 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Noble Energy by 3.9% in the first quarter. Vanguard Group Inc. now owns 29,999,741 shares of the oil and gas development company’s stock worth $1,030,192,000 after buying an additional 1,117,646 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Noble Energy by 34.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,106,603 shares of the oil and gas development company’s stock worth $106,677,000 after buying an additional 793,657 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Noble Energy by 46.8% in the first quarter. Alliancebernstein L.P. now owns 2,419,404 shares of the oil and gas development company’s stock worth $83,082,000 after buying an additional 771,714 shares in the last quarter. Institutional investors own 96.84% of the company’s stock.
Noble Energy Company Profile
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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