About Noble Energy
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. The Company operates in over seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. Its sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). Its proved reserves are approximately 1,420 million barrels oil equivalent.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: Oil & Gas Exploration & Production
- Exchange: NYSE
- Symbol: NBL
- CUSIP: 65504410
- Previous Close: $37.05
- 50 Day Moving Average: $38.77
- 200 Day Moving Average: $36.92
- 52-Week Range: $27.85 - $42.03
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 91.56
- P/E Growth: -15.66
- Market Cap: $16.22B
- Outstanding Shares: 432,027,000
- Beta: 1.16
- Net Margins: -28.59%
- Return on Equity: -2.51%
- Return on Assets: -1.09%
Companies Related to Noble Energy:
- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 1.82%
- Quick Ratio: 1.82%
What is Noble Energy's stock symbol?
Noble Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "NBL."
How often does Noble Energy pay dividends? What is the dividend yield for Noble Energy?
Noble Energy declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.10 per share on Tuesday, February 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 2nd.
Where is Noble Energy's stock going? Where will Noble Energy's stock price be in 2017?
25 analysts have issued twelve-month price objectives for Noble Energy's shares. Their predictions range from $11.00 to $67.00. On average, they anticipate Noble Energy's stock price to reach $43.65 in the next twelve months.
When will Noble Energy announce their earnings?
Noble Energy is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Noble Energy stock?
Here are some recent quotes from research analysts about Noble Energy stock:
- KLR Group analysts commented, "We are increasing our target price $1 to $67 per share driven by a ~5% increase in our 2H/17 volume outlook and lower LOE partly offset by higher gathering & transport expense and G&A." (2/16/2017)
- Seaport Global Securities analysts commented, "We downgraded NBL on 11/17, stating that a lack of high-quality inventory would force management to either (1) resort to drilling tier 2 or 3 prospects or (2) get more active on the M&A front, and that either scenario would put full-cycle returns at risk. We see that management opted for option number two by paying $3.2B to pick up CWEI's 71K net Southern Delaware acres, equating to $32K-$38K/acre, which comes in above recent Southern Delaware deals in similar proximity (CDEV/Silverback for $20K/acre; FANG/Brigham for $26K/acre); we also note CWEI still has a considerable amount of delineation work to accomplish on the western portion of its acreage (~33% of the position, in our opinion). The price range values existing production of 10 Mboepd at $35K/flowing boepd, with the low end ($32K/acre) based on NBL's $600MM of midstream value, while the high end ($38K/acre) assumes $150MM of midstream value (what we had in our CWEI model). NBL is issuing 55MM shares (13% dilution) and paying $665MM in cash to fund the transaction ' if this was an all-stock deal it would represent a sizable ~17% dilution to NBL shares. With all that said, this was still the right move for NBL, in our opinion, as the transaction should prove to eliminate the "lack of inventory" label, which is all but a death sentence for an E&P company in the eyes of Wall Street. On 11/17, we pegged NBL's US resource inventory of proven formations capable of generating over a 40% IRR at a skinny 1,443 locations; post this transaction, we see this metric improving meaningfully to >2,850 wells, which should ensure at least a decade worth of high quality drilling opportunities. We are upgrading our rating to Neutral (from Sell) and increasing our NAV-based price target to $36 (from $33), largely driven by our updated inventory assumptions; additionally, we are revising our estimates to reflect the acquisition." (1/17/2017)
Jefferies Group LLC analysts commented, "NBL announced the acquisition of Clayton Williams Energy (CWEI) for $2.7 B in cash and stock, plus $500 MM in assumed debt. The transaction will more than double NBL’s acreage position in the southern Delaware Basin, which NBL considers the "long-term growth engine" of its U.S. oil portfolio. While the price was not cheap (~$32k per acre), the stacked pay opportunities across much of the acreage and NBL’s plans to accelerate can add value. NBL Announces Acquisition of CWEI: This afternoon, NBL announced the acquisition of Clayton Williams Energy (CWEI) for $3.2 B, which includes 55 MM shares of NBL stock, $665 MM in cash, and the assumption of $500 MM of CWEI debt. NBL intends to retire the assumed CWEI debt. NBL will fund the cash portion of the deal by drawing on its revolver, which was undrawn with a $4 B capacity at the end of 3Q16, though NBL noted plans to generate $1 B+ through portfolio management/optimization" during 2017. NBL believes the deal will be accretive to earnings and cash flow beginning in 2018. Expands Delaware Basin Position: The deal adds 71,000 net acres in Reeves and Ward Counties, 10 mboe/d of current production (70% oil), ~300 miles of gas, oil, and produced water pipelines, and 100,000 net acres in other parts of the Permian (outside of the core). The transaction expands NBL’s position in the southern Delaware Basin to just under ~120,000 net acres and adds ~2,400 gross locations to NBL’s current ~1,825 locations." (1/17/2017)
- Mizuho analysts commented, "CEO David Stover mentioned "location, location, location" when referencing the acquisition on this morning's call, but we believe "locations" is the better word, as in an increase of 2,400 or more of them in the core of the Delaware Basin. Noble has created a base for a massive Permian growth engine that can self-fund after 2017. Looking to 2018, we see multiple compression from stronger oil growth than previously expected. We expect Leviathan sanctioning news before 4Q earnings, the final news that can crystallize visibility in the diversified growth engine Noble has in place, in our view. PT increases to $48 from $44 on steeper earnings accretion in '18 from Permian acceleration." (1/17/2017)
Stifel Nicolaus analysts commented, "NBL is one of the few companies in our peer group generating double-digit production growth this year," analyst Michael Scialla wrote in a note.Scialla, who has a Buy rating on the stock, sees 2016 volumes to increase 15 percent y/y, while discretionary cash flow exceeds capex by more than $300 million. The latter excludes the first half 2016 divestiture proceeds of $743 million or potential future sales.Noting that the company's DJ basin is generating strong returns, Scialla said liquidity and cash should stay above $5 billion and $1 billion, respectively, throughout 2016 as a credit facility with a $4 billion borrowing base remains undrawn.Related Link: Simmons Assumes Overweight Rating, $48 PT On Nobel Energy"We project debt/TTM EBITDA to increase to 3.1x at YE16 from 2.8x at YE15," the analyst highlighted.In addition, the company's first two Delaware Basin wells are significantly outperforming the analyst's 600 MBoe type curve after 30 days of production.The analyst expects Colorado political landscape improves this year. Moreover, Leviathan appears to be taking steps toward sanction, as Israel's government recently added a new clause to its "Natural Gas Framework" (6/8/2016)
Who owns Noble Energy stock?
Noble Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (6.61%), SailingStone Capital Partners LLC (2.09%), FMR LLC (1.94%), Artisan Partners Limited Partnership (1.26%), Dimensional Fund Advisors LP (0.54%) and Franklin Resources Inc. (0.44%). Company insiders that own Noble Energy stock include Arnold J Johnson, David L Stover, Edward F Cox, Eric P Grubman, Gary W Willingham, Jeffrey L Berenson, Kirby L Hedrick, Kleef William T Van, Michael A Cawley, Michael W Putnam, Molly K Williamson, Susan M Cunningham and Thomas J Edelman.
Who sold Noble Energy stock? Who is selling Noble Energy stock?
Noble Energy's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, SailingStone Capital Partners LLC, Janus Capital Management LLC, Aviva PLC, Caymus Capital Partners L.P., Employees Retirement System of Texas, RidgeWorth Capital Management LLC and Caxton Associates LP. Company insiders that have sold Noble Energy stock in the last year include Arnold J Johnson, David L Stover, Edward F Cox, Gary W Willingham, Jeffrey L Berenson, Kirby L Hedrick, Kleef William T Van, Michael A Cawley, Michael W Putnam, Susan M Cunningham and Thomas J Edelman.
Who bought Noble Energy stock? Who is buying Noble Energy stock?
Noble Energy's stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Artisan Partners Limited Partnership, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Franklin Resources Inc., Asset Management One Co. Ltd., Key Square Capital Management LLC, DFT Energy LP and A.R.T. Advisors LLC. Company insiders that have bought Noble Energy stock in the last two years include Eric P Grubman and Molly K Williamson.
How do I buy Noble Energy stock?
Shares of Noble Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Noble Energy stock cost?
One share of Noble Energy stock can currently be purchased for approximately $37.54.