Noble Energy Company Profile (NYSE:NBL)

Noble Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "NBL."

Noble Energy declared a quarterly dividend on Tuesday, July 25th. Shareholders of record on Monday, August 7th will be given a dividend of $0.10 per share on Monday, August 21st. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 3rd. View Noble Energy's Dividend History.

Noble Energy Inc. (NYSE:NBL) posted its quarterly earnings data on Monday, May, 1st. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $974.54 million. Noble Energy had a negative return on equity of 0.44% and a negative net margin of 17.75%. Noble Energy's revenue was up 43.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.53) earnings per share. View Noble Energy's Earnings History.

Noble Energy is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Noble Energy.

22 equities research analysts have issued 12 month price targets for Noble Energy's stock. Their predictions range from $21.00 to $67.00. On average, they anticipate Noble Energy's stock price to reach $41.95 in the next twelve months. View Analyst Ratings for Noble Energy.

Here are some recent quotes from research analysts about Noble Energy stock:

• 1. KLR Group analysts commented, "We are increasing our target price $9 to $76 per share following the integration of Phase One of Leviathan into our economic model and a ~2% improvement in US onshore capital productivity." (3/13/2017)
• 2. 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)
• 3. 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)
• 4. 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)

Some companies that are related to Noble Energy include Concho Resources (CXO), Apache Corporation (APA), Devon Energy Corporation (DVN), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG), Cimarex Energy Co (XEC), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Range Resources Corporation (RRC) and Energen Corporation (EGN).

Noble Energy's management team includes the folowing people:

• David L. Stover, Chairman of the Board, President, Chief Executive Officer
• Kenneth M. Fisher, Executive Vice President and Chief Financial Officer
• Gary W. Willingham, Executive Vice President - Operations and the Exploration Functions
• Arnold J. Johnson, Senior Vice President, General Counsel, Secretary
• Andrea Lee Robison, Senior Vice President, Human Resources and Administrative
• J. Keith Elliott, Senior Vice President, Eastern Mediterranean
• Terry R. Gerhart, Senior Vice President, Global Operations Services
• John T. Lewis, Senior Vice President - Corporate Development
• Charles J. Rimer, Senior Vice President, U.S. Onshore
• Michael A. Cawley, Lead Independent Director

Noble Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Jarislowsky Fraser Ltd (0.23%), DnB Asset Management AS (0.18%), National Pension Service (0.10%), Chevy Chase Trust Holdings Inc. (0.09%), Adams Natural Resources Fund Inc. (0.08%) and Guinness Asset Management Ltd (0.08%). 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. View Institutional Ownership Trends for Noble Energy.

Noble Energy's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Nisa Investment Advisors LLC, Jarislowsky Fraser Ltd, Adams Natural Resources Fund Inc., Exxonmobil Investment Management Inc. TX, Russell Investments Group Ltd., Guinness Atkinson Asset Management Inc and Cypress Asset Management Inc. TX. 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. View Insider Buying and Selling for Noble Energy.

Noble Energy's stock was purchased by a variety of institutional investors in the last quarter, including Sippican Capital Advisors, Quantitative Systematic Strategies LLC, Mn Services Vermogensbeheer B.V., Bedrijfstakpensioenfonds Voor DE Media PNO, National Pension Service, NN Investment Partners Holdings N.V., Woodstock Corp and Aperio Group LLC. Company insiders that have bought Noble Energy stock in the last two years include Eric P Grubman and Molly K Williamson. View Insider Buying and Selling for Noble Energy.

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.

One share of Noble Energy stock can currently be purchased for approximately $29.02.