Should You Hold Noble Energy, Inc. (NYSE:NBL)


Noble Energy, Inc. (NYSE:NBL) closed its last session at $26.46. The stock traded within a range of $25.04 and $26.52. The company operates in the Energy sector with a market capitalization of 12.75 Million. Trading volume for Noble Energy, Inc. was 9.04 Million in its previous trading session. Currently, Noble Energy, Inc. (NYSE:NBL) has an average volume of 4.77 Million.

Company Profile

Noble Energy, Inc. is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Noble Energy is a leading production company with a high-quality portfolio of crude oil and natural gas assets. It has an excellent portfolio of high-quality crude oil and natural gas assets.  Its global operations are strategically focused on delivering value from the liquids-rich U.S. onshore assets and high-margin natural gas assets offshore Eastern Mediterranean.  Noble Energy operates primarily in the Rocky Mountains, Mid-continent, and deep-water Gulf of Mexico areas in the US, with key international operations offshore Israel, the North Sea and West Africa.

Analyst Views

Noble Energy, Inc. (NYSE:NBL) received a Buy rating from 5 analysts. 0 analysts gave its stock an Outperform rating. 2 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Noble Energy, Inc. (NYSE:NBL) touched its 1-Year High price of $37.91 on 02/16/17 and its 1-Year Low price of $22.99 on 08/28/17.

EPS & Financials

Noble Energy, Inc. (NYSE:NBL) reported its EPS in the last quarter as $-0.02/Share beating the analyst estimate of $-0.13/Share by a difference of $0.11. This showed a surprise of 84.6% in the last quarter earnings.

For the current quarter, 29 analysts are projecting a mean EPS of $0.04/share. According to their observations and findings, the stock could provide a high EPS of $0.13/share and a low EPS of $-0.09/share.

Analysts believe that the company has the potential to earn average revenue of $1.16 Billion for the current quarter. According to their predictions high & low revenue estimates are 1.21 Billion and 1.05 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Noble Energy, Inc. (NYSE:NBL) has a 20-Day average volume of 5.96 Million. According to today’s trading volume Noble Energy, Inc. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 1.2 Percent and Institutional ownership of 97.3 Percent. The return on assets stands at -8.7%, Return on Equity currently is -19.8% and the Return on Investment value is -3.1%.

Noble Energy, Inc. (NYSE:NBL) gross margin percentage stands at 88.7% while its operating margin for the past trailing twelve month is -67 percent and its overall profit margin (ttm) is -45.9 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -11.58% with a 50-Day Simple Moving Average of -9.45 percent. As of today, the company has a SMA200 (200-day simple moving average) of -5.64 Percent. The Stock has YTD (year to date) performance of -9.2 percent.

The TTM operating margin for the company stands at -67%. The return on invested capital is at -3.1%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -5.64%, and has a solid year to date (YTD) performance of -9.2% which means that the stock is constantly adding to its value from the previous fiscal year end price.