News articles about Noble Energy (NYSE:NBL) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Noble Energy earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas development company an impact score of 46.2985564994374 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Saudi Aramco's $2 trillion IPO is in trouble, and crude oil is heading South (finance.yahoo.com)
- Insider Selling: Noble Energy, Inc. (NBL) Director Sells 8,500 Shares of Stock (americanbankingnews.com)
- Noble’s (NBL) Assets Sale Likely to Strengthen Balance Sheet – Nasdaq (nasdaq.com)
- Noble Energy, Inc. (NYSE:NBL) – Here’s What Long-Term Traders Should Know – Nasdaq Journal (nasdaqjournal.com)
- Noble Energy (NBL) Now Covered by Analysts at UBS Group (americanbankingnews.com)
NBL has been the subject of a number of research analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $41.00 price target on shares of Noble Energy in a research report on Tuesday, January 9th. Royal Bank of Canada set a $36.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group raised shares of Noble Energy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, December 20th. Seaport Global Securities raised shares of Noble Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Stifel Nicolaus set a $42.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company. Noble Energy has an average rating of “Buy” and an average target price of $40.60.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.28. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Noble Energy had a negative net margin of 26.27% and a positive return on equity of 1.46%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. research analysts expect that Noble Energy will post 0.84 EPS for the current year.
Noble Energy declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 15th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, February 9th. Noble Energy’s payout ratio is presently -10.67%.
In other Noble Energy news, CFO Kenneth M. Fisher sold 7,621 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.80, for a total transaction of $219,484.80. Following the transaction, the chief financial officer now owns 197,144 shares in the company, valued at $5,677,747.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David L. Stover purchased 19,000 shares of the stock in a transaction on Monday, December 18th. The shares were bought at an average price of $26.31 per share, for a total transaction of $499,890.00. Following the acquisition, the chief executive officer now owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 216,121 shares of company stock worth $5,883,960. Insiders own 2.28% of the company’s stock.
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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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