NBL - Noble Energy, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
20.14
+0.65 (+3.34%)
As of 2:48PM EST. Market open.
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Previous Close19.49
Open19.47
Bid20.23 x 900
Ask20.24 x 900
Day's Range19.45 - 20.45
52 Week Range17.11 - 28.40
Volume4,084,918
Avg. Volume5,859,678
Market Cap9.633B
Beta (3Y Monthly)1.37
PE Ratio (TTM)N/A
EPS (TTM)-2.37
Earnings DateFeb 17, 2020 - Feb 21, 2020
Forward Dividend & Yield0.48 (2.41%)
Ex-Dividend Date2019-11-01
1y Target Est28.53
  • Thomson Reuters StreetEvents

    Edited Transcript of NBL earnings conference call or presentation 7-Nov-19 4:00pm GMT

    Q3 2019 Noble Energy Inc Earnings Call

  • Noble Energy drops down midstream assets to MLP, simplifies businesses in $1.6B deal
    American City Business Journals

    Noble Energy drops down midstream assets to MLP, simplifies businesses in $1.6B deal

    The deal includes the MLP acquiring all of Noble Energy’s remaining midstream interests and the elimination of the latter's incentive distribution rights.

  • MarketWatch

    Noble Energy sells onshore midstream assets to Noble Midstream, eliminates IDR in a deal valued at $1.6 billion

    Noble Energy Inc. said Friday that a review of its midstream strategy concluded with the sale of essentially all of the oil and natural gas company's U.S. onshore midstream interests and assets to Noble Midstream Partners L.P. , and the elimination of its Incentive Distribution Rights (IDRs) for a value of $1.6 billion. The consideration includes $670 million in cash and 38.5 million of newly issued common shares of Noble Midstream, valued at $930 million. After the deal closes, Noble Energy will own 63% of the outstanding shares of Noble Midstream. Noble Energy's stock edged up 0.4% in premarket trading. It has rallied 14.7% year to date through Thursday while Noble Midstream shares have tumbled 22.7% and the S&P 500 has climbed 23.5%.

  • Business Wire

    Noble Energy Announces Asset Sale to NBLX and IDR Simplification

    Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced the conclusion of its midstream strategic review, having elected to retain and increase its ownership in Noble Midstream Partners LP (NBLX). The review was concluded with the sale of essentially all of the Company’s remaining U.S. onshore midstream interests and assets to NBLX and the elimination of the Company’s Incentive Distribution Rights (“IDRs”) for a total value of $1.6 billion.

  • Business Wire

    Noble Midstream Announces Simplification and Acquisition of Midstream Interests from Noble Energy

    Noble Midstream Partners LP today announced it has entered into a definitive agreement to acquire the Partnership’s incentive distribution rights and substantially all of Noble Energy’s remaining midstream interests for $1.6 billion.

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    Investopedia

    How Liquidity Shortage is Fueling Explosive Stock Swings

    Goldman Sachs says falling liquidity has boosted volatility during Q3 earnings season. Stocks with low liquidity move 12% more than normal.

  • Noble Energy (NBL) Q3 Loss Narrower Than Expected, Sales Lag
    Zacks

    Noble Energy (NBL) Q3 Loss Narrower Than Expected, Sales Lag

    Noble Energy's (NBL) Q3 loss is narrower than expected. The company lowers its 2019 capital expenditure guidance, indicating that its important projects are close to completion.

  • Noble Energy (NBL) Reports Q3 Loss, Lags Revenue Estimates
    Zacks

    Noble Energy (NBL) Reports Q3 Loss, Lags Revenue Estimates

    Noble (NBL) delivered earnings and revenue surprises of 9.09% and -0.25%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Noble Energy’s Third Quarter 2019 Demonstrates Continued Execution and Improvement in Capital Efficiency

    2019 Capital Expenditures Now Approximately $200 Million Below Plan

  • Business Wire

    Noble Energy to Present at Upcoming Energy Conference

    Noble Energy, Inc. announced today that J. Keith Elliott, Senior Vice President, Offshore, will present at the Bank of America Merrill Lynch Global Energy Conference on Thursday, November 14, 2019 at 2:45 p.m.

  • Business Wire

    Noble Energy Closes on Acquisition of Interest in the Eastern Mediterranean Gas (EMG) Pipeline

    Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced today that the Company and its partners have closed on the acquisition of a 39 percent equity interest in the Eastern Mediterranean Gas Company S.A.E. (“EMG”), which owns the EMG Pipeline. The pipeline will be used to transport natural gas volumes into Egypt under the Company’s gas supply agreements with Dolphinus Holdings (“Dolphinus”).

  • Earnings: 3 ‘Strong Buy’ Stocks to Watch Thursday
    TipRanks

    Earnings: 3 ‘Strong Buy’ Stocks to Watch Thursday

    Earnings season is nearing the finish line, but that doesn’t mean the excitement is over. On top of the better-than-expected numbers, the latest market rally, which saw the S&P 500 close just shy of an all-time high on Tuesday, has investors on the edge of their seats awaiting the remaining results.With this in mind, investors are looking for the best way to get the lowdown on the companies that have yet to report. To do this, we recommend using TipRanks’ Stock Screener.The tool helped us get the full scoop on 3 stocks that look especially promising ahead of their November 7 earnings releases. Going into the releases, each of the stocks has earned the Street’s approval with “Strong Buy” consensus ratings, which are based on all of the calls published in the last three months.Walt Disney (DIS) After posting lackluster fiscal Q3 results, Wall Street’s focus has zeroed in on Disney. That being said, many analysts like the stock’s setup as the house of mouse’s earnings release inches closer.The company has given the Street reason to believe that key upcoming catalysts outweigh any concerns regarding its legacy Fox businesses that hampered DIS in Q3. Three of its films, namely The Lion King, Aladdin and Toy Story 4, all generated more than $1 billion at the box office driving a 60% year-over-year increase in box office gross. Not to mention two more movies are slated for a December release.Disney’s new Star Wars attractions in both California and Orlando are also set to contribute to a solid quarterly performance based on current attendance levels. It should be noted that the media networks segment is a must-watch area as well. The company’s ability to close new carriage agreements with various networks could be a step in the right direction in terms of affiliate pricing.J.P. Morgan analyst Alexia Quadrani deems DIS as a “standout among its media peers” thanks to its “scale, strategy and brand to succeed in this rapidly changing media consumption environment”. As a result, the four-star analyst reiterated her Buy rating and $150 price target. (To watch Quadrani’s track record, click here)Evercore ISI analyst Vijay Jayant added, "We like the setup for the stock here and think improved visibility into pro forma financials, combined with the aforementioned catalysts, suggest compelling reward / risk trade-off. We think Disney’s legacy businesses are worth ~$100/share assuming a blended 14.5x P/E multiple, and separately see ~$55 in value for the streaming platforms (8.5x EV/2025E sales discounted back to present)."Like Quadrani and Jayant, Wall Street takes a bullish approach when it comes to DIS. 12 Buy recommendations and 3 Holds received in the last three months add up to a ‘Strong Buy’ analyst consensus. At a $152.50 average price target, shares could surge 16% over the next twelve months. (See Disney stock analysis on TipRanks)Take-Two Interactive (TTWO)Take-Two is one of the top video game developers in the U.S. and owns two major publishing labels including Rockstar Games and 2K. With one analyst expecting further upside despite already trading at the high-end of its historical range, it’s no wonder investors have been captivated by TTWO.Barclays’ Deepak Mathivanan cites TTWO’s high-quality games as cementing its status as “best positioned for the cloud gaming future”. He adds that significant roster changes during the NBA offseason bodes well for its NBA 2K19 game as it’s expected to cause higher repeat purchase rates.“This should drive an increase in repeat purchaser rate from 70% historically to closer to 80% this year, delivering an incremental $80mn/$0.52 in revenue/EPS or a 11% lift vs. our NTM (2Q20-1Q21) EPS estimates,” he explained.Ahead of the upcoming earnings release date, Mathivanan reminds investors that TTWO is especially appealing as there is still a large runway left for margin growth. “We see three drivers of margin expansion: 1) a strong pipeline of content including Borderlands 3 in FY20, additional content updates in Rockstar Online, and additional titles from Social Point; 2) a greater mix of revenue from high-margin recurrent consumer spend including mobile and full-game downloads; and 3) significant contribution from two, highly-profitable open worlds running simultaneously,” he stated.All of this played into the five-star analyst’s conclusion that TTWO remains a Buy. Adding to the good news, he sees 21% upside potential in store. (To watch Mathivanan’s track record, click here)Similarly, the rest of the Street likes what it’s seeing. 10 Buys vs 2 Holds assigned in the last three months give TTWO a ‘Strong Buy’ consensus rating. Additionally, its $138 average price target indicates 18% upside potential from the current share price. (See Take-Two stock analysis on TipRanks)Noble Energy (NBL)Going into Thursday’s earnings release, the oil and gas company appears right on track to meet its impressive growth targets.While NBL set the bar pretty high in terms of its U.S. onshore growth objectives, recent data suggests that the company will be able to meet this lofty goal. Oil production in the Delaware Basin has increased 13% sequentially and is up 35% in Eagle Ford from its second quarter. In addition, NBL successfully completed the Aseng development well in West Africa, which could bolster overall volumes.If that wasn’t enough, NBL announced that it had amended its agreement with Dolphinusin in Egypt to not only double the amount of firm contracted volumes but also provide a five-year extension in the supply agreement.“We expect a solid print from NBL with the company appearing on track to deliver against its lofty US onshore growth objectives, albeit with less fireworks than the 2Q19 print," J.P. Morgan analyst Arun Jayaram commented. "Partial quarter state data suggest that operated Delaware Basin oil production is up 13% sequentially, while Eagle Ford oil production is up 35% relative to 2Q19 levels. On the other hand, DJ Basin data looks incomplete, but we note the company was able to achieve its targeted DJ TILs for the quarter. Consistent with its peers, 3Q19 financials will be neutered by weak gas and NGL pricing, which we believe is largely anticipated by the buy-side. In West Africa, the company successfully completed a development well at Aseng, which is expected to be tied into the production facility in 4Q19 thereby providing a lift to volumes, although West Africa liftings are expected to be higher in 3Q vs. 4Q. Finally, it appears that the company will make its decision regarding the strategic alternatives process regarding NBLX during 4Q19."With all of this in mind, the analyst tells investors that he’s staying with the bulls when it comes to NBL. Jayaram also keeps his $30 price target, which conveys his confidence in NBL’s ability to climb 38% higher over the next twelve months. (To watch Jayaram’s track record, click here)As NBL boasts 100% Street Support, the message is clear: the energy name is a ‘Strong Buy’. It should also be noted that its $29.25 average stock-price forecast implies a potential twelve month gain of 40%. (See Noble Energy stock analysis on TipRanks)

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    What's in Store for Plains Group Holdings (PAGP) Q3 Earnings?

    Higher volumes in Permian Basin are likely to have boosted Plains Group Holdings' (PAGP) performance in Q3.

  • What's in the Cards for Noble Energy's (NBL) Q3 Earnings?
    Zacks

    What's in the Cards for Noble Energy's (NBL) Q3 Earnings?

    Noble Energy's (NBL) Q3 earnings is likely to have benefited from increased production volumes witnessed across its service regions.

  • Reuters

    UPDATE 1-Israel-Egypt gas pipeline deal seen imminent

    A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said on Sunday. Texas-based Noble Energy, Israel's Delek Drilling and Egyptian East Gas Co have partnered in a venture called EMED, which last year agreed to buy a 39% stake in the subsea EMG pipeline for $518 million that will carry Israeli gas exports to Egypt. In a regulatory filing in Tel Aviv, Delek said the shares have already been transferred to the buyers while the funds are currently being held in a trust.

  • Noble Energy (NBL) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
    Zacks

    Noble Energy (NBL) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

    Noble (NBL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • 4 Energy Stocks to Sell
    InvestorPlace

    4 Energy Stocks to Sell

    U.S. equities are treading water ahead of the Federal Reserve's latest policy decision, with the Dow Jones Industrial Average holding near the 27,000 level. While most stocks are holding steady ahead of what is expected to be another interest rate cut, energy stocks are weakening here as West Texas Intermediate drops back below the $55-a-barrel level and traders shrug off Middle East tensions and worry about soft global economic data. * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes As a result, a number of key oil field services and oil production stocks are rolling over. Here are four to sell now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB) look set to fall back to triple-bottom support near the $31-a-share level after once again losing its 50-day moving average. This caps a massive downtrend pattern that started in early 2017 and has resulted in a loss of nearly 60% of value.The company will next report results on Jan. 17 before the open. Analysts are looking for earnings of 38 cents per share on revenues of $8.2 billion. Halliburton (HAL)Halliburton (NYSE:HAL) shares are threatening to fall back below their 50-day moving average, returning to the lows near $17 tested back in August, after a series of analyst downgrades. Argus cut their rating to sell. Cowen analysts also lowered their price target as the industry cuts capacity and trims expenses. * 10 Stocks to Buy Regardless of Q3 Earnings HAL will next report results on Jan. 21 before the bell. Analysts are looking for earnings of 30 cents per share on revenues of $5.19 billion. Hess (HES)Shares of independent oil and gas producer Hess (NYSE:HES) are topping out near multi-month overhead resistance just under the $70-a-share level, setting up a likely retest of its 200-day moving average.Hess reported results before the open this morning, with a loss of 32 cents per share missing estimates by a penny on a 17.1% drop in revenues. Sentiment isn't looking great in the wake of an initiation of coverage by Citigroup analysts with a neutral rating back in late September. Noble Energy (NBL)Noble Energy (NYSE:NBL) shares are testing critical late-2018 support near the $18-a-share level after forming a nasty looking double-top pattern near $27.The company will next report results on Nov. 7 before the bell. Analysts are looking for a loss of 11 cents per share on revenues of $1.1 billion. Analysts at Oppenheimer recently warned of multiple compression heading into 2020 likely to weigh on share prices. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes * 8 Consumer Stocks to Buy before Thanksgiving * 10 Stocks to Buy Regardless of Q3 Earnings The post 4 Energy Stocks to Sell appeared first on InvestorPlace.

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    What's in the Offing for Devon Energy's (DVN) Q3 Earnings?

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    WPX Energy (WPX) to Report Q3 Earnings: What's in the Cards?

    WPX Energy's (WPX) third-quarter earnings are likely to have benefited from rising oil production from high-quality assets.

  • Moody's

    Noble Energy, Inc. -- Moody's announces completion of a periodic review of ratings of Noble Energy, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Noble Energy, Inc. New York, October 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Noble Energy, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.