NBL - Noble Energy, Inc.

NYSE - NYSE Delayed Price. Currency in USD
21.86
+0.88 (+4.19%)
At close: 4:01PM EST
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Previous Close20.98
Open21.10
Bid21.85 x 900
Ask21.86 x 800
Day's Range20.96 - 21.93
52 Week Range17.11 - 28.40
Volume4737670
Avg. Volume5,928,950
Market Cap10B
Beta (3Y Monthly)1.43
PE Ratio (TTM)N/A
EPS (TTM)-2.37
Earnings DateFeb 17, 2020 - Feb 21, 2020
Forward Dividend & Yield0.48 (2.30%)
Ex-Dividend Date2019-11-01
1y Target Est28.67
  • Barrons.com

    Noble Energy CEO David Stover Is Buying Up Stock

    Stover and Noble Energy director Scott Urban recently scooped up shares of the energy explorer in the first insider stock buys in nearly two years.

  • Why Is Noble (NBL) Up 6.3% Since Last Earnings Report?
    Zacks

    Why Is Noble (NBL) Up 6.3% Since Last Earnings Report?

    Noble (NBL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Lead Independent Director of Noble Energy, Inc. (NYSE:NBL), Scott Urban, Just Bought 31% More Shares
    Simply Wall St.

    The Lead Independent Director of Noble Energy, Inc. (NYSE:NBL), Scott Urban, Just Bought 31% More Shares

    Investors who take an interest in Noble Energy, Inc. (NYSE:NBL) should definitely note that the Lead Independent...

  • Is Noble Energy, Inc. (NBL) A Good Stock To Buy?
    Insider Monkey

    Is Noble Energy, Inc. (NBL) A Good Stock To Buy?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Reuters

    Israel's Leviathan to begin supplying gas by end of month -Noble

    Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday. "Within 2-3 weeks we will open the wells and start to supply the gas," said Binyamin Zomer, vice president for regional affairs at Texas-based Noble Energy, reaffirming the company's pledge to begin production by the end of 2019. "Before the end of the year we will start supplying the domestic market, and the in the weeks right after that we will export to Egypt and Jordan," Zomer told the annual Israel Energy and Business Convention.

  • Noble Energy (NBL) Signs $430M Natural Gas Deal with Egypt
    Zacks

    Noble Energy (NBL) Signs $430M Natural Gas Deal with Egypt

    Noble Energy (NBL) signs a long-term contract worth $430 million to supply natural gas to Egypt.

  • Reuters

    CORRECTED-UPDATE 2-Egypt signs energy accords at conference in new capital

    Egypt said it had signed several energy accords at a conference in its partially built new capital on Saturday, including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Co's pipeline. Under the agreement, with financing from the U.S. International Development Finance Corp, Noble will also manufacture petroleum products in partnership with Egypt's Dolphinus Holdings.

  • Reuters

    Egypt signs $430-million gas deal with Texas' Noble Energy

    Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline. Under another agreement with Noble, which will also be financed by the U.S. International Development Finance Corporation, the energy company will manufacture petroleum products in partnership with Egyptian company Dolphinus Holdings. Amsterdam-based Lekela also announced the start of construction work on its West Bakr wind power plant, which will have a capacity of 250 megawatts and require a total investment of $350 million.

  • Reuters

    Egypt signs $430-million natgas deal at investment forum

    Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline. Under another Noble agreement, which will also be financed by the U.S. International Development Finance Corporation, the energy company will manufacture petroleum products in partnership with Egyptian company Dolphinus Holdings. The cabinet detailed the plans at the end of an Africa investment forum held on the site of the country's planned new administrative capital in the desert east of Cairo.

  • Deal of the Week: Energy co., MLP simplify midstream business in $1.6B deal
    American City Business Journals

    Deal of the Week: Energy co., MLP simplify midstream business in $1.6B deal

    Houston-based Noble Energy Inc. (NYSE: NBL) and its Noble Midstream Partners LP (NYSE: NBLX) master limited partnership announced a $1.6 billion cash-and-stock deal that will simplify the companies' midstream operations.

  • 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.

  • GuruFocus.com

    US Stocks Mixed on Friday

    Monster Beverage tops 3rd-quarter estimates Continue reading...

  • The Top 5 Buys of T Boone Pickens' BP Capital
    GuruFocus.com

    The Top 5 Buys of T Boone Pickens' BP Capital

    Firm of the late oil tycoon releases 3rd-quarter portfolio Continue reading...

  • How Liquidity Shortage is Fueling Explosive Stock Swings
    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)