24.24 0.00 (0.00%)
After hours: 5:04PM EDT
|Bid||24.23 x 1000|
|Ask||25.05 x 1100|
|Day's Range||24.02 - 24.90|
|52 Week Range||17.11 - 32.73|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.48 (1.90%)|
|1y Target Est||29.91|
Even with the mid-day rebound, the market still started to the new week in the hole. The S&P 500 index fell 0.69% on Tuesday, remaining below a couple of key resistance levels while finding support at the 20-day moving average line.Source: Shutterstock Boeing (NYSE:BA) was a key part of the reason the broad market struggled. Though it appears the company's 737 MAX may be cleared for flight within the next few weeks, several airlines have made schedules through beginning of December that don't include plans to utilize the currently grounded aircraft. The news sent BA stock lower to the tune of 2.7%.Though not terribly important for the overall market's performance, ride-hailing stocks Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) fell 6% and 7%, respectively, on growing concern that California is going to force both companies to reclassify their contracted drivers as employees. The move could upset the organizations' business models in a big way.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo be sure, not every name lost ground. Shares of retailer Conn's (NASDAQ:CONN) jumped more than 18% after revealing better-than-expected second quarter numbers. Although same-store sales were only up 0.4%, total revenue improved 3.3%, leading to healthy profit margins. * 7 Tech Industry Dividend Stocks for Growth and Income As for names worth a closer look moving into Wednesday's action, though, it's the stock charts of Johnson Controls (NYSE:JCI), Microsoft (NASDAQ:MSFT) and Noble Energy (NYSE:NBL) that are of the most interest. Here's why. Johnson Controls (JCI)With nothing more than a quick glance at its chart, Johnson Controls shares appear to still be moving higher in a respectable -- even if imperfect -- uptrend. And, perhaps it is.A closer look at both the weekly as well as the daily stock charts, however, also drops hints that the rally could be slowing down, and is maybe even close to rolling over. JCI stock re-broke a recent support level on Tuesday, and is close to putting pressure on another one again after a couple of other red flags have started to wave. * Click to EnlargeThe re-broken support line is the one that connect April's and then May's and June's lows on the daily chart, marked in yellow. It's not able to do so any more. * In the meantime, the purple 50-day moving average line is increasingly under pressure. Johnson Controls shares bounced back from their encounter last week, but it's one bad day away from being breached again. * Zooming out to the weekly chart we can get a better sense of how the rally since the last part of last year is slowing. In fact, the MACD lines have already turned bearish as of this week. Microsoft (MSFT)A reliable winner for long-term investors, Microsoft is a bargain on any healthy dip. But, a dip appears to be in the works. Underscoring that prospect is the shape of the chart's long-term rally, and a new shape it's taken on just since the beginning of August. The backdrop is acting as a red flag as well. The bears just need to dish out one more good blow before any selloff becomes self-sustaining. * Click to EnlargeThe line in the sand, so to speak, is the support line that tags all the key lows going back to December. It's marked in yellow on the daily chart, and has been tested several times since the beginning of August. * From the long-term view offered by the weekly chart, the July peak makes a great deal of sense. It aligns with all the major highs since late-2017, plotted in purple. * It's difficult to ferret out with just a cursory look at the daily data, but the daily chart's accumulation-distribution line is now logging lower lows, while the weekly chart's Chaikin line is close to breaking below zero. Both suggest the volume tide has already turned bearish. Noble Energy (NBL)All energy stocks are tricky -- and dangerous -- prospects right now. Crude oil prices were hit rather hard on Tuesday, as traders continue to figure out the balance between the United States' newly opened oil spigots, the impact of political turbulence in the Middle East, and whether or not a recession is looming. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Nevertheless, Noble Energy shares are slowly but surely piecing together what appears to be a rebound effort after a rough 2018, and a volatile 2019. With or without the broader market's help, NBL stock is one or two good days away from a breakout that's been taking shape for nearly three months. * Click to EnlargeCritical to the consolidation of late is the support line made up by all the key -- and rising -- lows since June's bottom. It's plotted as a yellow dashed line on the daily chart. * The big hurdle in question is two-fold, though each fold is aligned. The 100-day and 200-day moving average lines, marked in gray and green (respectively) on both stock charts. Noble continues to chip away at each. * In the meantime, though it would be easy to miss, a horizontal technical ceiling just above $23.00 may be in play, too. That's more or less where NBL stock has peaked several times since late June.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 3 Big Stock Charts for Wednesday: Microsoft, Noble Energy and Johnson Controls appeared first on InvestorPlace.
Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the U.S. company expecting to produce new gas by tapping into existing infrastructure by October, the oil minister said on Tuesday. "We are excited to announce this discovery, which could not have come at a more opportune time," Gabriel Obiang Lima, minister of hydrocarbons and mines, said in a statement. Obiang Lima said the Aseng 6P well was drilled to a depth of more than 4,000 metres and Noble was in the process of connecting it to existing infrastructure in the Aseng field, which has five subsea wells connected to a floating production storage and offloading (FPSO) vessel.
Merging two Denver-based oil and gas companies into the state’s second-largest oil producer will focus hundreds of millions of annual oilfield investment locally by a company committed to protecting Colorado’s public and environment, a top executive behind the deal says. PDC Energy Inc. (Nasdaq: PDCE) revealed Monday it’s acquiring SRC Energy Inc. (NYSE: SRCI) in a $1.7 billion, all-stock deal expected to close later this year. Both companies are significant players in the Denver-Julesburg Basin in Weld County, with all of SRC Energy’s oil production and 75% of PDC Energy’s coming from there.
Noble Energy, Inc. announced today that David Stover, the Company’s Chairman & CEO, and Brent Smolik, President & COO, will be in attendance at the Barclays CEO Energy-Power Conference in New York with a presentation by Stover on Wednesday, Sept.
If you invested in energy stocks during the 2010s, only to see oil prices go from $50 to $100 - and back again…then you know how erratic the sector can be.The bad news is that it's not just energy stocks: Volatility is here to stay for the market in general. I mention this because I've talked a lot about income investing lately. And energy is certainly a place to find high yields. In fact, many energy investments HAVE to pay high yields due to their tax structure, such as the master limited partnerships (MLPs).But as attractive as a high dividend yield sounds, chasing dividend yields alone can be downright dangerous.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks are not like Treasury bonds or a savings account: There's no guarantee that you will get your money back. There's also no guarantee that company will continue paying a dividend. If you choose poorly, you could lose your capital as the stock price falls. Or, that nice juicy dividend could be slashed.In most cases, dividend yields are tantalizingly high for a reason (the stocks are cheap and rightly so) - and are simply not supported by the fundamental earnings power of the business. * 10 Cheap Dividend Stocks to Load Up On Given that a dividend yield is a function of the company's annual dividend and its stock's current price, it very often tells you more about the latter than the former.Even a mediocre dividend can suddenly produce a high yield if the stock price falls off a cliff. It's one of the pitfalls we avoid in Growth Investor when seeking yield - and a good reminder to always do your homework before investing.So, when hunting for the next best dividend stocks, not only do you want ones with stable, growing dividends, but you need companies that consistently deliver sales…and positive earnings.Unfortunately, that's not the case with a lot of energy stocks right now. Many of these companies are not well-diversified, and thus extremely vulnerable to the geopolitical and supply/demand disruptions that plague the sector.And to show you what I mean, I'm sharing a list of energy stocks that are rated D or F in both my Portfolio Grader and Dividend Grader. So, neither the fundamentals nor dividend trends are stacking up in their favor, making them automatic sells.Below are 7 energy stocks you won't want to go anywhere near.Company Symbol Industry Yield Dividend Grader Score Portfolio Grader Score Apache Corp. NYSE:APA Oil & Gas Production 4.56% F F Enable Midstream Partners NYSE:ENBL Oil Refining/ Marketing 10.54% D D Murphy Oil NYSE:MUR Oil & Gas Production 5.45% F D Noble Energy NYSE:NBL Oil & Gas Production 2.27% D D PBF Energy NYSE:PBF Oil Refining/ Marketing 5.51% F F Permian Basin Royalty Trust NYSE:PBT Oil & Gas Production 9.17% D D Targa Resources NYSE:TRGP Oil Refining/ Marketing 10.24% F D OK, well that's the bad news. So where SHOULD we invest?Well, I'm a numbers guy, and I've developed a tried-and-true method for assessing any stock available. And today, I see clear opportunities as well as threats.The good news is that the "smart money" on Wall Street knows this - and is showing a clear preference for "Bulletproof" stocks. They've already tipped their cards by pouring their capital into these particular stocks. And the buying pressure that results from this is exactly what my Portfolio Grader system is designed to spot!Having spent time on Wall Street, these big institutional investors quickly learn that you need dividends to grow a portfolio over time. The income really helps smooth over the rough patches.Dividend growth stocks are especially important today - when the global bond market is just going haywire:We've got falling and even negative yields overseas. But as investors retreat to U.S. Treasuries, it's causing bizarre effects here, too. Just look at what happened on Wednesday, when the two-year Treasury actually began to yield MORE than the 10-year Treasury!And even the 30-year Treasury can't be relied upon for good yield anymore. On Thursday, its yield dropped below 2% for the first time ever.So - whether you're managing big institutional cash, or your own portfolio - you're going to need what I call the Money Magnets.These companies are in the opposite position of the energy stocks we looked at before: Not only did these stocks earn an A in my Portfolio Grader, thanks to strong buying pressure and great fundamentals…The stocks also earn an A in my Dividend Grader. These stocks are able to pay great yields - and have the strong business model to back it up!All in all, I've got 27 strong dividend growth stocks for you, almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio - come what may.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 7 Energy Stocks to Sell Now, and Where to Buy appeared first on InvestorPlace.
The Williams Companies Inc. is working with investment firm Global Infrastructure Partners on a possible offer for Noble Energy Inc.'s midstream unit, according to people with knowledge of the matter.
Noble Energy is so pleased with the progress of its 100-square-mile drilling plan in northern Colorado that the oil and gas company is pursuing another. The Houston-based company (NYSE: NBL) is submitting a second, though smaller, comprehensive drilling plan to the Colorado Oil & Gas Conservation Commission to develop 250 well sites across a swath of Weld County northeast of Greeley it calls Wells Ranch. Noble said it’s building on the early success of its first comprehensive drilling plan, which was approved last fall for an area southeast of Greeley that Noble Energy calls Mustang Ranch.
Noble (NBL) delivered earnings and revenue surprises of 23.08% and 4.19%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of oil producer Noble Energy were jumping more than 7% Friday after the company reported a second-quarter loss that was narrower than expected, topping expectations for the third time in four quarters. "Noble Energy continues to execute well on its strategy to deliver free cash flow through capital discipline and moderate growth," CEO David Stover said.
* Israel's anti-trust regulator on Wednesday gave the partners in the Tamar and Leviathan natural gas fields a green light to buy into an export pipeline to Egypt, as long as they grant other players access to the pipeline. * Delek Drilling and Noble Energy are looking to buy into the subsea EMG pipeline that connects Israel and Egypt. This would allow them to supply gas to Egypt under a landmark $15 billion export deal.
Noble Energy's (NBL) Q2 earnings are likely to benefit from higher domestic volumes. However, an expected drop in sales volumes from the company's assets in Israel may offset the same.
Noble (NBL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday. The flow will secure the start of a $15 billion export agreement between Israel's Delek Drilling and Texas-based partner Noble Energy with an Egyptian counterpart in what Israeli officials called the most significant deal to emerge since the neighbours made peace in 1979.
Seven of the 10 stocks with the highest upside potential over the next 12 months, based on analysts’ price targets, are in the oil business.