Media headlines about Noble Energy (NYSE:NBL) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Noble Energy earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the oil and gas development company an impact score of 46.2669706625327 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- How Risky is Your Stock?: Noble Energy, Inc. (NBL) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Hot Stock under Review: Noble Energy Inc (NYSE: NBL) – Alpha Beta Stock (alphabetastock.com)
- Noble Energy Closes Sale of 7.5 Percent Working Interest in Tamar – GlobeNewswire (press release) (globenewswire.com)
- Big Oil closer to tapping Mediterranean gas bounty (marketwatch.com)
- Oil majors give in to investors with share buyback spree (finance.yahoo.com)
Noble Energy (NYSE:NBL) traded down $0.48 during mid-day trading on Wednesday, reaching $29.70. 4,877,966 shares of the company traded hands, compared to its average volume of 6,700,000. Noble Energy has a fifty-two week low of $22.99 and a fifty-two week high of $35.74. The firm has a market capitalization of $14,620.00, a price-to-earnings ratio of -7.92 and a beta of 1.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, February 9th. Noble Energy’s dividend payout ratio is presently -10.67%.
Noble Energy announced that its Board of Directors has approved a stock buyback plan on Thursday, February 15th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
NBL has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, November 16th. Piper Jaffray Companies reiterated a “buy” rating and issued a $35.00 price objective on shares of Noble Energy in a report on Friday, November 17th. Scotiabank set a $35.00 price objective on shares of Noble Energy and gave the company a “hold” rating in a report on Saturday, November 25th. Stifel Nicolaus set a $41.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, Cowen set a $40.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Sunday, December 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.52.
In related news, CFO Kenneth M. Fisher sold 7,621 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the sale, the chief financial officer now owns 197,144 shares in the company, valued at approximately $5,677,747.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David L. Stover purchased 19,000 shares of Noble Energy stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average price of $26.31 per share, with a total value of $499,890.00. Following the transaction, the chief executive officer now owns 727,254 shares in the company, valued at approximately $19,134,052.74. The disclosure for this purchase can be found here. 1.96% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.