Media headlines about Noble Energy (NYSE:NBL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty 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 nearest to one being the most favorable. Noble Energy earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the oil and gas development company an impact score of 46.2669706625327 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- FY2018 EPS Estimates for Noble Energy Increased by Seaport Global Securities (NBL) (americanbankingnews.com)
- Notable Traders Recap: Noble Energy, Inc., (NYSE: NBL), Microchip Technology Incorporated, (NASDAQ: MCHP) (globalexportlines.com)
- Eye-Catching Basic Materials Stock: Noble Energy, Inc. (NBL) (stocksgeeks.com)
- Fieldwood Energy Gets OK For Prepackaged Ch. 11 Plan (law360.com)
- Notable Stocks Intraday Alert: Noble Energy, Inc., (NYSE: NBL), Sorrento Therapeutics, Inc., (NASDAQ: SRNE) (globalexportlines.com)
A number of analysts recently commented on the company. Cowen set a $40.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Sunday, December 10th. Credit Suisse Group set a $40.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Mizuho set a $43.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, January 16th. Stifel Nicolaus set a $40.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Piper Jaffray reiterated a “buy” rating and issued a $41.00 price target on shares of Noble Energy in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.71.
Noble Energy (NYSE:NBL) last issued its earnings results on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.28. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Noble Energy had a positive return on equity of 1.46% and a negative net margin of 26.27%. Noble Energy’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. analysts expect that Noble Energy will post 0.91 earnings per share for the current fiscal year.
Noble Energy declared that its Board of Directors has approved a share buyback plan on Thursday, February 15th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In related news, Director James E. Craddock sold 8,500 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $31.35, for a total transaction of $266,475.00. Following the sale, the director now owns 93,413 shares of the company’s stock, valued at approximately $2,928,497.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth M. Fisher sold 7,621 shares of Noble Energy stock in a transaction dated 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 directly owns 197,144 shares in the company, valued at approximately $5,677,747.20. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.
About Noble Energy
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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