Today: The Q3 2016 Earnings Estimate for Noble Energy Inc. Issued By Seaport Global Securities (NBL)

The Q3 2016 Earnings Estimate for Noble Energy Inc. Issued By Seaport Global Securities (NBL)

Noble Energy Inc. (NYSE:NBL) – Equities researchers at Seaport Global Securities dropped their Q3 2016 earnings per share (EPS) estimates for Noble Energy in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the brokerage will post earnings of ($0.29) per share for the quarter, down from their prior forecast of ($0.28). Seaport Global Securities also issued estimates for Noble Energy’s FY2016 earnings at ($1.25) EPS.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. The business earned $847 million during the quarter, compared to the consensus estimate of $909.36 million. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS.

NBL has been the subject of a number of other reports. Credit Agricole SA began coverage on shares of Noble Energy in a report on Wednesday, June 22nd. They issued an “outperform” rating for the company. Citigroup Inc. upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a report on Thursday, July 7th. Barclays PLC restated a “buy” rating on shares of Noble Energy in a report on Sunday, July 17th. Johnson Rice reiterated a “buy” rating and set a $21.00 price target (up from $19.00) on shares of Noble Energy in a report on Thursday, September 15th. Finally, Mizuho initiated coverage on shares of Noble Energy in a report on Friday. They set a “buy” rating and a $44.00 price target for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and an average target price of $40.23.

Shares of Noble Energy (NYSE:NBL) traded down 0.25% during trading on Friday, reaching $35.36. 1,702,666 shares of the company traded hands. The firm’s 50-day moving average is $34.98 and its 200-day moving average is $35.04. The stock’s market capitalization is $15.20 billion. Noble Energy has a 12-month low of $23.77 and a 12-month high of $39.85.

In related news, Director Jeffrey L. Berenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $34.05, for a total value of $340,500.00. Following the transaction, the director now owns 82,269 shares of the company’s stock, valued at $2,801,259.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Edelman sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $33.62, for a total transaction of $403,440.00. Following the completion of the transaction, the director now directly owns 3,032,978 shares in the company, valued at approximately $101,968,720.36. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of NBL. Cleararc Capital Inc. increased its position in Noble Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 10,453 shares of the oil and gas development company’s stock worth $328,000 after buying an additional 39 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Noble Energy by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,592 shares of the oil and gas development company’s stock valued at $129,000 after buying an additional 49 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Noble Energy by 0.6% in the second quarter. LS Investment Advisors LLC now owns 17,579 shares of the oil and gas development company’s stock valued at $631,000 after buying an additional 99 shares in the last quarter. Eagle Boston Investment Management Inc. increased its position in shares of Noble Energy by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 15,748 shares of the oil and gas development company’s stock valued at $562,000 after buying an additional 163 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Noble Energy by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,834 shares of the oil and gas development company’s stock valued at $350,000 after buying an additional 211 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Noble Energy Company Profile

Related posts

Leave a Comment