Noble Energy (NBL) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $-0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.58. The company posted revenue of $724.00 million in the period, compared to analysts expectations of $826.78 million. The company’s revenue was down -5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on Noble Energy. Shares were Reiterated by Stifel on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $40 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 41 from a previous price target of $42 .Noble Energy was Downgraded by Tudor Pickering to ” Hold” on Mar 28, 2016.
Noble Energy opened for trading at $36 and hit $36.915 on the upside on Monday, eventually ending the session at $36.44, with a gain of 0.91% or 0.33 points. The heightened volatility saw the trading volume jump to 37,89,553 shares. Company has a market cap of $15,627 M.
In a different news, on Mar 29, 2016, Thomas J Edelman (director) sold 12,000 shares at $29.69 per share price. According to the SEC, on Mar 8, 2016, Michael A Cawley (director) sold 7,000 shares at $32.35 per share price. On Jan 28, 2016, Kleef William T Van (director) sold 7,366 shares at $31.37 per share price, according to the Form-4 filing with the securities and exchange commission.
Noble Energy Inc. is an independent energy company engaged in crude oil natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea Cameroon Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus) and Other International and Corporate. Its assets in the United States include DJ Basin Marcellus Shale Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field Block O and Block I offshore Equatorial Guinea the YoYo mining concession and Tilapia PSC offshore Cameroon two blocks offshore Sierra Leone and one block offshore Gabon. In the Eastern Mediterranean it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures such as offshore Nicaragua and offshore Falkland Islands.