Equities analysts expect that Noble Energy, Inc. (NYSE:NBL) will announce sales of $1.16 billion for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Noble Energy’s earnings, with the highest sales estimate coming in at $1.21 billion and the lowest estimate coming in at $1.09 billion. Noble Energy posted sales of $1.01 billion in the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 20th.

On average, analysts expect that Noble Energy will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $4.07 billion to $4.27 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.85 billion per share, with estimates ranging from $4.55 billion to $5.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Noble Energy.

Several analysts recently issued reports on NBL shares. JPMorgan Chase & Co. downgraded shares of Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, December 15th. Mizuho set a $43.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, January 16th. Credit Suisse Group started coverage on shares of Noble Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $35.00 price target for the company. Barclays reduced their price target on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 16th. Finally, Cowen set a $40.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Sunday, December 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Noble Energy currently has an average rating of “Buy” and a consensus price target of $39.89.

In related news, CEO David L. Stover acquired 19,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were acquired at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the purchase, the chief executive officer now owns 727,254 shares in the company, valued at $19,134,052.74. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth M. Fisher sold 7,621 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 197,144 shares in the company, valued at $5,677,747.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 507,621 shares of company stock worth $13,966,485. Company insiders own 2.28% of the company’s stock.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in Noble Energy during the 2nd quarter valued at $106,000. Massey Quick Simon & CO. LLC bought a new position in Noble Energy during the 3rd quarter valued at $155,000. Sawyer & Company Inc bought a new position in Noble Energy during the 4th quarter valued at $169,000. Lourd Capital LLC bought a new position in Noble Energy during the 4th quarter valued at $203,000. Finally, Levin Capital Strategies L.P. bought a new position in Noble Energy during the 4th quarter valued at $219,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

Shares of Noble Energy (NYSE:NBL) opened at $25.68 on Friday. Noble Energy has a 52-week low of $22.99 and a 52-week high of $39.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $12,620.00, a price-to-earnings ratio of -6.44 and a beta of 1.14.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, February 9th. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.

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About Noble Energy

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.

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Earnings History and Estimates for Noble Energy (NYSE:NBL)

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