Wall Street analysts expect that Noble Energy, Inc. (NYSE:NBL) will report $1.03 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Noble Energy’s earnings, with estimates ranging from $929.00 million to $1.21 billion. Noble Energy posted sales of $1.29 billion in the same quarter last year, which would indicate a negative year over year growth rate of 20.2%. The company is scheduled to announce its next earnings report on Tuesday, May 7th.

On average, analysts expect that Noble Energy will report full-year sales of $4.61 billion for the current year, with estimates ranging from $4.08 billion to $5.90 billion. For the next year, analysts forecast that the business will post sales of $5.83 billion, with estimates ranging from $5.00 billion to $9.05 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Noble Energy.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Tuesday, February 19th. The oil and gas development company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Noble Energy had a positive return on equity of 3.93% and a negative net margin of 1.32%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year.

A number of equities research analysts recently issued reports on NBL shares. Capital One Financial upgraded Noble Energy from an “underweight” rating to an “equal weight” rating and set a $18.17 price objective on the stock in a research report on Monday, December 24th. Morgan Stanley upgraded Noble Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $37.00 to $33.00 in a research report on Wednesday, January 9th. Barclays set a $27.00 price objective on Noble Energy and gave the stock a “sell” rating in a research report on Wednesday, January 16th. Mizuho set a $28.00 price objective on Noble Energy and gave the stock a “hold” rating in a research report on Wednesday, November 28th. Finally, Raymond James set a $32.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.97.

In other news, CFO Kenneth M. Fisher sold 16,564 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $22.89, for a total transaction of $379,149.96. Following the transaction, the chief financial officer now directly owns 215,854 shares of the company’s stock, valued at $4,940,898.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Craddock sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $23.62, for a total value of $212,580.00. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in NBL. Capital International Investors grew its stake in shares of Noble Energy by 5,125.4% during the third quarter. Capital International Investors now owns 43,365,048 shares of the oil and gas development company’s stock valued at $1,352,556,000 after buying an additional 42,535,159 shares during the last quarter. FMR LLC grew its stake in shares of Noble Energy by 121.2% during the third quarter. FMR LLC now owns 15,861,163 shares of the oil and gas development company’s stock valued at $494,709,000 after buying an additional 8,690,774 shares during the last quarter. Norges Bank bought a new position in shares of Noble Energy during the fourth quarter valued at about $81,451,000. Boston Partners grew its stake in shares of Noble Energy by 36.8% during the fourth quarter. Boston Partners now owns 14,419,600 shares of the oil and gas development company’s stock valued at $270,511,000 after buying an additional 3,881,212 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Noble Energy by 1,843.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,948,365 shares of the oil and gas development company’s stock valued at $55,311,000 after buying an additional 2,796,692 shares during the last quarter. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NBL stock opened at $24.87 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Noble Energy has a 52-week low of $17.11 and a 52-week high of $37.76. The firm has a market capitalization of $11.51 billion, a P/E ratio of 27.63 and a beta of 1.33.

The company also recently announced a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Monday, February 11th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.77%. Noble Energy’s dividend payout ratio is presently 48.89%.

Noble Energy Company Profile

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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