Noble Energy stock: buy or sell?
September 20th, 2019
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.
Should I buy Noble Energy stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Noble Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Noble Energy stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 11 ratings published for NBL stock in the last month. The general sentiment of these ratings is bullish for NBL stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-12||Wells Fargo & Co||n/a||Market Perform|
|2019-7-31||KeyCorp||Sector Weight||Sector Weight|
|2019-5-23||Capital One Financial||Equal Weight||Overweight|
|2019-4-29||JPMorgan Chase & Co.||Neutral||Overweight|
|2019-1-9||Morgan Stanley||Equal Weight||Overweight|
Noble Energy stock analysis
Shares of Noble Energy closed today at $23.16 and depreciated a bad -0.60%.
Noble Energy ended today at $23.16 and depreciated a bad -0.60%. On Sep 4th NBL price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. From a daily perspective, NBL is in a short term uptrend after plotting its last bottom ($21.55, on September 3rd) higher than the previous bottom, and its last top ($27.31, on Monday) also over the previous top. Now trading in between its last bottom and last top NBL might consolidate in a plain range, waiting to break out over $27.31 or down under $21.55.
After boosting an extraordinary 9.31% in a week last week, Noble Energy closed this week at $23.16 and plummed a frightening -7.51%. This week broke a streak of 4 green weeks.
Since price and SMA40w lines crossed up late August, NBL climbed $1.56 (7.22%).
Noble Energy stock price history
Noble Energy stock went public on March 17th, 1980 with a price of $1.661. Since then, NBL stock surged a 1,295.20%, with an average of 33.20% per year. If you had invested right after NBL's IPO a $1,000 in Noble Energy stock in 1980, it would worth $12,952.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Noble Energy stock historical price chart
NBL stock reached 52-week highs on October at $32.08, and all-time highs 2014-06-23 with a price of 73.62.
Noble Energy stock price target is $31.40Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 9 price targets for NBL stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-12||Wells Fargo & Co||Raises Target||$26.00||$28.00||7.7%|
|2019-7-12||Morgan Stanley||Lowers Target||$33.00||$30.00||-9.1%|
|2019-6-24||Morgan Stanley||Set Price Target||n/a||$33.00||-|
|2019-4-29||JPMorgan Chase & Co.||Upgrades||$75.00||$32.00||-57.3%|
|2019-1-23||Raymond James||Set Price Target||n/a||$32.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareNoble Energy reported decent results for 2018-Q4 on February. Noble Energy appreciated Earnings per Share (EPS) by 9.10%, beating experts consensus of $0.11. Noble Energy posted $0.12.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an extraordinary growth of 17.15% to $4,986.00 million dollars. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) boosted a 24.95% to -1.32%.
|2013||$4,810 M||-||$907 M18.9%||-|
|2014||$4,931 M||2.52%||$1,214 M24.6%||33.85%|
|2015||$3,043 M||-38.29%||$-2,441.00 M-80.2%||-301.07%|
|2016||$3,389 M||11.37%||$-998.00 M-29.4%||-59.12%|
|2017||$4,256 M||25.58%||$-1,118.00 M-26.3%||12.02%|
|2018||$4,986 M||17.15%||$-66.00 M-1.3%||-94.10%|
Quarterly financial resultsNoble Energy posted $1,197.00 million in sales for 2018-Q4, a -5.97% less compared to previous quarter. Reported quarter income marked $-824.00 M with a profit margin of -68.84%. Profit margin collapsed a -86.67% compared to previous quarter when profit margin was 17.83%. When comparing sales to same quarter last year, Noble Energy sales marked an astounding increase and rocketed a 19.10%.
|2017-Q1||$994 M||-||$36.00 M3.6%||-|
|2017-Q2||$1,020 M||2.62%||$-1,510.00 M-148.0%||-4,294.44%|
|2017-Q3||$907 M||-11.08%||$-136.00 M-15.0%||-90.99%|
|2017-Q4||$1,005 M||10.80%||$494.00 M49.2%||-463.24%|
|2018-Q1||$1,173 M||16.72%||$574.00 M48.9%||16.19%|
|2018-Q2||$1,100 M||-6.22%||$-23.00 M-2.1%||-104.01%|
|2018-Q3||$1,273 M||15.73%||$227.00 M17.8%||-1,086.96%|
|2018-Q4||$1,197 M||-5.97%||$-824.00 M-68.8%||-463.00%|
Noble Energy ownershipWhen you are planning to buy a company, it's always worth to review its ownership structure.
Noble Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.36% of all shares.
Bearish positions for NBL stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$11.1 B||$9.7 B||$3.1 B||$7.6 B||$10.6 B|
|Total shares||478.3 M||376.0 M||1,890.0 M||418.4 M||404.2 M|
|Float shares||472.3 M||374.6 M||1,110.0 M||410.6 M||401.4 M|
|- Institutional holdings (%)||100.1%||102.3%||63.8%||104.8%||88.4%|
|- Insider holdings (%)||1.4%||0.3%||1.1%||1.7%||0.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
Noble Energy summary
|Friday, September 20th, 2019|
|Day range||$23.04 - $23.62|
|Average true range||$1.16|
|50d mov avg||$22.23|
|100d mov avg||$22.22|
|200d mov avg||$22.52|
Noble Energy performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Apache, Chesapeake Energy, Cabot Oil & Gas, Devon Energy, EOG Resources, Marathon Oil, Pioneer Natural Resources and QEP Resources as the bechmarking frame for Noble Energy stock.
|COGCabot Oil & Gas||-22.09%||-29.42%||-20.63%|
|PXDPioneer Natural R...||-12.42%||-3.08%||-20.97%|
Noble Energy competitorsWe picked a few stocks to conform a list of Noble Energy competitors to examine if you are interested in investing in NBL:
- Apache (APA)
- Chesapeake Energy (CHK)
- Cabot Oil & Gas (COG)
- Devon Energy (DVN)
- EOG Resources (EOG)
- Marathon Oil (MRO)
- Pioneer Natural Resources (PXD)
- QEP Resources (QEP)
Latest Noble Energy stock news
- Seeking AlphaNoble Energy: When Leviathan Awakens, Cash Flow Will FollowApril 10, 2019
- Seeking AlphaNoble Energy Aggressively Pushing Into Row DevelopmentJanuary 24, 2019
- Seeking AlphaNoble Energy: Key Takeaways From The Third Quarter 2018December 6, 2018
- Seeking AlphaNoble Energy Shifting Focus To DJ Basin From The PermianAugust 6, 2018
- Seeking AlphaNoble Energy In The Eagle FordJuly 9, 2018