Noble Energy stock: buy or sell?

NBL stock price: $23.16 -0.60% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Shares of Noble Energy ended today at $23.16 and depreciated a bad -0.60%. With Friday it's been 4 sliding days in a row, loosing $-2.07 (-8.27%).

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean NBL will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
Is NBL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-22OppenheimerMarket PerformOutperform
2019-8-12Wells Fargo & Con/aMarket Perform
2019-7-31KeyCorpSector WeightSector Weight
2019-7-12Morgan Stanleyn/aOverweight
2019-6-24Morgan Stanleyn/aBuy
2019-5-23Capital One FinancialEqual WeightOverweight
2019-4-30BarclaysUnderweightEqual Weight
2019-4-29JPMorgan Chase & Co.NeutralOverweight
2019-3-19MizuhoNeutralBuy
2019-1-9Morgan StanleyEqual WeightOverweight
2019-1-23Raymond Jamesn/aBuy

Noble Energy stock analysis

Daily outlook

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.

NBL stock chart (daily)

Weekly outlook

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%).

NBL stock chart (weekly)

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 $31.40

Nobody 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:
NBL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-22OppenheimerUpgradesn/a$33.00-
2019-8-12Wells Fargo & CoRaises Target$26.00$28.007.7%
2019-7-12Morgan StanleyLowers Target$33.00$30.00-9.1%
2019-6-24Morgan StanleySet Price Targetn/a$33.00-
2019-4-30BarclaysUpgrades$26.00$33.0026.9%
2019-4-29JPMorgan Chase & Co.Upgrades$75.00$32.00-57.3%
2019-3-19MizuhoUpgrades$28.00$29.003.6%
2019-1-9Morgan StanleyUpgrades$37.00$33.00-10.8%
2019-1-23Raymond JamesSet Price Targetn/a$32.00-
(in average)$37.50$31.40-16.0%
Moving in a range from $33.00 and $28.00, the price target for Noble Energy stock is $31.40. In average, analysts' outlook on NBL price target is negative, downgrading the forecast by a -16.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Noble 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.
NBL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.09n/a
2017-Q2-n/a0.12n/a
2017-Q32017-10-30-0.13-0.02n/a
2017-Q42018-02-200.040.32700.0%
2018-Q12018-05-010.280.3525.0%
2018-Q22018-08-030.240.17-29.2%
2018-Q32018-11-010.160.2768.8%
2018-Q42019-02-190.110.129.1%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%.

NBL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$4,810 M-$907 M18.9%-
2014$4,931 M2.52%$1,214 M24.6%33.85%
2015$3,043 M-38.29%$-2,441.00 M-80.2%-301.07%
2016$3,389 M11.37%$-998.00 M-29.4%-59.12%
2017$4,256 M25.58%$-1,118.00 M-26.3%12.02%
2018$4,986 M17.15%$-66.00 M-1.3%-94.10%

Quarterly financial results

Noble 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%.
NBL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$994 M-$36.00 M3.6%-
2017-Q2$1,020 M2.62%$-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 M10.80%$494.00 M49.2%-463.24%
2018-Q1$1,173 M16.72%$574.00 M48.9%16.19%
2018-Q2$1,100 M-6.22%$-23.00 M-2.1%-104.01%
2018-Q3$1,273 M15.73%$227.00 M17.8%-1,086.96%
2018-Q4$1,197 M-5.97%$-824.00 M-68.8%-463.00%

Noble Energy ownership

When 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:

NBLAPACHKCOGDVN
Market cap$11.1 B$9.7 B$3.1 B$7.6 B$10.6 B
Total shares478.3 M376.0 M1,890.0 M418.4 M404.2 M
Float shares472.3 M374.6 M1,110.0 M410.6 M401.4 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 selling0.0%0.0%0.0%0.0%0.0%

Noble Energy summary

Friday, September 20th, 2019
Open$23.42
Close$23.16
Day range$23.04 - $23.62
Previous close$23.30
Session gain-0.60%
Average true range$1.16
50d mov avg$22.23
100d mov avg$22.22
200d mov avg$22.52
Daily patternlt06a
Weekly pattern lt11a

Noble Energy performance

Performance 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.
Stock3m6m12m
NBLNoble Energy8.07%-2.36%-22.46%
APAApache-12.17%-24.72%-42.16%
CHKChesapeake Energy-15.90%-47.44%-63.06%
COGCabot Oil & Gas-22.09%-29.42%-20.63%
DVNDevon Energy-7.21%-13.31%-34.77%
EOGEOG Resources-11.36%-12.42%-31.04%
MROMarathon Oil-5.86%-20.41%-38.92%
PXDPioneer Natural R...-12.42%-3.08%-20.97%
QEPQEP Resources-32.07%-45.30%-62.56%

Noble Energy competitors

We picked a few stocks to conform a list of Noble Energy competitors to examine if you are interested in investing in NBL:

Latest Noble Energy stock news