Noble Energy Inc. [NASDAQ: NBL] closed the trading session at $10.75 on 06/10/20. The day’s price range saw the stock hit a low of $10.63, while the highest price level was $11.52. The stocks have a year to date performance of -56.72 percent and weekly performance of 7.39 percent. The stock has been moved at -50.71 percent over the last six months. The stock has performed 12.04 percent around the most recent 30 days and changed 45.27 percent over the most recent 3-months.
If compared to the average trading volume of 13.53M shares, NBL reached to a volume of 9431817 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Noble Energy Inc. [NBL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NBL shares is $12.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NBL stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Noble Energy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 31, 2020. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $30 to $7. The new note on the price target was released on March 25, 2020, representing the official price target for Noble Energy Inc. stock.
The Average True Range (ATR) for Noble Energy Inc. is set at 0.95, with the Price to Sales ratio for NBL stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 1.17.
NBL stock trade performance evaluation
Noble Energy Inc. [NBL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.39. With this latest performance, NBL shares gained by 12.04% in over the last four-week period, additionally sinking by -50.71% over the last 6 months – not to mention a drop of -49.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NBL stock in for the last two-week period is set at 56.12, with the RSI for the last a single of trading hit 54.13, and the three-weeks RSI is set at 54.65 for Noble Energy Inc. [NBL]. The present Moving Average for the last 50 days of trading for this stock 8.64, while it was recorded at 11.33 for the last single week of trading, and 16.81 for the last 200 days.
Noble Energy Inc. [NBL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Noble Energy Inc. [NBL] shares currently have an operating margin of -0.68 and a Gross Margin at +9.57. Noble Energy Inc.’s Net Margin is presently recorded at -34.47.
Return on Total Capital for NBL is now -0.18, given the latest momentum, and Return on Invested Capital for the company is -9.43. Return on Equity for this stock declined to -16.95, with Return on Assets sitting at -7.04. When it comes to the capital structure of this company, Noble Energy Inc. [NBL] has a Total Debt to Total Equity ratio set at 92.40. Additionally, NBL Total Debt to Total Capital is recorded at 48.03, with Total Debt to Total Assets ending up at 36.44. Long-Term Debt to Equity for the company is recorded at 90.86, with the Long-Term Debt to Total Capital now at 47.22.
Reflecting on the efficiency of the workforce at the company, Noble Energy Inc. [NBL] managed to generate an average of -$662,577 per employee. Receivables Turnover for the company is 6.52 with a Total Asset Turnover recorded at a value of 0.20.Noble Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for Noble Energy Inc. [NBL] stock
With the latest financial reports released by the company, Noble Energy Inc. posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NBL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Noble Energy Inc. go to -6.55%.
Noble Energy Inc. [NBL]: Insider Ownership positions
There are presently around $5,476 million, or 97.60% of NBL stock, in the hands of institutional investors. The top three institutional holders of NBL stocks are: VANGUARD GROUP INC with ownership of 56,295,225, which is approximately 3.628% of the company’s market cap and around 1.10% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 44,291,435 shares of the stock with an approximate value of $521.75 million in NBL stocks shares; and BLACKROCK INC., currently with $388.56 million in NBL stock with ownership of nearly 0.168% of the company’s market capitalization.
Positions in Noble Energy Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 225 institutional holders increased their position in Noble Energy Inc. [NASDAQ:NBL] by around 90,910,083 shares. Additionally, 269 investors decreased positions by around 102,892,782 shares, while 61 investors held positions by with 271,076,409 shares. The mentioned changes placed institutional holdings at 464,879,274 shares, according to the latest SEC report filing. NBL stock had 68 new institutional investments in for a total of 24,227,136 shares, while 108 institutional investors sold positions of 11,018,529 shares during the same period.