Noble Energy, Inc. (NBL) sinking towards new 52-week low

Noble Energy, Inc. (NASDAQ:NBL) went down by -1.01% from its latest closing price when compared to the 1-year high value of $27.31 and move down -177.26%, while NBL stocks collected -3.71% of loss with the last five trading sessions. MarketWatch.com reported on 08/29/20 that These ‘Dividend Aristocrat’ stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic

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Noble Energy, Inc. (NASDAQ:NBL) Worth an Investment?

Noble Energy, Inc. (NASDAQ: NBL) The 36 Months beta value for NBL stocks is at 2.65, while 7 of the analysts out of 29 who provided ratings for Noble Energy, Inc. stocks as a “buy” while 1 as overweight, 19 rated it as hold and 2 as sell. The average price we get from analysts is $11.91 which is $2.21 above current price. NBL currently has a short float of 2.01% and public float of 474.56M with average trading volume of 12.85M shares.

NBL Market Performance

NBL stocks went down by -3.71% for the week, with the monthly drop of -1.20% and a quarterly performance of -1.60%, while its annual performance rate touched -55.85%. The simple moving average for the period of the last 20 days is -4.57% for NBL stocks with the simple moving average of -26.97% for the last 200 days.

Analysts’ Opinion on Noble Energy, Inc. (NASDAQ:NBL)

Many brokerage firms have already submitted their reports for NBL stocks, with Citigroup repeating the rating for NBL shares by setting it to “Neutral”. The predicted price for NBL socks in the upcoming period according to Citigroup is $5.50 based on the research report published on August 31, 2020.

Morgan Stanley, on the other hand, stated in their research note that they expect to see NBL stock at the price of $11. The rating they have provided for NBL stocks is “Equal-Weight” according to the report published on August 21, 2020.

Wells Fargo gave “ Equal Weight” rating to NBL stocks, setting the target price at $13 in the report published on August 13, 2020.

NBL Stocks -1.35% Far from 50 Day Moving Average

After a stumble in the market that brought NBL to its low price for the period of the last 52 weeks, Noble Energy, Inc. was unable to take a rebound, for now settling with -63.93% of loss for the given period.

The stock volatility was left at 2.48%, however, within the period of a single month, the volatility rate increased by 1.88%, while the shares sank at the distance of -3.24% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -1.50% lower at the present time.

In the course of the last 5 trading sessions, NBL went down by -3.71%, which changed the moving average for the period of 200 days to the total of -54.21% of losses for the stock in comparison to the 20-day moving average settled at $10.31. In addition, Noble Energy, Inc. saw -60.35% in overturn over the period of a single year with a tendency to cut further losses.

NBL Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Noble Energy, Inc. (NBL), starting from SMOLIK BRENT J, who bought 38,000 shares at the price of $3.95 back on Mar 20. After this action, Rushing now owns 285,018 shares of Noble Energy, Inc., valued at $149,937 with the latest closing price.

STOVER DAVID L, the CEO & Director of Noble Energy, Inc., bought 36,000 shares at the value of $4.16 during a trade that took place back on Mar 20, which means that STOVER DAVID L is holding 711,153 shares at the value of $149,854 based on the most recent closing price.

NBL Stock Fundamentals

The current profitability levels are settled at -0.68 for the present operating margin and +9.57 for gross margin. The net margin for Noble Energy, Inc. stands at -34.47. Total capital return value is set at -0.18, while invested capital returns managed to touch -9.43. Equity return holds the value -86.20%, with -29.30% for asset returns.

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Based on Noble Energy, Inc. (NBL), the company’s capital structure generated 92.40 points for debt to equity in total, while total debt to capital is set at the value of 48.03. Total debt to assets is settled at the value of 36.44 with long-term debt to equity ratio rests at -0.08 and long-term debt to capital is 90.86.

The value for Enterprise to Sales is 4.54 with debt to enterprise value settled at 0.39. The receivables turnover for Noble Energy, Inc. is 6.52 with the total asset turnover at the value of 0.20. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.

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