Why Noble Energy Inc. (NBL)’s Most Recent Report Reveals Some Hints About Its Future

Noble Energy Inc. (NASDAQ:NBL) went up by 0.35% from its latest closing price compared to the recent 1-year high of $25.08. The company’s stock price has collected 0.59% of gains in the last five trading sessions. Barron’s reported 16 hours ago that Devon-WPX Tie-Up Could ‘Start a Wave’ of Oil-and-Gas Deals

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Is It Worth Investing in Noble Energy Inc. (NASDAQ :NBL) Right Now?

Plus, the 36-month beta value for NBL is at 2.57. Opinions of the stock are interesting as 7 analysts out of 29 who provided ratings for Noble Energy Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 19 rated it as “hold,” and 2 as “sell.”


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The average price from analysts is $11.59, which is $3.06 above the current price. NBL currently public float of 473.77M and currently shorts hold a 3.26% ratio of that float. Today, the average trading volume of NBL was 15.45M shares.

NBL’s Market Performance

NBL stocks went up by 0.59% for the week, with a monthly drop of -14.07% and a quarterly performance of -3.50%, while its annual performance rate touched -60.05%. The volatility ratio for the week stands at 2.92% while the volatility levels for the past 30 days are set at 3.17% for Noble Energy Inc.. The simple moving average for the period of the last 20 days is -6.67% for NBL stocks with a simple moving average of -30.49% for the last 200 days.

Analysts’ Opinion of NBL

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

Wells Fargo gave a rating of “Equal Weight” to NBL, setting the target price at $13 in the report published on August 13th of the current year.

NBL Trading at -13.75% from the 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, the company was unable to rebound, for now settling with -65.91% of loss for the given period.

Volatility was left at 3.17%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares sank -13.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.06% lower at present.

During the last 5 trading sessions, NBL rose by +0.59%, which changed the moving average for the period of 200-days by -61.80% in comparison to the 20-day moving average, which settled at $9.10. In addition, Noble Energy Inc. saw -65.58% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

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

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

Stock Fundamentals for NBL

Current profitability levels for the company are sitting at:

  • -0.68 for the present operating margin
  • +9.57 for the gross margin

The net margin for Noble Energy Inc. stands at -34.47. The total capital return value is set at -0.18, while invested capital returns managed to touch -9.43. Equity return is now at 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 at debt to equity in total, while total debt to capital is 48.03. Total debt to assets is 36.44, with long-term debt to equity ratio resting at 90.86. Finally, the long-term debt to capital ratio is 47.22.

Currently, EBITDA for the company is 173.00M with total debt to EBITDA at 3.32. When we switch over and look at the enterprise to sales, we see a ratio of 4.54, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 6.52 and the total asset turnover is 0.20. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.

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