Noble Energy Inc. (NBL): Is it worth Buying?


Noble Energy Inc. (NASDAQ:NBL) changes shares on Wednesday trading session, with a change of 2.36% or $0.24 shares. The trading starts at $10.47 and closed at $10.18 throughout the day. The trading session low price was $10.20 and day high was $10.48 on Wednesday, August 05. After the session, the Energy sector daily volume shifted to 17.84 million while its average volume is 13.75M. In other hand, the NBL market cap reached to $5.12B. While, its current target price is $13.36.

On July 21, 2020, Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark. According to the news reported on Reuters, Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.25% and up 16.55% for month. Its quarterly performance was 18.68% above, while its half year performance is down -51.10%. NBL yearly performance stood at negative -51.31% and fall -58.05% for year-to-date. Current recommendation for Noble Energy Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NBL EPS (TTM) for 12-month is -10.78. EPS for this year is -607.30%, while for the next year its value is -0.24. It has an EPS of -24.20% down for past five years and for the next five years will be up 5.00%.

Let’s take a look on the analyst recommendations on NBL for the current month and previous month. For the current month, 11 of 29 analysts recommend stock as Buy while 2 as Sell, 1 as overweight, 0 as underweight and 15 as Hold. As compared with the previous month ratings, 29 analysts participate in stock recommendation. Out of 29, 1 rated it sell, 13 rated it as Buy and 14 as Hold Ratings. On the other hand, target price ranges from $10.00 – $25.00. Average target price for NBL was reached at $12.72.

The insider ownership moved to 1.10% and institutional holding shifted to 98.20%.

The company posted an EPS (TTM) of -10.78. According to the most recent quarter report on (Sep 2020), 26 analysts estimated an average EPS of -0.2, while -0.1 EPS posted a year ago period. Analyst Estimated EPS for NBL published in the report was -$0.45 – $0.11 during the same period. Comparing with last year, the average estimated EPS was -0.1 which is higher than -0.24 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NBL fall -27.90% for period of 200 days. SMA for 50 days was 4.46% which is showing green signal, while SMA-20 was 3.93%. The moving average value for Noble Energy Inc. (NBL) is 11.08 and 9.83 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NBL stock. On Mar 20, SMOLIK BRENT J, President & COO, bought 38,000 trading shares at the cost of $3.95, which valued at 0.15 million. On Mar 20, STOVER DAVID L, CEO & Director, bought 36,000 shares at the cost of $4.16, with total shares of 711,153. On Mar 18, Clingman Rachel G, SVP, General Counsel/Corp Sec, bought 17,793 shares at the cost of 2.81. After this transaction, Clingman Rachel G total shares reached to 85,457 which valued at 49998.0.