Home Sectors Energy Recent Valuation: Noble Energy (NYSE: NBL)

Recent Valuation: Noble Energy (NYSE: NBL)

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Noble Energy trades as part of the energy sector and is in the oil and gas exploration and production industry. The company CEO is David L. Stover. Noble Energy Inc is an independent energy company. It is engaged in crude oil, natural gas and natural gas liquids NGLs exploration and production.

Previous Intraday Trading Performance:

The NBL stock showed a previous change of 1.74% with an open at 20.36 and a close of 21.00. It reached an intraday high of 21.01 and a low of 20.13.

SeekingAlpha:  U.S. Oil Production Growth May Be Slowing, But Should MLP/Midstream Investors Worry?

Liquidity:

The stock has a market cap of $10.1b with 479.8m shares outstanding, of which the float is 472.3m shares. Trading volume reached 4,872,606 shares compared to its average volume of 5,667,690 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Noble Energy shares returned -7.65% and in the past 30 trading days it returned 14.54%. Over three months, it changed -15.86%. In one year it has changed -17.84% and within that year its 52-week high was 37.76 and its 52-week low was 17.11. NBL stock is 22.74% above its 52 Week Low.

Our calculations show a 200 day moving average of 29.08 and a 50 day moving average of 21.75. Currently NBL stock is trading -27.78% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  U.S. Oil Production Growth May Be Slowing, But Should MLP/Midstream Investors Worry?

Earnings:

The last annual fiscal EPS for the company was reported at -2.31 that ended on 31st of December 2017. Based on 13 analyst estimates, the consensus EPS for the next quarter is 0.11. The TTM EPS is 1.11, which comes to a TTM PE of 18.92.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.27
06-30-2018:  0.17
03-31-2018:  0.35
12-31-2017:  0.32

The dividend per share is currently 0.44, which is a dividend yield of 2.10%. Also, the payout ratio is 39.64%, therefore the dividend is safe according to our calculations.

Indicators to Watch:

Based on the latest filings, there is 1.60% of insider ownership and 162.60% of institutional ownership. Short-interest is 23,526,913, which is 4.90% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.63. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.36

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.64%, return on assets is 5.72%, profit margin is 21.54%, price-to-sales is 2.61 and price-to-book is 0.96.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 1  :Past Performance Score
 1  :Financial Strength Score
 2  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.