Noble Energy Inc. (NASDAQ:NBL) does about 13.58M shares in volume on a normal day but saw 10149462 shares change hands in Monday trading. The company now has a market cap of 4.96B USD and an enterprise value of about $12.66B. Its current market price is $10.37, marking an increase of 3.29% compared to the previous close of $10.04. The 52 week high reached by this stock is $27.31 whilst the lowest price level in 52 weeks is $2.73. The script in recent trading has seen the stock touch a high of $10.39 and a low of $10.07.
Noble Energy Inc. (NBL) has a 20-day trading average at $10.37 and the current price is -62.03% off the 52-week high compared with 279.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.00 and its 200-day simple moving average is $13.76. If we look at the stock’s price movements over the week, volatility stands at 2.30%, which increases to 2.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.03 to suggest the stock is neutral.
The consensus objective for the share price is $12.10, suggesting that the stock has a potential upside of 14.3% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 21, 2020 when Morgan Stanley downgraded the stock to “Equal-Weight” and issued a price target of $11. Wells Fargo also downgraded the stock to “Equal Weight” from Overweight on August 13, 2020 at a price target of $13. Stifel downgraded its price target at $26-$11.
The current price level is -0.26%, 3.69%, and -24.94% away from its SMA20, SMA50, and SMA200 respectively, with the NBL price moving above the 50-day SMA on August 24. Noble Energy Inc. (NBL) stock is down -1.98% over the week and -4.78% over the past month. Its price is -58.25% year-to-date and -51.99% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.24 above consensus estimates by $0.1. The company’s next earnings report is expected on 10/28/2020, with forecasts estimating quarterly EPS at -$0.19 and -$0.34 for whole year. NBL’s earnings per share are forecast to grow by 2.90% this year and 88.20% over next year. Expected sales for next quarter are $762.06 million, which analysts say will come at $3.2 billion for the current fiscal year and next year at $3.55 billion. In addition, estimates put the company’s current quarterly revenue at an average of $765.03 million.
To reach the target analysts have set, the stock logically needs to grow 14.3 percent from here.
Outstanding shares total 479.00M with insiders holding 1.29% of the shares and institutional holders owning 99.06% of the company’s common stock. The company has a return on investment of -6.40% and return on equity of -86.20%. The beta has a value of 2.70. Price to book ratio is 1.24 and price to sales ratio is 1.28.
According to a U.S. Securities and Exchange Commission filing, American Balanced Fund has reduced its position in Noble Energy Inc. (NBL) to 25,000,000 shares, mirroring a recent drop by 0.00%. American Balanced Fund dumped 0.0 shares of Noble Energy Inc. common stock bringing its total worth to about $249.75 million at the end of recent close, SEC documents show. American Balanced Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 8301.0 shares to end up with 13,725,599 shares worth $137.12 million. American Funds Global Balanced Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 2.46% position in Noble Energy Inc. thanks to 11.8 million shares amounting to $117.88 million.