Noble Energy Inc. (NYSE:NBL) independent energy exploration firm, is reporting second quarter earnings results on Monday 3rd August 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.34 per share.
For the full year, analysts predict revenues of $ 3265.69 million, while looking forward to loss of $ 0.61 per share.
Previous Quarter Performance
Noble Energy Inc. posted income for the first quarter of $ 0.18 per share, from the revenue of $ 1,020.00 million. The quarterly revenues swell 0.87 percent compared with the same quarter last year. According to street consensus, NBL was expected to report 1Q20 income of $ 0.02 per share from revenue of $ 1084.34 million. The bottom line results beat street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 64.34 million or 5.93 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NBL was $ 9.99, representing a 265.93 % increase from the 52 week low of $ 2.73 and a 63.42 % decrease over the 52 week high of $ 27.31.
The company has a market capital of $ 4.79 billion and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Perform rating, with $ 12.00 target price.
- On 29th June 2020, maintained by UBS Group at Buy rating, with $ 18.00 target price.
- On 25th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 13.00 target price.
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. Its principal assets are located in the US onshore unconventional basins and various global offshore conventional basins in the Eastern Mediterranean and off the west coast of Africa.
