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Market Update (NYSE:NBL): Noble Energy Will Release Its Fourth Quarter 2015 Results and Host a Conference Call on February 17

[GlobeNewswire] – Houston, Jan. 12, 2016– Noble Energy, Inc. will host its fourth quarter and full year 2015 earnings webcast and conference call at 9:00 a.m., Central Time, Wednesday, February 17, 2016. The Company plans … Read more on this. Noble Energy, Inc. (NBL) , valued at $12.17B, began trading this morning at $29.45. A quick look at the market, the company’s stock traded between $27.34 and $29.55 and has traded between $27.34 and $53.68 over the past year. NBL shares are currently priced at 414.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.73x forward p/e ratio. And for passive income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.34%. According to a consensus of 31 analysts, the earnings estimate of $0.01 per share would be $0.37 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $0.07 which would be a $2.29 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.06 Billion. If reported, that would be a 0.93% decrease over the year-ago quarter. In terms of ratings, Jefferies upgraded NBL from Hold to Buy (Sep 11, 2015). Previously, BofA/Merrill downgraded NBL from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $43.62, which is 48.12% above than it opened this morning. See more in (NYSE:NBL) Similar Articles: Market Update: Noble Energy Inc (NYSE:NBL) – Noble Energy Enhances Financial Flexibility With Debt Refinancing Stock Update (NYSE:NBL): Noble Energy to Present at Upcoming Energy Conference Company Update (NYSE:NBL): Noble Energy to Present at Upcoming Energy Conference
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