Market Update: Noble Energy Inc (NYSE:NBL) – Noble Energy to Present at Upcoming Energy Conference

[GlobeNewswire] – Houston, May 02, 2016– Noble Energy, Inc. today announced that Gary W. Willingham, the Company’ s Executive Vice President of Operations, will present at the Citi 2016 Global Energy and Utilities Conference … Read more on this. Noble Energy, Inc. (NBL) , with a current market cap of $15.73B, opened at $36.00. Looking at the equity, the company’s one day range is $35.53 to $36.92 with its 52-week range being $23.77 to $52.69. NBL shares are currently priced at -26.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.40 per share annually in dividends, yielding 1.11%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $-0.57 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-1.34 is a $1.86 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $784.48 Million. If realized, that would be a 3.36% increase over the year-ago quarter. In terms of ratings, Tudor Pickering downgraded NBL from Buy to Hold (Mar 28, 2016). Previously, Nomura upgraded NBL from Neutral to Buy. The average price target for NBL shares by the analysts covering the stock is $38.94, which is 8.17% above where the stock opened this morning. See more in (NYSE:NBL) Similar Articles: Market Update: Noble Energy Inc (NYSE:NBL) – Technical Data Influencing the Market – Analyst Notes on Noble Energy, Kohl’s, SanDisk and Stanley Black & Decker Market Update (NYSE:NBL): Noble Energy Will Release Its Fourth Quarter 2015 Results and Host a Conference Call on February 17 Market Update: Noble Energy Inc (NYSE:NBL) – Noble Energy Enhances Financial Flexibility With Debt Refinancing