Noble Energy Inc. NBL is an independent oil and gas exploration and production (E&P) company, having high-grade hydrocarbon assets across the U.S. and several international locations.
Noble Energy chiefly focuses on organic growth from exploration and development drilling activities. This is further strengthened by strategic mergers and acquisitions. The company is actively engaged in periodic divestments to upgrade its portfolio.
Keeping in mind the low commodity price environment, the company is currently focusing on best-return assets to maximize existing facility infrastructure
Noble Energy Inc. Price and EPS Surprise
Noble Energy Inc. Price and EPS Surprise | Noble Energy Inc. Quote
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate of 28 cents per share has moved up by 3.7% over the last 60 days.
Coming to the earnings surprise, Noble Energy has surpassed the Zacks Consensus Estimate in last four quarters, resulting in average positive surprise of 246.16%.
Zacks Rank: Currently, Noble Energy has a Zacks Rank#3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Noble Energy’s earnings per share of 35 cents in first quarter beating the Zacks Consensus Estimate of 28 cents by 25%.
Revenue: Revenues of $1,286 million surpassed the Zacks Consensus Estimate of $1,199 million by 7.2% and the year ago revenue by 24.1%.
Key Stats: Noble Energy’s first quarter U.S. onshore production increased by 30% year over year, thanks to solid contribution from Delaware Basin.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this NBL earnings report later!
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