Noble Energy Inc. 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
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate of 4 cents per share has moved up by 300% 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 168.38%.
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 32 cents in fourth quarter beating he Zacks Consensus Estimate of 4 cents by a whopping 700%.
Revenue: Revenues of $1,201 million surpassed the Zacks Consensus Estimate of $1,152 million by 4.3% and the year ago revenue by 18.9%.
Key Stats: Noble Energy’s total proved reserves at the end of 2017 were 1,965 million barrels of oil (MMBoe) compared with 1,437 MMBoe at the end of 2016.
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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Noble (NBL) Beats Earnings and Revenue Estimates in Q4
Noble Energy Inc. 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
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate of 4 cents per share has moved up by 300% 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 168.38%.
Noble Energy Inc. Price and EPS Surprise
Noble Energy Inc. Price and EPS Surprise | Noble Energy Inc. Quote
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 32 cents in fourth quarter beating he Zacks Consensus Estimate of 4 cents by a whopping 700%.
Revenue: Revenues of $1,201 million surpassed the Zacks Consensus Estimate of $1,152 million by 4.3% and the year ago revenue by 18.9%.
Key Stats: Noble Energy’s total proved reserves at the end of 2017 were 1,965 million barrels of oil (MMBoe) compared with 1,437 MMBoe at the end of 2016.
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!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>