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Noble Energy (NBL) Posts Q2 Earnings, Beats Estimates
August 03, 2017

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Noble Energy Inc. (NBL - Free Report) 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.

Noble Energy has operations in five core areas – the Denver/Julesburg (DJ) Basin in onshore U.S., the Marcellus Shale also in onshore U.S., the deepwater Gulf of Mexico (GoM) in offshore U.S., West Africa and Eastern Mediterranean.

Estimate Trend & Surprise History

Investors should note that the second quarter Zacks Consensus Estimate for loss of 13 cents per share has widened by 30.0% over the last 90 days.

Coming to the earnings surprise, Noble Energy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in average positive surprise of 135.3%.

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:

Noble Energy Inc. Price and EPS Surprise

 

Noble Energy Inc. Price and EPS Surprise | Noble Energy Inc. Quote

 

Earnings: Noble Energy reported earnings per share of 5 cents in second quarter compared with the Zacks Consensus Estimate loss of 13 cents.
 
Revenue: Revenues of $1,059 million missed the Zacks Consensus Estimate of $1,065 million by 0.6% but surpassed the year ago revenue by 25.1%.

Stock Price: It would be interesting to see how the market reacts to positive earnings during the trading session today.

Check back later for our full write up on this NBL earnings report later!

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