Houston, TX-based Noble Energy Inc. (NBL - Free Report) is an independent energy company engaged in the exploration and production (E&P) of crude oil, natural gas and natural gas liquids (NGLs) across the world. The company has a diversified basket of short- and long-term projects, both onshore and offshore, in domestic and international locations.
Noble Energy’s fourth quarter earnings were primarily driven by higher contributions from U.S. onshore assets.
Coming to the earnings surprise, Noble Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 191.15%.
Zacks Rank: Currently, Noble Energy Inc. has a Zacks Rank #3 (Hold) but that could change following its fouth quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Noble Energy’s delivered adjusted earnings of 12 cents per share in fourth-quarter 2018, surpassing the Zacks Consensus Estimate of 11 cents by 9%.
Revenue: Reported revenues of $1,197 million surpassed the Zacks Consensus Estimate of $1,170 million by 2.3%.
Check back later for our full write up on this Noble Energy Inc.'s earnings report later!
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