How Has Noble Energy’s Stock Performed Year-over-Year?



NBL’s moving averages

Noble Energy’s (NBL) stock was very volatile in the second half of 2015. However, due to the recent rally in natural gas prices (UNG) and crude oil prices (USO), Noble’s stock has been on the rise.

On March 2, 2016, Noble Energy crossed its 50-day moving average for the first time in 2016. It continues to trade above its 50-day moving average. On May 26, 2016, NBL stock was trading ~4.6% above its 50-day moving average.

NBL also broke above its 200-day moving average in late March 2016. The fact that the company’s 50-day moving average crossed above its 200-day moving average was a bullish sign.

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An earnings review

Noble Energy (NBL) reported its 1Q16 earnings on May 4. The company announced adjusted revenue of ~$902 million. Wall Street analysts’ consensus estimate for revenue was ~$849.3 million. NBL’s 1Q16 revenue was ~19% higher than its 1Q15 revenue of ~$759 million.

NBL’s 1Q16 adjusted loss per share was $0.67, higher than analysts’ consensus estimate of a $0.58 loss per share. NBL posted 1Q15 EPS of $0.03.

In comparison, NBL’s upstream peers Cabot Oil and Gas (COG), EQT (EQT), and Antero Resources (AR) reported 1Q16 adjusted EPS of -$0.13, $0.07, and $0.17, respectively. These companies make up 8.6% of the iShares U.S. Oil & Gas Exploration & Production ETF (IEO).


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