Noble Energy Inc
Upstream Stocks: The Top Movers of 2019
In 2019 so far, upstream energy companies Hess Corporation (HES) and Noble Energy (NBL) have risen 61.8% and 15.1%, respectively.
Barclays Expects Higher Oil Prices in the Second Quarter
On March 28, Barclays wrote in a note that it expects Brent crude oil and US crude oil to average around $73 and $65 per barrel in the second quarter of 2019, respectively.
What’s Noble Energy’s Mean Target Price?
Analysts’ mean target price for Noble Energy (NBL) is ~$32.8, which implies an ~31.5% upside based on its last closing price.
Noble Energy: Analysts’ Recommendations
Among the 23 analysts tracking Noble Energy (NBL), 29% recommended a “hold,” 68% recommended a “buy,” and 3% recommended a “sell.”
US Oil Production Is Becoming More Economical
The WTI Cushing-Midland spread has been below $1 since late January 2019, and in some instances, it’s turned negative.
Noble Energy’s Plans for the DJ and Delaware Basins
Noble Energy (NBL) expects the EPIC crude pipeline to be operational in the third quarter, which will likely reduce the price discount of its oil produced to grades of oil in the Gulf Coast.
Noble Energy Has Outperformed Upstream Stocks in March
So far in March, Noble Energy (NBL) had outperformed upstream stocks that are part of the S&P 500 Index (SPY).
Pioneer Natural Resources: Key Price Points in February
On February 19, Pioneer Natural Resources’ (PXD) implied volatility was 28.8%, which is ~19.6% lower than its 15-day average.
Why ‘Sell’ Recommendations Are Rising for Chesapeake Energy
In the last three months, the number of “sell” recommendations has been rising for Chesapeake Energy (CHK).
Will Earnings Data Help ConocoPhillips?
On January 18, ConocoPhillips shares closed 1.3% below the 200-day moving average. ConocoPhillips might test the key moving average.
Chesapeake Energy’s Technical Indicators: Will Prices Rise?
Chesapeake Energy (CHK) continues to trade below its short-term (50-day) moving average.
Why Chesapeake Energy’s Correlation with Crude Oil Has Increased
The three-month correlation between Chesapeake Energy (CHK) and crude oil was 0.53 as of August 27.
About 67% of Analysts Rate Cabot Oil & Gas Stock as a ‘Buy’
Approximately 67% of the analysts covering Cabot Oil & Gas (COG) rate the stock a “buy.” The remaining 33.0% rate COG as a “hold.”
Cabot Oil & Gas Stock Down ~8% after Q2 2018 Earnings
Cabot Oil & Gas (COG) stock fell 7.7% after its Q2 earnings. Although COG missed its earnings estimates, it beat its revenue estimates.
Chesapeake Energy’s Q2 2018 Results: Must-Knows
Chesapeake Energy (CHK) reported its second-quarter earnings today. The company reported revenue of ~$2.25 billion, narrowly missing analysts’ estimates.
EQT: Analysts’ Recommendations for the Stock
For EQT (EQT), ~61% of the analysts rated the stock as a “buy,” while 39% rated it as a “hold.”
How Has Noble Energy Stock Been Performing Recently?
Year-over-year, NBL stock has risen ~22.7%, while crude oil prices have surged 46.5% in the same period.
How Will Noble Energy Fare in Q2 2018?
Noble Energy (NBL) plans to report its Q2 2018 earnings on August 3. The company’s Q2 revenue estimate stands at $1.13 billion.
Which Catalysts Could Push Crude Oil Prices Higher?
The API reported that US crude oil inventories fell by 3.2 MMbbls (million barrels) to 407.6 MMbbls on July 13–20.
Crude Oil Bears Could Overshadow Oil Bulls
August WTI oil futures contracts fell 0.7% in early morning trading on July 18. Brent and WTI crude oil futures rose ~0.5% and ~0.03% on July 17.
COG’s Second-Quarter Revenue to Fall: Impact on Earnings
Cabot Oil & Gas (COG) plans to release its second-quarter earnings on July 27. Revenue estimates stand at ~$384.96 million.
How Has Hess Corporation Stock Performed This Year?
Hess Corporation (HES) stock has mostly been on an uptrend since the beginning of this year.
Forecasting Cabot Oil & Gas’s Stock Price
Cabot Oil & Gas’s (COG) current implied volatility is ~36%, 8.16% higher than its 15-day average of 33.31%.
Cabot Oil & Gas’s Valuation Trends and Forecasts
Cabot Oil & Gas’s (COG) EV[1.enterprise value]-to-adjusted EBITDA ratio was ~11.57x in the first quarter.
Anadarko Petroleum’s Free Cash Flow Forecast
Anadarko Petroleum’s capex has mainly been showing an increasing trend since the first quarter of 2016. The free cash flow has been negative.
WTI Crude Oil Hit $75 on July 3: What’s Next?
August WTI crude oil prices hit an intraday high of $75.27 per barrel on July 3—the highest level since November 2014.
Why Chesapeake’s Net Debt Fell Last Quarter
Chesapeake Energy’s (CHK) net debt-to-adjusted EBITDA multiple in the first quarter was ~4.1x.
Key Update: Anadarko Petroleum’s DJ Basin Operations
Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion.
What’s Been Driving Anadarko Petroleum’s Stock Lately?
Anadarko Petroleum (APC) stock has been surging since the beginning of this year, mirroring crude oil prices (UCO).
Chesapeake’s Earnings and Revenues Have Improved
Chesapeake Energy’s adjusted EPS in the first quarter was $0.34—higher than Wall Street analysts’ consensus EPS estimate of $0.27.
Traders Are Tracking OPEC’s Meeting on June 22
The crude oil production from OPEC and non-OPEC producers is expected to increase by 300,000 bpd–600,000 bpd in OPEC’s upcoming meeting.
Midstream Operaters Are Scrambling to Build a Permian Takeaway
Amid concerns over Permian pipeline takeaway capacity, several pipeline projects have been announced or have come online recently to accommodate rising Permian production.
Estimating CHK’s Stock Range Forecast Using Implied Volatility
The current implied volatility for Chesapeake Energy stock (CHK) is ~64%, 6.2% lower than its 15-day average of 68%.
CXO, SM, FANG, NBL, and SRCI’s Stock Performances
SRC Energy (SRCI) was clearly the outperformer among its peers. SRC Energy has risen 78% YoY (year-over-year).
Upstream Companies with the Highest Operating Margins
In the first quarter, Concho Resources (CXO) reported operating margins of ~108%—compared to 173% in the first quarter of 2017.
API Reports a Large Increase in US Crude Oil Inventories
The API reported that US crude oil inventories increased by 3.4 MMbbls (million barrels) on April 20–27.
Noble Energy: Analysts’ Ratings and Recommendations
Approximately 64.5% of the analysts covering Noble Energy (NBL) rated it as a “buy,” while 35.5% rated it as a “hold.”
Natural Gas Price Forecasts and Appalachia Price Differentials
Natural gas prices weigh heavily on natural gas–weighted companies Cabot Oil & Gas (COG), Antero Resources (AR), and Noble Energy (NBL).
Legacy Reserves to Continue Its Focus on Permian Region in 2018
Legacy Reserves (LGCY) has 36% of its total reserves in the Permian Basin and 32% in the East Texas region.
A Look at Schlumberger’s 1-Week Returns on March 2
Schlumberger’s (SLB) one-week returns were -1.5% through March 2. Since February 23, the Energy Select Sector SPDR ETF (XLE) fell 2.7%.
How Did Chesapeake Energy Perform in 4Q17?
Chesapeake Energy’s adjusted earnings per share in 4Q17 were $0.30, higher than the Wall Street analyst consensus EPS estimate of $0.24.
Schlumberger’s 1-Week Returns on February 23
On February 23, 2018, Schlumberger (SLB) entered into negotiations to form a joint venture with Subsea 7.
Some Energy Stocks Rose More than Oil Last Week
On February 21, Whiting Petroleum announced its 4Q17 earnings results. Whiting Petroleum reported an adjusted net loss of $0.17 per diluted share.
Noble Energy Stock: Gauging Short Interest Trends
On February 20, 2018, the short interest as a percentage of its float or the short interest ratio in Noble Energy (NBL) stock was ~3.6%.
Noble Energy: Wall Street Analysts’ Recommendations
Approximately 64.5% of the analysts rated Noble Energy (NBL) as a “buy,” while 35.5% of the analysts rated Noble Energy as a “hold.”
Noble Energy Stock Jumped ~11% after Its 4Q17 Earnings
Following Noble Energy’s (NBL) 4Q17 earnings release on February 20, 2018, its stock rose ~11% the same day.
What Drove Noble Energy’s 4Q17 Production Lower?
Noble Energy’s (NBL) 4Q17 production volumes totaled 380 Mboepd—down 7.3% compared to its production volumes in 4Q16.
Noble Energy Reported Upbeat 4Q17 Revenue and Earnings
Noble Energy (NBL) reported its 4Q17 earnings on February 20, 2018. The company reported revenue of ~$1.2 billion.
What’s Cabot Oil & Gas’s Implied Volatility and Stock Price Forecast?
Current implied volatility in Cabot Oil & Gas (COG) is ~37.4%, which is ~6.5% higher than its 15-day average of 35.1%.
How Has Noble Energy Stock Performed Recently?
Noble Energy stock has declined ~29% YoY. Noble Energy stock has underperformed the Energy Select Sector SPDR ETF (XLE).
Noble Energy Focuses on US Onshore Volumes
Noble Energy’s 4Q17 production is expected to rise sequentially. Noble Energy’s production in 3Q17 was 355 MBoe/d.
Expectations for EQT’s Upcoming Earnings
EQT Corporation (EQT) plans to release its 4Q17 and fiscal 2017 earnings on February 15. Its 4Q17 revenue estimates come in at ~$728 million, while for the full year, EQT is expected to report revenue of $3.13 billion.
Why Noble Midstream Partners Could Be Top-Performing MLP in 2018
Noble Midstream Partners (NBLX) was among the top MLP gainers in 2017. It has risen more than 41% over the past year.
These MLPs Rose More Than 9% in Week Ended January 5
CVR Partners (UAN) was the top MLP gainer last week, which ended on January 5, 2018. It rose 23.2%.
The Top 10 Upstream Stocks on the Street: What the Analysts Think
Noble Energy has the highest “buy” recommendations at ~48.4% of analysts, followed closely by ConocoPhillips and Anadarko.
Who’s on Top in Upstream: Comparing Operating Cash Flows
In this series, we’ll look at the top ten upstream companies based on cash flow from operating activities during the first nine months of 2017.
Could Permian Basin Drive Growth in US Crude Oil Production?
In its November Short-Term Energy Outlook (or STEO) report, the EIA forecast that US crude oil production in 2017 would average 9.2 million barrels per day.
Can Rising Crude Oil Prices Affect Coal Miners?
On November 10, 2017, the price of WTI crude oil closed at $56.74 per barrel. That was 1.9% higher than $55.64 per barrel when the market closed on November 3, 2017.
Chesapeake Energy’s Stock Price Range Forecast
Chesapeake Energy stock’s (CHK) current implied volatility is ~51%, which is 8% lower than its 15-day average of ~55.6%.
Noble Energy’s Implied Volatility: Price Range Forecast
Noble Energy’s (NBL) implied volatility on October 30, 2017, was ~29.7%. It was ~1.8% lower than the 15-day average of 30.2%.
Chesapeake’s Implied Volatility: Stock Price Range Forecast
Chesapeake Energy’s (CHK) implied volatility as of October 30, 2017, was ~58%—9% higher than its 15-day average of ~53%.
Cabot Oil & Gas: Analyzing the Stock Price Range Forecast
Cabot Oil & Gas stock could close between $25.76 and $27.74 in the next seven days. Cabot Oil & Gas will likely stay in this range 68.0% of the time.
What’s in Store for Chesapeake Energy in 3Q17?
Chesapeake Energy (CHK) will release its earnings on November 2, 2017, before the market opens. Its 3Q17 revenue estimate is ~$2.1 billion, which is lower than $2.28 billion in 2Q17.
US Crude Oil’s Small Gain: Which Energy Stocks Outperformed Last Week?
Upstream stock California Resources (CRC) rose the most among the companies on our list of energy stocks between October 13 and October 20, 2017.
Shorting NBL: Reading the Short Interest Trend in Noble Energy Stock
On October 17, 2017, Noble Energy’s (NBL) short interest ratio was ~4%, compared with its short interest ratio of ~3.3% in January 2017.
Inside Noble Energy’s Production Goal for 2017
Noble Energy’s (NBL) 3Q17 volumes are expected to range between 352 Mboepd–358 Mboepd—from its previous guidance of 340 Mboepd–350 Mboepd.
Chesapeake Energy’s Revenue and Profit Margin Trends
Chesapeake Energy’s (CHK) 1Q17 revenue rose ~41% YoY. In comparison, its YoY revenue growth was approximately -39.3% in 1Q16 and -50.4% in 4Q16.
What’s the Short Interest for CHK Stock?
On September 29, 2017, short interest as a percentage of float, or the short interest ratio, in Chesapeake Energy (CHK) stock was 22.2%.
Behind Noble Midstream Partners’ Top 7 MLP Position
Noble Midstream Partners (NBLX) has 89% of analysts surveyed by Wall Street analysts rating it a “buy,” while the remaining 11% rate it as a “hold.”
These Have Been the Top 5 Energy M&A Deals So Far This Year
Merger and acquisition (or M&A) activity in the oil and gas sector has been in high gear in 2017.
What Are Whiting Petroleum’s Updated Capex Plans for 2017?
In its 2Q17 earnings conference, Whiting Petroleum (WLL) lowered its capex forecast for 2017 from $1.1 billion to $950 million.
Chesapeake Energy’s Implied Volatility: What Can We Forecast?
Current implied volatility for Chesapeake Energy’s (CHK) stock is 56.0%. EQT (EQT) and Noble Energy (NBL) have implied volatilities of 28.3% and 32.3%, respectively.
Chart of the Week: RICE Acquisition Impacts EQT
Following the close of the Rice acquisition, EQT’s Marcellus acreage would rise from 813,000 to 1.0 million.
Chesapeake Energy’s Production Expenses: Lowest among Peers
Chesapeake Energy’s (CHK) production expense in 2016 was $3.05 per boe (barrel of oil equivalent).
Chesapeake Energy’s Earnings Have Improved, Revenues Have Fallen
Chesapeake Energy’s (CHK) 2Q17 EPS (earnings per share) was $0.18 compared to -$0.14 in 2Q16 and $0.23 in 1Q17.
How Chesapeake Energy’s Implied Volatility Has Changed
Chesapeake Energy’s (CHK) current implied volatility is 61.0%, which is ~5.2% lower than its 15-day average of ~58.0%.
Can Chesapeake Energy Stock Rise from the Doldrums?
Chesapeake Energy stock (CHK) has fallen for most of this year. It picked up slightly in April but wasn’t able to hold those levels.
Noble Energy’s Implied Volatility: Understanding the Trends
Noble Energy’s (NBL) current implied volatility is 31%, which is ~2% higher than its 15-day average of ~30.4%.
Why Noble Energy Stock Fell after the 2Q17 Earnings Release
Following Noble Energy’s (NBL) 2Q17 earnings release on August 3, Noble Energy stock fell 8%. Since the beginning of this year, NBL’s stock has fallen 33.54%.
The Short Interest Trends in Chesapeake Energy Stock
On July 31, 2017, the short interest ratio for Chesapeake Energy (CHK) stock was ~23%.
The Scoop on Cabot Oil & Gas’s 2Q17 Earnings and Revenue
Cabot Oil & Gas (COG) reported its 2Q17 earnings on July 28, 2017. It reported revenue of ~$461.0 million, which was in line with analysts’ estimate.
Making Sense of EQT’s Implied Volatility Trends
EQT’s (EQT) implied volatility as of July 27, 2017, was ~32%, ~8% lower than its 15-day average of ~35%.
How Chesapeake Energy Stock Fared Last Week
Unable to sustain the improvement it saw in its stock price the week before, Chesapeake (CHK) stock slid last week, taking another beating by energy prices.
Key Updates from the Energy Sector on July 17–21, 2017
Noble Energy (NBL) will report its 2Q17 earnings on August 3, 2017. The company’s revenue estimates for 2Q17 stand at $1.06 billion.
Noble Energy: Short Interest Trends in Its Stock
On July 19, 2017, Noble Energy’s (NBL) short interest ratio was ~3.4%. At the beginning of the year, Noble Energy’s short interest ratio was ~3.3%.
Chesapeake Energy’s Production Plan for 2017
For 2017, Chesapeake Energy (CHK) has provided a production growth guidance range of 0%–4.0%.
Cabot Oil & Gas: Short Interest Trends in Its Stock
On July 18, 2017, Cabot Oil & Gas’s (COG) short interest ratio was ~4.7%. At the beginning of the year, its short interest ratio was 4.2%.
Cabot Oil & Gas’s Production Expectations for 2017
Cabot Oil & Gas (COG) provided a 2Q17 production guidance of 1,780 MMcf (million cubic feet) per day–1,820 MMcf per day of natural gas.
A Look at Anadarko’s 2Q17 Earnings Estimates
Anadarko Petroleum (APC) plans to release its 2Q17 earnings on July 24, 2017. APC’s 2Q17 revenue estimate stands at ~$2.5 billion compared to its 2Q16 revenues of ~$1.9 billion.
Carrizo Oil and Gas Enhances Its Delaware Basin Position
On June 28, 2017, Carrizo Oil & Gas (CRZO) announced its intention to acquire properties owned by ExL Petroleum Management in the Delaware Basin.
Understanding the Short Interest Trends in Noble Energy Stock
The short interest ratio (or short interest as a percentage of float) in Noble Energy (NBL) stock on June 27, 2017, was ~3.4%.
Assessing Noble Energy’s Recent Stock Performance
In this part of our series, we’ll compare Noble Energy (NBL) stock movements with movements in the broader industry, the broader market, crude prices, and natural gas prices.
How Does Noble Energy’s Debt Position Look?
Noble Energy’s (NBL) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) rose steadily between 1Q15 and 1Q16.
How Does Noble Midstream Add Value to Noble Energy?
Noble Energy (NBL) generated $245 million from its first dropdown to Noble Midstream Partners (NBLX) earlier in June 2017.
An Update on Noble Energy’s Leviathan Project
On February 23, 2017, Noble Energy (NBL) sanctioned the first phase of its Leviathan natural gas project offshore Israel.
How Has Noble Energy Performed Recently in Eagle Ford?
Noble Energy (NBL) owns 35,000 net acres in the Eagle Ford Shale, with 360 gross drilling locations and 460 MMboe (million barrels of oil equivalent) net unrisked resources.
Noble Energy’s Oil Production Mix Has Increased in the DJ Basin
Noble Energy (NBL) holds the largest acreage position in the DJ Basin compared to its acreage positions in other plays in the US onshore space.
What Does the CWEI Acquisition Bring to the Table for NBL?
The first step Noble Energy took toward its objective of increased liquids focus in 2017 was its $2.7 billion acquisition of Clayton Williams Energy, which it announced in January this year.
NBL Focuses on Liquids Growth in DJ, Delaware, and Eagle Ford
Noble Energy has been increasing its US onshore liquids focus. It holds acreage positions in premiere US shale plays such as the DJ Basin, the Delaware Basin, and the Eagle Ford Shale.
Anadarko Petroleum’s Key Strategies This Year
Anadarko Petroleum’s key strategies In this part, we’ll discuss Anadarko Petroleum’s (APC) focus areas, cash-generation areas, and future value areas. As we saw in the previous part, Anadarko will focus on its US onshore and Gulf of Mexico operations in 2017. The company believes that its improving cash flow and cash position put it in […]