NasdaqGS:NBL

Stock Analysis Report

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Executive Summary

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and natural gas worldwide.


Snowflake Analysis

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Noble Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NBL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.5%

NBL

1.5%

US Oil and Gas

1.0%

US Market


1 Year Return

-53.4%

NBL

-35.9%

US Oil and Gas

4.1%

US Market

Return vs Industry: NBL underperformed the US Oil and Gas industry which returned -36.3% over the past year.

Return vs Market: NBL underperformed the US Market which returned 3.7% over the past year.


Shareholder returns

NBLIndustryMarket
7 Day9.5%1.5%1.0%
30 Day23.5%9.0%5.4%
90 Day-34.0%-19.8%-5.7%
1 Year-52.5%-53.4%-32.9%-35.9%6.5%4.1%
3 Year-63.3%-65.1%-31.4%-38.6%28.3%19.8%
5 Year-75.2%-77.1%-39.1%-48.8%52.2%35.0%

Price Volatility Vs. Market

How volatile is Noble Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Noble Energy undervalued compared to its fair value and its price relative to the market?

46.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NBL ($10.1) is trading below our estimate of fair value ($18.98)

Significantly Below Fair Value: NBL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NBL is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: NBL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NBL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NBL is overvalued based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Noble Energy forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

81.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: NBL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NBL's is expected to become profitable in the next 3 years.

Revenue vs Market: NBL's revenue (6.6% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: NBL's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NBL's Return on Equity is forecast to be low in 3 years time (5.2%).


Next Steps

Past Performance

How has Noble Energy performed over the past 5 years?

-11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBL is currently unprofitable.

Growing Profit Margin: NBL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NBL is unprofitable, and losses have increased over the past 5 years at a rate of -11.1% per year.

Accelerating Growth: Unable to compare NBL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NBL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).


Return on Equity

High ROE: NBL has a negative Return on Equity (-99.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is Noble Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NBL's short term assets ($2.3B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: NBL's short term assets ($2.3B) do not cover its long term liabilities ($10.6B).


Debt to Equity History and Analysis

Debt Level: NBL's debt to equity ratio (164.3%) is considered high.

Reducing Debt: NBL's debt to equity ratio has increased from 50.9% to 164.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NBL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NBL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Noble Energy's current dividend yield, its reliability and sustainability?

0.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBL's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: NBL's dividend (0.79%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: NBL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: NBL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NBL is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NBL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

Dave Stover (61yo)

5.58yrs

Tenure

US$13,038,313

Compensation

Mr. David L. Stover, also known as Dave, has been the Chairman of Noble Energy, Inc., since April 2015 and has been its Chief Executive Officer since October 21, 2014. He served as President at Noble Energ ...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD13.04M) is above average for companies of similar size in the US market ($USD7.43M).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Stover
Chairman & CEO5.58yrsUS$13.04m0.15% $7.2m
Brent Smolik
President & COO1.5yrsUS$7.13m0.060% $2.9m
Kenneth Fisher
Executive VP & CFO10.5yrsUS$4.50m0.036% $1.7m
Rachel Clingman
Senior VP2yrsUS$3.16m0.018% $863.2k
John Elliott
Senior Vice President of Offshore7.08yrsUS$3.02m0.021% $1.0m
Terry Gerhart
Senior Vice President of Midstream4.58yrsno data0.0042% $202.0k
Dustin Hatley
VP, Chief Accounting Officer & Controller8.25yrsno data0.0088% $423.8k
Christine Michel
Senior VP of Human Resources0.83yrno data0.0095% $460.6k
Brad Whitmarsh
Vice President of Investor Relationsno datano datano data
Ben Dillon
Vice President of Communications & Government Relationsno datano datano data

5.1yrs

Average Tenure

57yo

Average Age

Experienced Management: NBL's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Stover
Chairman & CEO5.58yrsUS$13.04m0.15% $7.2m
Thomas Edelman
Independent Director15yrsUS$331.77k0.70% $33.7m
William Van Kleef
Independent Director14.5yrsUS$349.77k0.026% $1.3m
Jeffrey Berenson
Independent Director15yrsUS$334.77k0.016% $781.0k
Martha Wyrsch
Independent Director0.42yrUS$217.13k0.0045% $217.0k
Barbara Duganier
Independent Director2yrsUS$325.07k0.0054% $261.5k
Holli Ladhani
Independent Director2.58yrsUS$310.77k0.0086% $413.2k
James Craddock
Independent Director4.83yrsUS$346.77k0.022% $1.0m
Scott Urban
Lead Independent Director1.08yrsUS$363.44k0.015% $739.4k

4.8yrs

Average Tenure

61yo

Average Age

Experienced Board: NBL's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NBL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Noble Energy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noble Energy, Inc.
  • Ticker: NBL
  • Exchange: NasdaqGS
  • Founded: 1932
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$4.833b
  • Shares outstanding: 478.51m
  • Website: https://www.nblenergy.com

Number of Employees


Location

  • Noble Energy, Inc.
  • 1001 Noble Energy Way
  • Houston
  • Texas
  • 77070
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1972
NB6DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972
0K8ELSE (London Stock Exchange)YesCommon StockGBUSDDec 1972
NBL *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNDec 1972
N1BL34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019

Biography

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and natural gas worldwide. The company also owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. Its assets are located in the US onshore unconventional basins and various global offshore conventional basins in the Eastern Mediterranean and off the west coast of Africa. As of December 31, 2019, the company had 2,050 million barrels oil equivalent of total proved reserves. Noble Energy, Inc. was founded in 1932 and is headquartered in Houston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 01:34
End of Day Share Price2020/05/22 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.