NYSE:NBL

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential second-rate dividend payer.


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


Market Performance


7 Day Return

0.4%

NYSE:NBL

-2.6%

US Oil and Gas

-1.9%

US Market


1 Year Return

-26.8%

NYSE:NBL

-26.1%

US Oil and Gas

-3.3%

US Market

NBL matched the Oil and Gas industry (-26%) over the past year.

NBL underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

NBLIndustryMarket
7 Day0.4%-2.6%-1.9%
30 Day4.1%-10.4%-6.2%
90 Day-0.5%-10.3%0.3%
1 Year-25.3%-26.8%-23.3%-26.1%-1.1%-3.3%
3 Year-36.0%-38.9%-9.6%-17.7%37.9%28.9%
5 Year-67.7%-70.1%-34.8%-43.8%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

1.14x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Noble Energy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Noble Energy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Noble Energy is loss making, we can't compare its value to the US Oil and Gas industry average.

Noble Energy is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Noble Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Noble Energy is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

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

59.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Noble Energy's revenue is expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).

Noble Energy's earnings are expected to grow significantly at over 20% yearly.

Noble Energy's revenue growth is expected to exceed the United States of America market average.

Noble Energy's earnings growth is expected to exceed the United States of America market average.

Noble Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Noble Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Noble Energy performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Noble Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Noble Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Noble Energy's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Noble Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Noble Energy has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Noble Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Noble Energy's financial position?


Financial Position Analysis

Noble Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Noble Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Noble Energy's level of debt (68%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (50.9% vs 68% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


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.

Noble Energy has less than a year of cash runway based on current free cash flow.

Noble Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 56.1% each year.


Next Steps

Dividend

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

2.20%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Noble Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Noble Energy's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).


Next Steps

Management

What is the CEO of Noble Energy's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Dave Stover (61yo)

4.8yrs

Tenure

US$11,213,168

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

Dave's remuneration is about average for companies of similar size in United States of America.

Dave's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

58yo

Average Age

The tenure for the Noble Energy management team is about average.


Board Age and Tenure

4.3yrs

Average Tenure

65yo

Average Age

The tenure for the Noble Energy board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$212,59506 Mar 19
James Craddock
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares9,000
Max PriceUS$23.62

Ownership Breakdown


Management Team

  • Dave Stover (61yo)

    Chairman & CEO

    • Tenure: 4.8yrs
    • Compensation: US$11.21m
  • Kenneth Fisher (57yo)

    Executive VP & CFO

    • Tenure: 9.8yrs
    • Compensation: US$4.39m
  • Brent Smolik (57yo)

    President & COO

    • Tenure: 0.8yrs
    • Compensation: US$4.65m
  • Rachel Clingman

    Senior VP

    • Tenure: 1.3yrs
    • Compensation: US$2.39m
  • Brad Whitmarsh

    Vice President of Investor Relations

    • Tenure: 0.0yrs
  • Dustin Hatley (52yo)

    VP, Chief Accounting Officer & Controller

    • Tenure: 7.5yrs
  • John Elliott (61yo)

    Senior Vice President of Offshore

    • Tenure: 6.3yrs
    • Compensation: US$2.61m
  • Terry Gerhart (59yo)

    Senior Vice President of Midstream

    • Tenure: 3.8yrs
  • Ben Dillon

    Vice President of Communications & Government Relations

    • Tenure: 0.0yrs
  • Chris Michel

    Senior VP of Human Resources

    • Tenure: 0.1yrs

Board Members

  • Thomas Edelman (68yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$315.32k
  • William Van Kleef (67yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$333.32k
  • MIke Cawley (71yo)

    Independent Director

    • Tenure: 24.6yrs
    • Compensation: US$348.32k
  • Jeffrey Berenson (68yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$308.32k
  • Barbara Duganier (60yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$309.58k
  • Dave Stover (61yo)

    Chairman & CEO

    • Tenure: 4.8yrs
    • Compensation: US$11.21m
  • Holli Ladhani (48yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$291.98k
  • Jim Craddock (60yo)

    Independent Director

    • Tenure: 4.1yrs
    • Compensation: US$325.32k
  • Scott Urban (65yo)

    Lead Independent Director

    • Tenure: 0.3yrs
    • Compensation: US$329.32k

Company Information

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


Key Information

  • Name: Noble Energy, Inc.
  • Ticker: NBL
  • Exchange: NYSE
  • Founded: 1932
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$10.334b
  • Shares outstanding: 478.44m
  • 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
NBLNYSE (New York Stock Exchange)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

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:44
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.