Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Noble Energy, Inc.    NBL

Delayed Quote. Delayed  - 10/25 10:00:55 pm
34.28 USD   -3.11%
10/25 Noble Energy Declares Quarterly Dividend
10/23 NOBLE ENERGY : Party representatives join protest against gas deal w..
10/22 NOBLE ENERGY : CTC students help renovate Habitat for Humanity home ..
News SummaryMost relevantAll newsSector news 

Noble Energy, Inc. : Noble Energy Swings To 4Q Loss Amid Asset Writedowns

share with twitter share with LinkedIn share with facebook
share via e-mail
02/09/2012 | 02:29pm CEST

Noble Energy Inc. (>> Noble Energy, Inc.) swung to a fourth-quarter loss amid $620 million in asset writedowns and negative hedging impacts, though the oil and gas explorer's revenue continued to benefit from higher average realized oil and natural-gas prices.

Noble estimated its 2012 capital spending plans at $3.5 billion, with 51% allocated to U.S. onshore projects, 22% to the Eastern Mediterranean, 14% to West Africa and 7% to deepwater projects in the Gulf of Mexico. Allocations also include China and the North Sea.

Production is expected to increase between 244,000 and 256,000 barrels of oil equivalent per day. Nearly all of the projected growth is in crude oil and condensate, which is expected to increase 40%. The company expects production in the current quarter to remain mostly unchanged from fourth-quarter levels.

Noble Energy in November said it plans to gradually increase its capital spending to $5 billion a year in 2016 from the $3 billion anticipated for 2011.

Noble Energy in December announced a major natural-gas discovery the waters near Cyprus, building on a string of recent successes in the area known as the greater Levant basin. The company and its partners have made several discoveries in the basin, which is off the coasts of Cyprus, Israel, Lebanon and Syria--which could help make the area a major natural-gas exporter.

Noble reported a loss of $296 million, or $1.67 a share, from a year-earlier profit of $52 million, or 29 cents a share. Excluding the writedown, derivatives impacts and other items, earnings were up at $1.18 and $1.04. Revenue increased 26% to $985 million. Analysts polled by Thomson Reuters most recently projected earnings of $1.17 on revenue of $965 million.

Production from Houston-based Noble Energy, which has core operations are in the U.S., West Africa and Israel, grew 6.4% to 233 million barrels of oil equivalent per day.

The latest period was expected to include production from Noble's Pennsylvania's Marcellus Shale joint venture with Consol Energy Inc. (>> CONSOL Energy Inc.). The company's $3.4 billion deal for a 50% stake in Consol's Marcellus shale field closed in October, giving it a foothold in one of the world's most prolific natural-gas regions.

Shares closed Wednesday at $104.36 and were inactive premarket. The stock is up about 17% in the past year.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stocks mentioned in the article : Noble Energy, Inc., CONSOL Energy Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NOBLE ENERGY, INC.
10/25 Noble Energy Declares Quarterly Dividend
10/23 NOBLE ENERGY : Party representatives join protest against gas deal with Israel
10/22 NOBLE ENERGY : CTC students help renovate Habitat for Humanity home near Carmich..
10/20 S&P 500 ANALYST MOVES : Nbl
10/18 NOBLE ENERGY : Activists use music, comedy to protest gas deal with Israel
10/14 NOBLE ENERGY : Fox Run Management L.l.c. buys $729,096 stake in Noble Energy
10/12 NOBLE ENERGY : Students march on campus to protest gas deal with Israel
10/12 NOBLE ENERGY : CONE Midstream Schedules Earnings Release and Conference Call For..
10/10DJMARKET SNAPSHOT : U.S. Stocks March Higher As Oil Rally Fuels Energy-sector Gain..
10/06 NOBLE ENERGY : Blackout planned to protest gas deal with Israel
More news
Sector news : Oil & Gas Exploration and Production - NEC
10/24DJCONCHO RESOURCES : Private-Equity Investors Seek Buyer for Alpha Crude Connector
10/22DJEnergy Producers Edge Closer to Tapping 'Drilled but Uncompleted' Wells
10/21DJU.S. HOT STOCKS : Hot Stocks to Watch
10/21DJAsian Shares Lower; Hong Kong Markets Shut Due to Typhoon
10/19DJWoodside Production, Revenue Rise on-Quarter
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
10/25 Noble Energy declares $0.10 dividend
10/16 BAKKEN UPDATE : 30 Of The Best U.S. Oil Wells Show Why Operators Can Compete Int..
10/13 RSP Permian to buy Silver Hill Energy Partners in $2.4B deal
10/07 Is Noble Energy Inc. Stock A Buy Right Now?
10/06 BAKKEN UPDATE : Overview Of Concho Well Economics In The Permian
Financials ($)
Sales 2016 3 572 M
EBIT 2016 -634 M
Net income 2016 -711 M
Debt 2016 6 348 M
Yield 2016 1,17%
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 5,90x
EV / Sales 2017 4,82x
Capitalization 14 729 M
More Financials
Duration : Period :
Noble Energy, Inc. Technical Analysis Chart | NBL | US6550441058 | 4-Traders
Full-screen chart
Technical analysis trends NOBLE ENERGY, INC.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 43,6 $
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
David L. Stover Chairman, President & Chief Executive Officer
Gary W. Willingham Executive Vice President-Operations
Kenneth M. Fisher Chief Financial Officer & Executive Vice President
Edward F. Cox Independent Director
Michael A. Cawley Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NOBLE ENERGY, INC.4.10%14 729
CNOOC LTD30.81%61 620
OIL & NATURAL GAS CORP..21.90%36 989
More Results