Noble Energy, Inc. (NBL): From Top to Bottom

Noble Energy, Inc. (NBL) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $29.14, down from yesterday’s close by -0.65%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Noble Energy, Inc. (NBL) currently trades with a market capitalization of $14.27 Billion. That value represents a market adjusting for revenues that have been growing by 5.49 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$548 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 1.48% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how NBL has been acting. Looking at the stock’s movement on the chart, Noble Energy, Inc. recorded a 52-week high of $40.89. It is now trading 11.75% off that level. The stock is trading $27.23 its 50-day moving average by -1.91%. The stock carved out a 52-week low down at $22.99.

In recent action, Noble Energy, Inc. (NBL) has made a move of +10.80% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.28% with $477.66 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NBL.

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