Friday, November 27, 2015

Trade-Ideas: Noble Energy (NBL) Is Today's Post-Market Leader Stock | The Street Wire

Trade-Ideas: Noble Energy (NBL) Is Today's Post-Market Leader Stock

Get TheStreet Quant Ratings' exclusive 5-page report for (NBL) now.

Trade-Ideas LLC identified Noble Energy ( NBL) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Noble Energy as such a stock due to the following factors:

NBL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $137.3 million.

NBL is up 2.9% today from today's close.

More details on NBL:

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. The stock currently has a dividend yield of 1.9%. NBL has a PE ratio of 3694. Currently there are 11 analysts that rate Noble Energy a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for Noble Energy has been 5.9 million shares per day over the past 30 days. Noble Energy has a market cap of $15.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.23 and a short float of 4.1% with 3.35 days to cover. Shares are down 22.1% year-to-date as of the close of trading on Wednesday.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Noble Energy as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:

NBL, with its decline in revenue, slightly underperformed the industry average of 36.8%. Since the same quarter one year prior, revenues fell by 37.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
NBL's debt-to-equity ratio of 0.65 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.76 is weak.
Net operating cash flow has decreased to $520.00 million or 45.03% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 33.18%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 159.82% compared to the year-earlier quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.