Noble Energy (NBL) To Post Q4 Earnings: What's In The Cards?
Zacks Investment Research | Feb 11, 2019 09:03PM ET
Noble Energy Inc. (NYSE:NBL) is scheduled to release fourth-quarter 2018 results on Feb 19. In the last reported quarter, the company pulled off positive earnings surprise of 68.75%.
Factors to Consider
The Zacks Consensus Estimate for total revenues is pegged at $1.17 billion, representing 2.58% fall on a year-over-year basis. The consensus mark for fourth-quarter earnings is pegged at 11 cents per share, reflecting a decline of 65.63% on a year-over-year basis.
Noble Energy expects fourth-quarter total sales volume in the range of 337-349 thousand barrels of oil equivalent per day (MBoe/d) and anticipates capex in the range of $625-$700 million.
In the fourth quarter the company expects U. S crude oil sales volume per day in the range of 109-119 MBoe/d , the midpoint of which is lower than the Zacks Consensus Estimate of 116 MBoe/d. The Zacks Consensus Estimate for fourth-quarter Israel natural gas volumes is pegged at 232 million cubic fit per day (MMcf/d), which is higher than the midpoint of the company's guidance of 220-240 MMcf/d.
The company expects productivity from the first row of Mustang IDP development to contribute to growth from the DJ Basin.
Noble Energy Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.