Trade-Ideas LLC identified

Noble Energy

(

NBL

) as a "dead cat bounce" (down big yesterday but up big today) 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 $195.2 million.
  • NBL has traded 55,119 shares today.
  • NBL is up 3.3% today.
  • NBL was down 6.1% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NBL with the Ticky from Trade-Ideas. See the FREE profile for NBL NOW at Trade-Ideas

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 2.5%. NBL has a PE ratio of 2839. Currently there are 11 analysts that rate Noble Energy a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TST Recommends

The average volume for Noble Energy has been 4.8 million shares per day over the past 30 days. Noble Energy has a market cap of $12.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.29 and a short float of 5.5% with 2.32 days to cover. Shares are down 11.8% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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 36.5%. 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 39.51%, 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.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.