- NBL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $113.7 million.
- NBL has traded 502,361 shares today.
- NBL is trading at 4.68 times the normal volume for the stock at this time of day.
- NBL crossed below its 200-day simple moving average.
'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. 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 1.1%. Currently there are 16 analysts that rate Noble Energy a buy, no analysts rate it a sell, and 7 rate it a hold. The average volume for Noble Energy has been 3.5 million shares per day over the past 30 days. Noble Energy has a market cap of $15.1 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.16 and a short float of 3% with 3.85 days to cover. Shares are up 8.5% 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 sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 1204.5% when compared to the same quarter one year ago, falling from -$22.00 million to -$287.00 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, NOBLE ENERGY INC underperformed against that of the industry average and is significantly less than that of the S&P 500.
- Net operating cash flow has significantly decreased to $251.00 million or 53.60% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, NOBLE ENERGY INC has marginally lower results.
- NOBLE ENERGY INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, NOBLE ENERGY INC swung to a loss, reporting -$5.74 versus $3.24 in the prior year. This year, the market expects an improvement in earnings (-$1.05 versus -$5.74).
- After a year of stock price fluctuations, the net result is that NBL's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- You can view the full Noble Energy Ratings Report.
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