Basic Energy Sector: Noble Energy (NYSE:NBL) Escalating Estimation of Gas due to High Production

  on Dec 10,2012 Posted in Business News ,Featured
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Noble Energy (NBL), which is creating Marcellus gas with its associate Consol Energy, stated that its wells here are creating more gas than predicted in such amount that the firm is escalating its forecast of the gas recoverable in the JV’s area by 41%.

Noble Energy, Inc. (NYSE:NBL) added +2.13% with the closing price of $101.45. The overall volume in the last trading session was 1.50 million shares. Its fifty two week range was $76.83-$105.46. The total market capitalization remained $18.05 billion.

NBL is ahead of its 52 week low with 32.73% and its last month’s price volatility remained 11.94%. Its beta coefficient was 1.00 with a target price of $118.80. Company’s current year earnings per share down with -38.22% while the five years EPS growth rate was -7.75%.

Marathon Petroleum Corp. (NYSE:MPC) coverage was started at JPMorgan (JPM) with a Neutral, and a target price of $62. By doing this, the expert stated that they think the MPC portfolio offers attractive experience to the US Mid-Continent and Gulf Coast zones, investments planned to position the portfolio for an evolving North American crude production guidance, growing Gulf Coast existence upon conclusion of the Texas City takeover, and a midway MLP that might act as a source of further value capture through asset dropdowns.

Marathon Petroleum Corp (NYSE:MPC) moved up +2.19% and closed at $60.70 with the total traded volume of 4.19 million shares in last trading session. Its fifty two week range was $30.24-$60.74. The total market capitalization remained $20.59 billion.

SandRidge Energy (NYSE:SD) stock jumped up on Friday trading session mainly because of rumor of an acquisition, as per reported by an expert.

In last trading session, SandRidge Energy Inc. (NYSE:SD) jumped +7.36% and closed at $7.29 with the total traded volume of 38.16 million shares more than the average volume of 20.21 million. Stock’s 52 weeks high price was $51.56 and 52 weeks low price was -$19.36.

Exxon Mobil Corporation (NYSE:XOM)

The price of the stock moved up +0.68% and finished the day at $88.60 on above average volume. The day started out with a higher opening price of $88.17 versus prior close of $88.00. The total number of shares traded on the latest trading day was about 10.61 million shares, and changed hands at average prices of $87.77 to $88.64 apiece. The shares surged about 7.19% since the start of 2012 and has a 0.18% gain in last three months. Narrowing up the performance period, the stock rose 0.48% for the month and a +0.52% gain over the week.

Chevron Corporation (NYSE:CVX)

With the latest rise of 106.99%, it now has YTD performance +3.94% which for the week is positive at 1.23%. Apple pays a dividend yield of 3.36%. The company will report lower sales for the Quarter ending Dec-12, according to 5 analysts polled by Reuters. On average, they believe sales will arrive at $68,062.00 from $56,948.70 posted in the same quarter last year. The average sales forecast of 12 analysts for the full-year is $246,640.00, down as compared to $260,046.00annual sales a year ago.





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