Among the biggest risers on the S&P 500 on Friday November 08 was Noble Energy Inc. ($NBL), popping some 4.23% to a price of $21.43 a share with some 8.18 million shares trading hands.
Starting the day trading at $20.33, Noble Energy Inc. reached an intraday high of $21.50 and hit intraday lows of $20.10. Shares gained $0.87 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 478.25 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $17.11 to $28.40.
Noble Energy is an independent oil and gas producer with key assets in the U.S., Israel, and West Africa. At the end of 2018, the company reported net proven reserves of 1.9 billion barrels of oil equivalent. Net production averaged 353 thousand barrels of oil equivalent per day in 2018, at a ratio of 57% oil and natural gas liquids and 43% natural gas.
Noble Energy Inc. has its corporate headquarters located in Houston, TX and employs 2,330 people. Its market cap has now risen to $10.25 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 1.14, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
