Noble Energy Inc. (NYSE:NBL) had its target price hoisted by equities researchers at Barclays PLC from $32.00 to $33.00 in a report released on Wednesday. The brokerage currently has an “overweight” rating on the oil and gas development company’s stock. Barclays PLC’s price target would indicate a potential upside of 19.83% from the stock’s current price.
A number of other research analysts also recently issued reports on NBL. BMO Capital Markets restated a “buy” rating and issued a $45.00 price objective on shares of Noble Energy in a research note on Thursday, June 22nd. Citigroup Inc. reduced their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 price objective on shares of Noble Energy in a research note on Thursday, July 20th. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $39.00 price target on shares of Noble Energy in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.02.
Noble Energy (NYSE:NBL) traded up 0.091% during midday trading on Wednesday, hitting $27.565. The stock had a trading volume of 1,321,655 shares. Noble Energy has a 1-year low of $22.99 and a 1-year high of $42.03. The stock’s 50-day moving average is $26.06 and its 200-day moving average is $28.91. The stock’s market capitalization is $13.41 billion.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Noble Energy’s revenue was up 25.0% compared to the same quarter last year. On average, equities research analysts anticipate that Noble Energy will post ($0.15) EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in NBL. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Noble Energy by 2.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock worth $304,000 after purchasing an additional 203 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Noble Energy by 9.7% in the 1st quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock worth $206,000 after purchasing an additional 524 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Noble Energy by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 680,307 shares of the oil and gas development company’s stock worth $23,362,000 after purchasing an additional 27,487 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Noble Energy in the 1st quarter worth $333,000. Finally, Teachers Advisors LLC increased its holdings in shares of Noble Energy by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 867,164 shares of the oil and gas development company’s stock worth $29,778,000 after purchasing an additional 28,211 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
Noble Energy Company Profile
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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