Seaport Global Securities upgraded shares of Noble Energy (NYSE:NBL) from a neutral rating to a buy rating in a research report report published on Tuesday, December 19th, MarketBeat reports. Seaport Global Securities also issued estimates for Noble Energy’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.01) EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.12 EPS and FY2018 earnings at $0.49 EPS.
Several other brokerages also recently weighed in on NBL. Stifel Nicolaus set a $39.00 price target on Noble Energy and gave the stock a buy rating in a research report on Thursday, October 5th. Mizuho reaffirmed a buy rating on shares of Noble Energy in a research report on Friday, September 29th. Imperial Capital started coverage on Noble Energy in a research report on Thursday, September 28th. They set an outperform rating and a $40.00 target price on the stock. Jefferies Group cut Noble Energy from a buy rating to a hold rating and set a $29.00 target price on the stock. in a research report on Monday, October 9th. Finally, Morgan Stanley raised their target price on Noble Energy from $34.00 to $36.00 and gave the company an overweight rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $39.47.
Shares of Noble Energy (NYSE NBL) traded up $0.80 during mid-day trading on Tuesday, reaching $32.14. The company had a trading volume of 3,882,663 shares, compared to its average volume of 4,142,883. The stock has a market cap of $15,640.00, a price-to-earnings ratio of -8.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Noble Energy has a one year low of $22.99 and a one year high of $40.89.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. equities analysts predict that Noble Energy will post -0.01 earnings per share for the current year.
In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the transaction, the director now directly owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 518,787 shares of company stock worth $14,283,745. 2.28% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its position in shares of Noble Energy by 68.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 200,290 shares of the oil and gas development company’s stock valued at $5,668,000 after buying an additional 81,285 shares during the period. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Noble Energy during the 2nd quarter valued at approximately $460,000. CNH Partners LLC purchased a new stake in shares of Noble Energy during the 2nd quarter valued at approximately $1,348,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Noble Energy during the 3rd quarter valued at approximately $11,285,000. Finally, South Dakota Investment Council raised its position in shares of Noble Energy by 1.0% during the 2nd quarter. South Dakota Investment Council now owns 783,998 shares of the oil and gas development company’s stock valued at $22,187,000 after buying an additional 7,400 shares during the period. 94.16% of the stock is currently owned by hedge funds and other institutional investors.
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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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