Stifel Nicolaus set a $42.00 price objective on Noble Energy (NYSE:NBL) in a report released on Monday, December 18th. The firm currently has a buy rating on the oil and gas development company’s stock.
Other equities research analysts also recently issued reports about the company. Credit Suisse Group assumed coverage on Noble Energy in a report on Monday, December 11th. They issued an outperform rating and a $35.00 price objective for the company. Royal Bank of Canada set a $37.00 price objective on Noble Energy and gave the stock a buy rating in a report on Sunday, October 15th. Scotiabank set a $35.00 price objective on Noble Energy and gave the stock a hold rating in a report on Saturday, November 25th. Cowen set a $40.00 target price on Noble Energy and gave the stock a buy rating in a research report on Sunday, December 10th. Finally, Piper Jaffray Companies reissued a buy rating on shares of Noble Energy in a research report on Sunday, August 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $39.47.
Noble Energy (NYSE NBL) traded up $0.09 on Monday, reaching $32.23. The company’s stock had a trading volume of 4,255,006 shares, compared to its average volume of 3,928,695. Noble Energy has a twelve month low of $22.99 and a twelve month high of $40.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $15,639.56, a P/E ratio of -8.08 and a beta of 1.16.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. During the same period last year, the company earned ($0.07) earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. sell-side analysts predict that Noble Energy will post -0.01 EPS for the current fiscal year.
In other Noble Energy news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total value of $536,744.59. Following the sale, the director now owns 114,226 shares of the company’s stock, valued at approximately $3,263,436.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Stover acquired 19,000 shares of Noble Energy stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the purchase, the chief executive officer now owns 727,254 shares in the company, valued at $19,134,052.74. The disclosure for this purchase can be found here. Over the last three months, insiders sold 518,787 shares of company stock worth $14,283,745. 2.28% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Noble Energy during the 2nd quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC purchased a new position in Noble Energy during the 3rd quarter valued at $155,000. Sawyer & Company Inc purchased a new position in Noble Energy during the 4th quarter valued at $169,000. Global X Management Co. LLC boosted its holdings in Noble Energy by 22.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after acquiring an additional 1,291 shares during the period. Finally, IndexIQ Advisors LLC purchased a new position in Noble Energy during the 2nd quarter valued at $214,000. 94.16% of the stock is currently owned by hedge funds and other institutional investors.
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About Noble Energy
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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