Noble Energy (NYSE:NBL)‘s stock had its “hold” rating reiterated by investment analysts at Oppenheimer in a note issued to investors on Thursday.
Several other equities research analysts also recently weighed in on the company. Morgan Stanley set a $38.00 price target on Noble Energy and gave the stock a “hold” rating in a report on Friday, October 12th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Noble Energy in a report on Friday, September 28th. Barclays began coverage on Noble Energy in a report on Wednesday, August 29th. They issued an “underweight” rating and a $33.00 price target on the stock. KLR Group reiterated a “buy” rating and issued a $61.00 price target on shares of Noble Energy in a report on Monday, August 20th. Finally, Citigroup reduced their price target on Noble Energy from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.96.
NYSE:NBL opened at $26.34 on Thursday. The company has a market capitalization of $12.01 billion, a PE ratio of 84.97, a P/E/G ratio of 2.61 and a beta of 1.08. Noble Energy has a 1 year low of $23.83 and a 1 year high of $37.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. Noble Energy had a return on equity of 2.89% and a net margin of 19.01%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. Research analysts expect that Noble Energy will post 0.94 EPS for the current fiscal year.
In other news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of Noble Energy stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total value of $250,935,264.50. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.96% of the company’s stock.
Large investors have recently made changes to their positions in the company. Whittier Trust Co. purchased a new position in shares of Noble Energy in the 2nd quarter valued at $163,000. Advisors Preferred LLC purchased a new position in shares of Noble Energy in the 2nd quarter valued at $126,000. Piedmont Investment Advisors LLC purchased a new position in shares of Noble Energy in the 2nd quarter valued at $200,000. Ingalls & Snyder LLC purchased a new position in shares of Noble Energy in the 2nd quarter valued at $202,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of Noble Energy in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 97.32% of the company’s stock.
About Noble Energy
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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