Noble Energy, Inc. (NYSE:NBL) has been given an average rating of “Buy” by the thirty research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $41.83.
NBL has been the topic of a number of analyst reports. TD Securities initiated coverage on shares of Noble Energy in a research note on Thursday, July 5th. They set a “buy” rating and a $45.00 target price on the stock. Bank of America initiated coverage on shares of Noble Energy in a research note on Tuesday, July 10th. They set a “buy” rating and a $59.00 target price on the stock. Morgan Stanley initiated coverage on shares of Noble Energy in a research note on Thursday, July 12th. They set an “equal weight” rating and a $39.00 target price on the stock. Mitsubishi UFJ Financial Group lifted their target price on shares of Noble Energy to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. Finally, Mizuho initiated coverage on shares of Noble Energy in a research note on Monday, July 23rd. They set a “buy” rating and a $51.00 target price on the stock.
Shares of Noble Energy stock opened at $31.61 on Wednesday. The firm has a market cap of $15.07 billion, a PE ratio of 101.97, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. Noble Energy has a 1-year low of $24.28 and a 1-year high of $37.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Noble Energy had a return on equity of 2.89% and a net margin of 19.01%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, equities analysts expect that Noble Energy will post 0.99 EPS for the current fiscal year.
In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of Noble Energy stock in a transaction on Wednesday, September 26th. The shares were 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 can be accessed through this link. Insiders own 1.96% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Park National Corp OH bought a new stake in Noble Energy in the 2nd quarter valued at $2,455,000. James Investment Research Inc. bought a new stake in Noble Energy in the 2nd quarter valued at $2,101,000. American Century Companies Inc. increased its holdings in Noble Energy by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 7,460,070 shares of the oil and gas development company’s stock valued at $263,191,000 after acquiring an additional 119,166 shares during the last quarter. CIBC World Markets Inc. increased its holdings in Noble Energy by 50.0% in the 2nd quarter. CIBC World Markets Inc. now owns 19,206 shares of the oil and gas development company’s stock valued at $678,000 after acquiring an additional 6,404 shares during the last quarter. Finally, Rothschild Asset Management Inc. bought a new stake in Noble Energy in the 2nd quarter valued at $39,381,000. Institutional investors own 97.68% of the company’s stock.
Noble Energy Company Profile
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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