Insider Selling: Noble Energy COO Unloads 8,000 Shares of Stock (NBL)
Noble Energy (NYSE:NBL) COO David Stover sold 8,000 shares of Noble Energy stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $65.00, for a total transaction of $520,000.00. Following the completion of the transaction, the chief operating officer now directly owns 277,466 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy (NYSE:NBL) in a research note to investors on Tuesday. They now have a $67.00 price target on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Noble Energy (NYSE:NBL) in a research note to investors on Friday, September 6th. They set a “buy” rating on the stock. Finally, analysts at UBS AG downgraded shares of Noble Energy (NYSE:NBL) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th.
One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $84.29.
Noble Energy (NYSE:NBL) traded up 1.71% on Wednesday, hitting $66.17. 1,918,747 shares of the company’s stock traded hands. Noble Energy has a 52-week low of $45.00 and a 52-week high of $66.30. The stock’s 50-day moving average is $63.17 and its 200-day moving average is $59.5. The company has a market cap of $23.755 billion and a price-to-earnings ratio of 21.03.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.77 earnings per share. Noble Energy’s revenue was up 18.9% compared to the same quarter last year. On average, analysts predict that Noble Energy will post $3.45 earnings per share for the current fiscal year.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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