Insider Selling: Rodney Cook Unloads 5,000 Shares of Noble Energy Stock (NBL)
Noble Energy (NYSE:NBL) VP Rodney Cook sold 5,000 shares of Noble Energy stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $67.00, for a total value of $335,000.00. Following the transaction, the vice president now directly owns 128,956 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NBL. Analysts at Sanford C. Bernstein downgraded shares of Noble Energy (NYSE:NBL) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, 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. Finally, 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.
One research 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. Noble Energy has a consensus rating of “Buy” and a consensus target price of $82.35.
Shares of Noble Energy (NYSE:NBL) traded down 0.34% during mid-day trading on Friday, hitting $66.52. 1,611,873 shares of the company’s stock traded hands. Noble Energy has a 52 week low of $45.00 and a 52 week high of $67.26. The stock has a 50-day moving average of $63.29 and a 200-day moving average of $59.7. The company has a market cap of $23.881 billion and a price-to-earnings ratio of 21.58.
Noble Energy (NYSE:NBL) last released its earnings data 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. Analysts expect that Noble Energy will post $3.45 EPS 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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