Noble Energy Price Target Raised to $75.00 at Barclays Capital (NBL)
Investment analysts at Barclays Capital raised their price objective on shares of Noble Energy (NYSE:NBL) from $71.00 to $75.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective would indicate a potential upside of 11.56% from the company’s current price.
A number of other analysts have also recently weighed in 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, September 13th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy (NYSE:NBL) in a research note to investors on Tuesday, September 10th. 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. Thirteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Noble Energy presently has an average rating of “Buy” and a consensus target price of $82.83.
Shares of Noble Energy (NYSE:NBL) traded up 1.30% on Friday, hitting $67.23. 1,338,087 shares of the company’s stock traded hands. Noble Energy has a one year low of $45.00 and a one year high of $68.43. The stock has a 50-day moving average of $64.68 and a 200-day moving average of $60.84. The company has a market cap of $24.136 billion and a P/E ratio of 21.46.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts predict that Noble Energy will post $3.51 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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