Insider Selling: Arnold Johnson Sells 7,000 Shares of Noble Energy Stock (NBL)
Noble Energy (NYSE:NBL) VP Arnold Johnson unloaded 7,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $69.50, for a total value of $486,500.00. Following the sale, the vice president now directly owns 96,166 shares in the company, valued at approximately $6,683,537. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NBL has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Noble Energy from $43.00 to $42.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Noble Energy from an “outperform” rating to an “underperform” rating in a research note to investors on Wednesday. Finally, analysts at Raymond James cut their price target on shares of Noble Energy from $52.00 to $50.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and an average price target of $78.91.
Shares of Noble Energy (NYSE:NBL) traded up 1.45% on Friday, hitting $71.7526. 887,966 shares of the company’s stock traded hands. Noble Energy has a 52 week low of $45.00 and a 52 week high of $70.78. The stock has a 50-day moving average of $66. and a 200-day moving average of $61.53. The company has a market cap of $25.759 billion and a price-to-earnings ratio of 22.87.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts predict that Noble Energy will post $3.47 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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