Insider Selling: Noble Energy CEO Unloads 15,600 Shares of Stock (NBL)
Noble Energy (NYSE:NBL) CEO Charles Davidson sold 15,600 shares of the company’s stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $69.50, for a total transaction of $1,084,200.00. Following the transaction, the chief executive officer now directly owns 1,105,693 shares in the company, valued at approximately $76,845,664. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $78.91.
Noble Energy (NYSE:NBL) traded up 1.46% during mid-day trading on Friday, hitting $71.76. The stock had a trading volume of 888,436 shares. Noble Energy has a 52-week low of $45.00 and a 52-week high of $70.78. The stock’s 50-day moving average is $66. and its 200-day moving average is $61.53. The company has a market cap of $25.762 billion and a price-to-earnings ratio of 22.87.
Noble Energy (NYSE:NBL) last announced its 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 $3.47 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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