Noble Energy PT Raised to $46.00 (NBL)
Investment analysts at Susquehanna increased their price target on shares of Noble Energy (NYSE:NBL) from $45.00 to $46.00 in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential downside of 36.60% from the company’s current price.
In other Noble Energy news, CEO Charles D. Davidson unloaded 15,600 shares of the 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 value of $1,084,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Noble Energy (NYSE:NBL) traded up 2.59% during mid-day trading on Friday, hitting $72.56. 2,246,949 shares of the company’s stock traded hands. Noble Energy has a one year low of $45.00 and a one year high of $72.62. The stock has a 50-day moving average of $66.46 and a 200-day moving average of $61.63. The company has a market cap of $26.049 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. Analysts expect that Noble Energy will post $3.47 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about 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’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $78.91.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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