Noble Energy Price Target Increased to $77.00 by Analysts at Guggenheim (NBL)
Stock analysts at Guggenheim lifted their target price on shares of Noble Energy (NYSE:NBL) from $75.00 to $77.00 in a report issued on Tuesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 5.08% from the company’s current price.
Shares of Noble Energy (NYSE:NBL) traded up 1.27% on Tuesday, hitting $73.28. The stock had a trading volume of 3,068,283 shares. Noble Energy has a 52 week low of $42.975 and a 52 week high of $73.88. The stock’s 50-day moving average is $66.95 and its 200-day moving average is $61.93. The company has a market cap of $26.308 billion and a P/E ratio of 23.39.
Noble Energy (NYSE:NBL) last released its earnings data 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 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 $3.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 18th. Shareholders of record on Monday, November 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Noble Energy from $72.00 to $84.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Noble Energy from $45.00 to $46.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Finally, 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, October 16th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.22.
In other Noble Energy news, CEO Charles D. Davidson unloaded 15,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $69.50, for a total transaction of $1,084,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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