Noble Energy Receives “Top Pick” Rating from FBR Capital Markets (NBL)
Noble Energy (NYSE:NBL)‘s stock had its “top pick” rating reaffirmed by research analysts at FBR Capital Markets in a report released on Wednesday, StockRatingsNetwork reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim raised their price target on shares of Noble Energy from $75.00 to $77.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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, October 18th. They now have a “positive” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Noble Energy has a consensus rating of “Buy” and an average target price of $78.05.
In other Noble Energy news, CEO Charles D. Davidson sold 15,600 shares of the stock 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 filing with the Securities & Exchange Commission, which is available at this link.
Shares of Noble Energy (NYSE:NBL) traded down 2.73% during mid-day trading on Wednesday, hitting $71.28. 1,314,603 shares of the company’s stock traded hands. Noble Energy has a 52-week low of $42.975 and a 52-week high of $67.26. The stock’s 50-day moving average is $63.29 and its 200-day moving average is $59.7. The company has a market cap of $25.590 billion and a price-to-earnings ratio of 23.69.
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 $3.45 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%.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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