Noble Energy PT Raised to $85.00 (NBL)
Equities research analysts at Howard Weil lifted their price objective on shares of Noble Energy (NYSE:NBL) from $74.00 to $85.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target would suggest a potential upside of 11.10% from the company’s current price.
In other Noble Energy news, CEO Charles D. Davidson sold 15,600 shares of the company’s stock on the open market 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 $1,084,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on NBL. Analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note to investors on Friday. They now have a $78.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Noble Energy from $73.00 to $82.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Noble Energy from $75.00 to $83.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $82.71.
Noble Energy (NYSE:NBL) opened at 76.51 on Friday. Noble Energy has a 1-year low of $42.975 and a 1-year 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 $27.467 billion and a P/E ratio of 24.09.
Noble Energy (NYSE:NBL) last released its earnings data on Thursday, October 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.02. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. Analysts expect that Noble Energy will post $3.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 18th. Investors of record on Monday, November 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, October 31st.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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