Noble Energy PT Raised to $84.00 (NBL)
Investment analysts at Wunderlich upped their target price on shares of Noble Energy (NYSE:NBL) from $72.00 to $84.00 in a note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target suggests a potential upside of 9.79% from the stock’s previous close.
Noble Energy (NYSE:NBL) traded up 2.67% on Tuesday, hitting $76.51. 3,424,068 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 has a 50-day moving average of $63.29 and a 200-day moving average of $59.7. The company has a market cap of $27.467 billion and a P/E ratio of 24.51.
Noble Energy (NYSE:NBL) last released its earnings data on Thursday, October 24th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.93 earnings per share. Noble Energy’s revenue was up 38.7% compared to the same quarter last year. Analysts expect that Noble Energy will post $3.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 18th. Investors 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 0.73%. The ex-dividend date of this dividend is Thursday, October 31st.
In other Noble Energy news, CEO Charles D. Davidson sold 15,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $69.50, for a total transaction of $1,084,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on NBL. 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. Separately, 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. Finally, 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, October 16th. 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. The stock currently has an average rating of “Buy” and a consensus price target of $82.71.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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