Noble Energy Stock Rating Lowered by Morgan Stanley (NBL)
Noble Energy (NYSE:NBL) was downgraded by analysts at Morgan Stanley to an “equal weight” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at ISI Group downgraded shares of Noble Energy to a “neutral” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Howard Weil upgraded shares of Noble Energy from an “outperform” rating to a “focus stock” rating in a research note to investors on Wednesday, January 8th. They now have a $85.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Noble Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 31st. They now have a $62.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $76.59.
Noble Energy (NYSE:NBL) traded up 0.27% during mid-day trading on Tuesday, hitting $64.07. 2,342,357 shares of the company’s stock traded hands. Noble Energy has a one year low of $52.62 and a one year high of $78.01. The stock’s 50-day moving average is $67.33 and its 200-day moving average is $67.28. The company has a market cap of $23.001 billion and a price-to-earnings ratio of 21.01.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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