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Research analysts at Cowen and Company assumed coverage on shares of Noble Energy (NYSE:NBL) in a report released on Monday, AnalystRatingsNetwork reports. The firm set an “outperform” rating on the stock.

Noble Energy (NYSE:NBL) traded down 1.32% on Monday, hitting $62.14. 2,238,212 shares of the company’s stock traded hands. Noble Energy has a 52 week low of $52.62 and a 52 week high of $78.01. The stock has a 50-day moving average of $66.63 and a 200-day moving average of $67.36. The company has a market cap of $22.308 billion and a price-to-earnings ratio of 20.71.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley downgraded shares of Noble Energy to an “equal weight” rating in a research note to investors on Tuesday, January 21st. Separately, analysts at ISI Group downgraded shares of Noble Energy to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $78.00.

Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.

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