Share on StockTwits

Equities research analysts at Wunderlich lifted their price objective on shares of Noble Energy (NYSE:NBL) from $84.00 to $88.00 in a research note issued to investors on Friday, Stock Ratings News reports. Wunderlich’s price objective points to a potential upside of 32.93% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Mizuho upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $78.00 price target on the stock, up previously from $75.00. Separately, analysts at Cowen and Company initiated coverage on shares of Noble Energy in a research note to investors on Monday, January 27th. They set an “outperform” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of Noble Energy to an “equal weight” rating in a research note to investors on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and an average price target of $78.76.

Shares of Noble Energy (NYSE:NBL) traded up 5.73% on Friday, hitting $66.20. The stock had a trading volume of 6,021,431 shares. 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 $64.89 and a 200-day moving average of $67.24. The company has a market cap of $23.766 billion and a P/E ratio of 20.59.

Noble Energy (NYSE:NBL) last released its earnings data on Thursday, February 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.42. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts expect that Noble Energy will post $3.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, February 24th. Stockholders of record on Monday, February 10th will be given a dividend of 0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, February 6th.

In other Noble Energy news, VP Susan Cunningham unloaded 34,188 shares of the company’s stock on the open market in a transaction dated Thursday, January 30th. The stock was sold at an average price of $63.19, for a total transaction of $2,160,339.72. Following the completion of the transaction, the vice president now directly owns 136,884 shares in the company, valued at approximately $8,649,700. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.