Noble Energy Upgraded to “Hold” by Jefferson Research (NBL)
Noble Energy (NYSE:NBL) was upgraded by investment analysts at Jefferson Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports.
NBL has been the subject of a number of other recent research reports. Analysts at Bank of America upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a research note on Friday, February 7th. They now have a $87.00 price target on the stock, up previously from $82.00. Separately, analysts at UBS AG cut their price target on shares of Noble Energy from $80.00 to $76.00 in a research note on Friday, February 7th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Noble Energy from $84.00 to $88.00 in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Noble Energy has an average rating of “Buy” and a consensus target price of $78.76.
Noble Energy (NYSE:NBL) traded down 0.45% on Friday, hitting $66.15. The stock had a trading volume of 738,210 shares. Noble Energy has a 52 week low of $52.62 and a 52 week high of $78.01. The stock’s 50-day moving average is $64.82 and its 200-day moving average is $67.30. The company has a market cap of $23.864 billion and a P/E ratio of 24.65.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.65 earnings per share. Noble Energy’s revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Noble Energy will post $3.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 24th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, February 6th.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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