Noble Energy Upgraded to “Outperform” by Iberia Capital (NBL)
Noble Energy (NYSE:NBL) was upgraded by analysts at Iberia Capital from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
In other Noble Energy news, VP J. Keith Elliott sold 6,000 shares of Noble Energy stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $75.07, for a total value of $450,420.00. Following the transaction, the vice president now directly owns 49,960 shares of the company’s stock, valued at approximately $3,750,497. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note on Friday. They now have a $79.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Noble Energy in a research note on Friday. They now have a $78.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of Noble Energy from $76.00 to $83.00 in a research note on Friday. They now have a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.89.
Shares of Noble Energy (NYSE:NBL) opened at 72.17 on Tuesday. Noble Energy has a 52-week low of $55.06 and a 52-week high of $78.01. The stock has a 50-day moving average of $70.06 and a 200-day moving average of $69.16. The company has a market cap of $25.981 billion and a price-to-earnings ratio of 28.83.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.07. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts predict that Noble Energy will post $3.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, May 1st. This is a boost from Noble Energy’s previous quarterly dividend of $0.14.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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