Noble Energy Receives Consensus Rating of “Buy” from Brokerages (NYSE:NBL)
Noble Energy (NYSE:NBL) has received an average rating of “Buy” from the twenty-six ratings firms that are currently covering the company, ARN reports. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $72.65.
A number of research firms have recently commented on NBL. Analysts at Johnson Rice reiterated an “overweight” rating on shares of Noble Energy in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note on Tuesday, May 13th. They now have a $74.00 price target on the stock. Finally, analysts at Iberia Capital upgraded shares of Noble Energy from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $90.00 price target on the stock.
Noble Energy (NYSE:NBL) opened at 72.36 on Friday. Noble Energy has a one year low of $56.92 and a one year high of $78.01. The stock’s 50-day moving average is $71.62 and its 200-day moving average is $68.7. The company has a market cap of $26.050 billion and a P/E ratio of 28.66.
Noble Energy (NYSE:NBL) last released its earnings data on Thursday, April 24th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Analysts expect that Noble Energy will post $3.23 EPS for the current fiscal year.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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