Noble Energy Director Unloads $684,180 in Stock (NBL)
Noble Energy (NYSE:NBL) Director Thomas J. Edelman sold 9,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $76.02, for a total transaction of $684,180.00. Following the completion of the sale, the director now directly owns 2,605,848 shares of the company’s stock, valued at approximately $198,096,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NBL. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Noble Energy in a research note on Wednesday, June 11th. They now have a $81.00 price target on the stock, up previously from $78.00. Separately, analysts at Johnson Rice reiterated an “overweight” rating on shares of Noble Energy in a research note on Tuesday, June 3rd. Finally, 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. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.82.
Noble Energy (NYSE:NBL) traded up 1.06% during mid-day trading on Thursday, hitting $77.42. 1,428,395 shares of the company’s stock traded hands. Noble Energy has a 1-year low of $57.63 and a 1-year high of $78.01. The stock has a 50-day moving average of $72.24 and a 200-day moving average of $68.96. The company has a market cap of $27.871 billion and a P/E ratio of 30.34.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.48 earnings per share. Noble Energy’s revenue was up 20.6% compared to the same quarter last year. Analysts expect that Noble Energy will post $3.24 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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