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Equities research analysts at Howard Weil upped their price objective on shares of Noble Energy (NYSE:NBL) from $85.00 to $88.00 in a research note issued to investors on Thursday. The firm currently has a “focus stock” rating on the stock. Howard Weil’s price target would suggest a potential upside of 16.11% from the stock’s previous close.

Shares of Noble Energy (NYSE:NBL) opened at 75.79 on Thursday. Noble Energy has a 1-year low of $60.14 and a 1-year high of $79.63. The stock has a 50-day moving average of $74.57 and a 200-day moving average of $69.75. The company has a market cap of $27.284 billion and a price-to-earnings ratio of 30.02.

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 $3.36 EPS for the current fiscal year.

A number of other firms have also 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, nine have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $73.00.

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

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