Noble Energy Target of Unusually Large Options Trading (NBL)
Shares of Noble Energy (NYSE:NBL) were the recipient of unusually large options trading on Friday. Stock investors purchased 4,707 put options on the stock, American Banking News reports. This is an increase of 573% compared to the average volume of 699 put options.
A number of research firms have recently commented on NBL. Analysts at Howard Weil raised their price target on shares of Noble Energy from $85.00 to $88.00 in a research note on Thursday. They now have a “focus stock” rating on the stock. Separately, 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. Finally, analysts at Johnson Rice reiterated an “overweight” rating on shares of Noble Energy in a research note on Tuesday, June 3rd. Ten investment 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $73.00.
Shares of Noble Energy (NYSE:NBL) traded down 1.63% on Friday, hitting $73.69. The stock had a trading volume of 1,541,769 shares. Noble Energy has a one year low of $60.14 and a one year high of $79.63. The stock’s 50-day moving average is $74.86 and its 200-day moving average is $69.78. The company has a market cap of $26.528 billion and a P/E ratio of 29.67.
Noble Energy (NYSE:NBL) last released its earnings data 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 $3.36 earnings per share 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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