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Noble Energy (NYSE:NBL) has been given an average rating of “Buy” by the twenty-seven ratings firms that are presently covering the stock, American Banking reports. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $76.75.

Shares of Noble Energy (NYSE:NBL) traded down 0.41% on Wednesday, hitting $71.11. The stock had a trading volume of 148,664 shares. 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 $71.15 and a 200-day moving average of $71.. The company has a market cap of $25.671 billion and a P/E ratio of 35.65.

Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.10. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that Noble Energy will post $3.07 EPS for the current fiscal year.

A number of research firms have recently commented on NBL. Analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note on Thursday, August 21st. They now have a $74.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Noble Energy to a “hold” rating in a research note on Tuesday, August 5th. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Noble Energy in a research note on Tuesday, July 29th. They now have a $84.00 price target on the stock, down previously from $92.00.

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

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