Noble Energy Given Consensus Rating of “Buy” by Brokerages (NYSE:NBL)
Shares of Noble Energy (NYSE:NBL) have received a consensus rating of “Buy” from the twenty-seven ratings firms that are covering the stock, American Banking and Market News reports. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $76.75.
Noble Energy (NYSE:NBL) opened at 72.14 on Wednesday. Noble Energy has a one year low of $60.14 and a one year high of $79.63. The stock has a 50-day moving average of $70.72 and a 200-day moving average of $71.19. The company has a market cap of $26.043 billion and a P/E ratio of 35.41.
Noble Energy (NYSE:NBL) last announced its 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 $3.05 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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