Noble Energy Inc. (NBL) Given New $33.00 Price Target at Barclays PLC
Noble Energy Inc. (NYSE:NBL) had its price target raised by investment analysts at Barclays PLC from $32.00 to $33.00 in a note issued to investors on Wednesday. The firm presently has an “overweight” rating on the oil and gas development company’s stock. Barclays PLC’s target price would suggest a potential upside of 18.75% from the stock’s current price.
NBL has been the subject of a number of other research reports. Jefferies Group LLC downgraded shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Monday. BMO Capital Markets set a $33.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Tuesday. Piper Jaffray Companies restated a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price objective on shares of Noble Energy in a research note on Friday, July 14th. Finally, Mizuho restated a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average price target of $41.02.
Shares of Noble Energy (NYSE:NBL) traded up 0.91% on Wednesday, reaching $27.79. The company had a trading volume of 4,129,393 shares. The company’s 50 day moving average price is $26.06 and its 200-day moving average price is $28.91. The stock’s market capitalization is $13.12 billion. Noble Energy has a 1-year low of $22.99 and a 1-year high of $42.03.
Noble Energy (NYSE:NBL) last issued its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Equities analysts predict that Noble Energy will post ($0.15) EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of NBL. Fifth Third Bancorp raised its holdings in Noble Energy by 5.5% during the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock worth $100,000 after purchasing an additional 153 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Noble Energy during the second quarter worth about $106,000. Harbour Capital Advisors LLC purchased a new position in Noble Energy during the first quarter worth about $136,000. Global X Management Co. LLC raised its holdings in Noble Energy by 30.1% during the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock worth $196,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Noble Energy during the first quarter worth about $201,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Noble Energy Company Profile
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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