Noble Energy (NYSE:NBL) was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday.
NBL has been the subject of several other research reports. Stifel Nicolaus set a $39.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Mizuho reissued a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Imperial Capital began coverage on Noble Energy in a research report on Thursday, September 28th. They set an “outperform” rating and a $40.00 price objective for the company. Jefferies Group cut Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a report on Monday, October 9th. Finally, Morgan Stanley upped their price target on Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Noble Energy currently has a consensus rating of “Buy” and a consensus target price of $39.50.
Shares of Noble Energy (NYSE NBL) traded up $0.63 during midday trading on Tuesday, reaching $26.29. The company’s stock had a trading volume of 6,092,300 shares, compared to its average volume of 5,144,588. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy has a 1 year low of $22.99 and a 1 year high of $41.31. The stock has a market capitalization of $12,486.34, a P/E ratio of 106.92 and a beta of 1.16.
In other news, CEO David L. Stover acquired 19,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the transaction, the chief executive officer now owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James E. Craddock sold 18,787 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the transaction, the director now owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. Insiders sold a total of 518,787 shares of company stock worth $14,283,745 over the last quarter. Corporate insiders own 2.28% of the company’s stock.
Several hedge funds have recently bought and sold shares of NBL. Tower Research Capital LLC TRC acquired a new stake in Noble Energy during the 2nd quarter worth $106,000. Massey Quick Simon & CO. LLC acquired a new stake in Noble Energy during the 3rd quarter worth $155,000. Global X Management Co. LLC raised its stake in Noble Energy by 22.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock worth $198,000 after buying an additional 1,291 shares during the period. IndexIQ Advisors LLC acquired a new stake in Noble Energy during the 2nd quarter worth $214,000. Finally, Pacer Advisors Inc. raised its stake in Noble Energy by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock worth $215,000 after buying an additional 580 shares during the period. 94.16% of the stock is currently owned by institutional investors.
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About Noble Energy
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.
