Noble Energy, Inc. (NBL) Receives Average Recommendation of “Buy” from Analysts

Shares of Noble Energy, Inc. (NYSE:NBL) have been given an average rating of “Buy” by the twenty-two analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.75.

A number of analysts have commented on the company. Barclays reduced their price target on Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 16th. 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 research report on Monday, October 9th. JPMorgan Chase & Co. cut Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, December 15th. BMO Capital Markets set a $33.00 price target on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $37.00 price target on Noble Energy and gave the stock a “buy” rating in a research report on Sunday, October 15th.

Noble Energy (NBL) traded down $0.22 during mid-day trading on Monday, reaching $31.50. The company’s stock had a trading volume of 3,350,000 shares, compared to its average volume of 4,974,925. Noble Energy has a 52 week low of $22.99 and a 52 week high of $40.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $15,240.00, a P/E ratio of -7.89 and a beta of 1.16.

Noble Energy (NYSE:NBL) last posted its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. Noble Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. sell-side analysts anticipate that Noble Energy will post -0.01 EPS for the current year.

In other Noble Energy news, VP Gary W. Willingham bought 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $780,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David L. Stover bought 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average price of $26.31 per share, with a total value of $499,890.00. Following the transaction, the chief executive officer now directly owns 727,254 shares of the company’s stock, valued at approximately $19,134,052.74. The disclosure for this purchase can be found here. Insiders have sold 518,787 shares of company stock valued at $14,283,745 in the last quarter. 2.28% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in NBL. Tower Research Capital LLC TRC purchased a new position in Noble Energy during the 2nd quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC purchased a new position in Noble Energy during the 3rd quarter valued at approximately $155,000. Pacer Advisors Inc. grew its holdings 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 valued at $215,000 after buying an additional 580 shares in the last quarter. BT Investment Management Ltd purchased a new position in Noble Energy during the 2nd quarter valued at approximately $221,000. Finally, Riverhead Capital Management LLC grew its holdings in Noble Energy by 16.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,529 shares of the oil and gas development company’s stock valued at $241,000 after buying an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

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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.

Analyst Recommendations for Noble Energy (NYSE:NBL)

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