Noble Energy, Inc. (NYSE:NBL) – Seaport Global Securities raised their FY2017 earnings per share (EPS) estimates for Noble Energy in a note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas development company will post earnings per share of $0.04 for the year, up from their prior forecast of ($0.01). Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Noble Energy’s Q4 2017 earnings at $0.06 EPS.
A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Wolfe Research cut shares of Noble Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Stifel Nicolaus set a $40.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Jefferies Group set a $38.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Noble Energy from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.89.
Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Energy during the 2nd quarter worth $106,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Noble Energy during the 3rd quarter worth $155,000. Sawyer & Company Inc purchased a new stake in shares of Noble Energy during the 4th quarter worth $169,000. Lourd Capital LLC purchased a new stake in shares of Noble Energy during the 4th quarter worth $203,000. Finally, Sciencast Management LP lifted its position in shares of Noble Energy by 16.8% during the 2nd quarter. Sciencast Management LP now owns 8,582 shares of the oil and gas development company’s stock worth $243,000 after purchasing an additional 1,232 shares during the last quarter. 94.59% of the stock is owned by institutional investors.
In other Noble Energy news, VP Gary W. Willingham purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average price of $26.00 per share, with a total value of $780,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The disclosure for this sale can be found here. Insiders sold a total of 507,621 shares of company stock valued at $13,966,485 in the last three months. 2.28% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.40 annualized dividend and a yield of 1.42%. Noble Energy’s dividend payout ratio is presently -10.03%.
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.
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