Noble Energy (NBL) – Investment Analysts’ Weekly Ratings Updates

Noble Energy (NYSE: NBL) recently received a number of ratings updates from brokerages and research firms:

  • 2/2/2018 – Noble Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/30/2018 – Noble Energy was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • 1/30/2018 – Noble Energy was given a new $38.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 1/29/2018 – Noble Energy was given a new $40.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/24/2018 – Noble Energy had its price target raised by analysts at Morgan Stanley from $36.00 to $39.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Noble Energy was given a new $40.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/16/2018 – Noble Energy was given a new $43.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 1/10/2018 – Noble Energy was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating.
  • 1/9/2018 – Noble Energy had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $41.00 price target on the stock.
  • 12/20/2017 – Noble Energy was given a new $36.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 12/20/2017 – Noble Energy was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock.
  • 12/19/2017 – Noble Energy was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating.
  • 12/18/2017 – Noble Energy was given a new $42.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 12/15/2017 – Noble Energy was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $30.00 price target on the stock.

Shares of Noble Energy, Inc. (NYSE:NBL) opened at $25.68 on Monday. The company has a market capitalization of $12,496.08, a P/E ratio of -6.44 and a beta of 1.14. Noble Energy, Inc. has a 12 month low of $22.99 and a 12 month high of $39.60. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be issued 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 1.56%. Noble Energy’s dividend payout ratio (DPR) is currently -10.03%.

In related news, CEO David L. Stover bought 19,000 shares of Noble Energy stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the acquisition, the chief executive officer now owns 727,254 shares in the company, valued at $19,134,052.74. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kenneth M. Fisher sold 7,621 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the sale, the chief financial officer now owns 197,144 shares of the company’s stock, valued at $5,677,747.20. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by insiders.

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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