Noble Energy (NYSE:NBL) has been given a $34.00 price objective by UBS Group in a research report issued on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. UBS Group’s price target would indicate a potential upside of 42.56% from the stock’s current price.
A number of other analysts have also commented on the stock. Morgan Stanley set a $35.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Tuesday, January 29th. Barclays set a $27.00 price objective on shares of Noble Energy and gave the company a “sell” rating in a research note on Wednesday, January 16th. ValuEngine lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Raymond James set a $32.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. raised shares of Noble Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $32.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the stock. Noble Energy currently has a consensus rating of “Buy” and a consensus target price of $38.19.
NYSE NBL traded down $0.65 on Thursday, reaching $23.85. The company’s stock had a trading volume of 2,738,724 shares, compared to its average volume of 6,019,485. Noble Energy has a twelve month low of $17.11 and a twelve month high of $37.76. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 26.50 and a beta of 1.38.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Friday, May 3rd. The oil and gas development company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Noble Energy had a negative net margin of 19.63% and a positive return on equity of 2.05%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted $0.35 earnings per share. Noble Energy’s quarterly revenue was down 18.2% compared to the same quarter last year. As a group, research analysts predict that Noble Energy will post 0.09 earnings per share for the current year.
In other news, Director James E. Craddock sold 9,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total value of $212,580.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.81% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its holdings in Noble Energy by 59.2% in the fourth quarter. Huntington National Bank now owns 1,430 shares of the oil and gas development company’s stock worth $27,000 after buying an additional 532 shares during the last quarter. Advantage Investment Management LLC increased its holdings in Noble Energy by 114.4% in the first quarter. Advantage Investment Management LLC now owns 1,192 shares of the oil and gas development company’s stock worth $29,000 after buying an additional 636 shares during the last quarter. Pearl River Capital LLC acquired a new position in Noble Energy in the fourth quarter worth approximately $30,000. Moody National Bank Trust Division acquired a new position in Noble Energy in the first quarter worth approximately $31,000. Finally, Rational Advisors LLC increased its holdings in Noble Energy by 2,271.8% in the fourth quarter. Rational Advisors LLC now owns 1,684 shares of the oil and gas development company’s stock worth $32,000 after buying an additional 1,613 shares during the last quarter. Hedge funds and other institutional investors own 98.57% of the company’s stock.
Noble Energy Company Profile
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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