Noble Energy (NBL) Given a $38.00 Price Target by Jefferies Group Analysts

Noble Energy (NYSE:NBL) has been given a $38.00 target price by investment analysts at Jefferies Group in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group’s price target points to a potential upside of 25.00% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus set a $42.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research note on Monday, December 18th. BMO Capital Markets set a $33.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Royal Bank of Canada set a $37.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research note on Sunday, October 15th. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 target price on shares of Noble Energy in a research note on Friday, November 17th. Finally, Cowen set a $40.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research note on Sunday, December 10th. Two equities 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.89.

Noble Energy (NYSE:NBL) traded down $1.73 during mid-day trading on Tuesday, hitting $30.40. 6,279,654 shares of the stock were exchanged, compared to its average volume of 4,200,000. The stock has a market capitalization of $14,790.00, a PE ratio of -7.62 and a beta of 1.16. 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 twelve month low of $22.99 and a twelve month high of $40.57.

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

In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Craddock sold 18,787 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction 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. In the last ninety days, insiders have sold 518,787 shares of company stock valued at $14,283,745. 2.28% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in Noble Energy in the 2nd quarter valued at about $106,000. Massey Quick Simon & CO. LLC acquired a new position in Noble Energy in the 3rd quarter valued at about $155,000. Sawyer & Company Inc acquired a new position in Noble Energy in the 4th quarter valued at about $169,000. Lourd Capital LLC acquired a new position in Noble Energy in the 4th quarter valued at about $203,000. Finally, Sciencast Management LP boosted its holdings in Noble Energy by 16.8% in the 2nd quarter. Sciencast Management LP now owns 8,582 shares of the oil and gas development company’s stock valued at $243,000 after purchasing an additional 1,232 shares during the last quarter. Institutional investors own 94.43% 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.