Noble Energy Inc. (NYSE:NBL) – Research analysts at Credit Agricole SA upped their Q3 2016 earnings per share estimates for Noble Energy in a note issued to investors on Wednesday. Credit Agricole SA analyst A. Sen now forecasts that the brokerage will post earnings of ($0.29) per share for the quarter, up from their previous estimate of ($0.30). Credit Agricole SA currently has a “Outperform” rating on the stock. Credit Agricole SA also issued estimates for Noble Energy’s FY2016 earnings at ($1.27) EPS and FY2017 earnings at ($0.92) EPS.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The firm earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year.

Earnings History and Estimates for Noble Energy (NYSE:NBL)

NBL has been the subject of a number of other reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Noble Energy in a research report on Monday, July 18th. Deutsche Bank AG reissued a “buy” rating on shares of Noble Energy in a research report on Sunday, July 10th. Nomura reissued a “buy” rating and issued a $17.00 price target on shares of Noble Energy in a research report on Monday, September 26th. Wunderlich increased their price target on shares of Noble Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 6th. Finally, Barclays PLC increased their price target on shares of Noble Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.23.

Shares of Noble Energy (NYSE:NBL) opened at 35.18 on Friday. The firm’s market cap is $15.13 billion. Noble Energy has a 52 week low of $23.77 and a 52 week high of $39.85. The company has a 50 day moving average of $34.96 and a 200 day moving average of $35.08.

A number of hedge funds have recently made changes to their positions in NBL. Meeder Asset Management Inc. purchased a new stake in shares of Noble Energy during the first quarter worth approximately $153,000. Rafferty Asset Management LLC raised its stake in shares of Noble Energy by 244.8% in the first quarter. Rafferty Asset Management LLC now owns 25,909 shares of the oil and gas development company’s stock worth $814,000 after buying an additional 18,395 shares during the last quarter. State Street Corp raised its stake in shares of Noble Energy by 3.0% in the first quarter. State Street Corp now owns 22,085,356 shares of the oil and gas development company’s stock worth $693,709,000 after buying an additional 650,673 shares during the last quarter. Bernicke & Associates LTD raised its stake in shares of Noble Energy by 8.3% in the first quarter. Bernicke & Associates LTD now owns 21,116 shares of the oil and gas development company’s stock worth $663,000 after buying an additional 1,626 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Noble Energy by 709.9% in the first quarter. 1832 Asset Management L.P. now owns 278,600 shares of the oil and gas development company’s stock worth $14,432,000 after buying an additional 244,200 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

In related news, Director Jeffrey L. Berenson sold 10,000 shares of Noble Energy stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total value of $340,500.00. Following the completion of the sale, the director now directly owns 82,269 shares in the company, valued at $2,801,259.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Edelman sold 12,000 shares of Noble Energy stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $33.62, for a total value of $403,440.00. Following the completion of the sale, the director now owns 3,032,978 shares of the company’s stock, valued at $101,968,720.36. The disclosure for this sale can be found here. 2.17% of the stock is owned by corporate insiders.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

5 Day Chart for NYSE:NBL

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