Noble Energy Inc. (NYSE:NBL)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a report released on Wednesday. They presently have a $45.00 price objective on the oil and gas development company’s stock. Jefferies Group’s price objective would indicate a potential upside of 28.24% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Mizuho began coverage on Noble Energy in a report on Friday, October 14th. They set a “buy” rating and a $44.00 price target for the company. Nomura reissued a “buy” rating and issued a $17.00 target price on shares of Noble Energy in a research note on Monday, September 26th. Johnson Rice reissued a “buy” rating and issued a $21.00 target price (up from $19.00) on shares of Noble Energy in a research note on Thursday, September 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Noble Energy in a research note on Monday, July 18th. Finally, Barclays PLC reissued a “buy” rating on shares of Noble Energy in a research note on Sunday, July 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.53.

Analyst Recommendations for Noble Energy (NYSE:NBL)

Shares of Noble Energy (NYSE:NBL) opened at 35.09 on Wednesday. The stock’s market capitalization is $15.09 billion. The stock’s 50 day moving average price is $34.93 and its 200 day moving average price is $35.20. Noble Energy has a one year low of $23.77 and a one year high of $39.85.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.05. Noble Energy had a negative return on equity of 2.16% and a negative net margin of 90.52%. The firm earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. During the same period last year, the firm posted $0.26 EPS. The business’s revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Noble Energy will post ($1.06) EPS for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Noble Energy by 29.6% in the first quarter. Franklin Resources Inc. now owns 936,399 shares of the oil and gas development company’s stock valued at $29,413,000 after buying an additional 213,975 shares in the last quarter. Bessemer Group Inc. bought a new stake in Noble Energy during the first quarter valued at $150,000. M&T Bank Corp increased its stake in Noble Energy by 100.7% in the first quarter. M&T Bank Corp now owns 100,647 shares of the oil and gas development company’s stock valued at $3,162,000 after buying an additional 50,503 shares in the last quarter. Aviva PLC increased its stake in Noble Energy by 1.2% in the first quarter. Aviva PLC now owns 298,012 shares of the oil and gas development company’s stock valued at $9,360,000 after buying an additional 3,625 shares in the last quarter. Finally, Credit Agricole S A increased its stake in Noble Energy by 0.9% in the first quarter. Credit Agricole S A now owns 149,471 shares of the oil and gas development company’s stock valued at $4,695,000 after buying an additional 1,336 shares in the last quarter. 93.82% of the stock is currently owned by institutional investors.

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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