Noble Energy Inc. (NYSE:NBL) – Investment analysts at Jefferies Group boosted their FY2016 EPS estimates for Noble Energy in a report issued on Thursday. Jefferies Group analyst J. Wolff now anticipates that the brokerage will earn ($0.96) per share for the year, up from their previous estimate of ($1.22). Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Noble Energy’s Q4 2016 earnings at ($0.12) EPS, Q1 2017 earnings at ($0.20) EPS, Q2 2017 earnings at ($0.15) EPS, Q3 2017 earnings at ($0.07) EPS, Q4 2017 earnings at $0.02 EPS and FY2017 earnings at ($0.40) EPS.

Other research analysts have also recently issued reports about the company. Wells Fargo & Co. reissued a “hold” rating on shares of Noble Energy in a research report on Tuesday. Nomura reissued a “buy” rating and set a $41.00 price target on shares of Noble Energy in a research report on Monday, November 7th. Seaport Global Securities cut Noble Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $38.00 in a research report on Thursday, November 17th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Noble Energy in a research report on Thursday, November 10th. Finally, Bank of America Corp. reaffirmed a “hold” rating on shares of Noble Energy in a research report on Thursday, November 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Noble Energy has a consensus rating of “Buy” and an average target price of $40.71.

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

Noble Energy (NYSE:NBL) opened at 35.76 on Monday. Noble Energy has a one year low of $23.77 and a one year high of $38.62. The stock’s market capitalization is $15.38 billion. The stock’s 50 day moving average is $35.95 and its 200 day moving average is $35.59.

The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, November 3rd. Noble Energy’s payout ratio is presently -6.19%.

In other Noble Energy news, 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 transaction of $403,440.00. Following the transaction, the director now directly owns 3,032,978 shares of the company’s stock, valued at approximately $101,968,720.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the director now directly owns 82,269 shares in the company, valued at $2,801,259.45. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BP PLC acquired a new position in shares of Noble Energy during the second quarter worth about $1,972,000. Strs Ohio increased its position in shares of Noble Energy by 10.1% in the second quarter. Strs Ohio now owns 1,455,163 shares of the oil and gas development company’s stock worth $52,196,000 after buying an additional 133,449 shares in the last quarter. Carmignac Gestion acquired a new position in shares of Noble Energy during the second quarter worth about $218,343,000. Capital Fund Management S.A. acquired a new position in shares of Noble Energy during the second quarter worth about $22,382,000. Finally, National Investment Services Inc. WI increased its position in shares of Noble Energy by 119.4% in the second quarter. National Investment Services Inc. WI now owns 85,122 shares of the oil and gas development company’s stock worth $3,053,000 after buying an additional 46,332 shares in the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

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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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