Noble Energy Inc. (NYSE:NBL) – Equities research analysts at Macquarie issued their FY2020 earnings estimates for shares of Noble Energy in a report issued on Tuesday. Macquarie analyst P. Grigel anticipates that the firm will post earnings per share of $0.53 for the year.

A number of other research firms also recently commented on NBL. Credit Suisse Group AG reissued a “buy” rating on shares of Noble Energy in a report on Thursday, November 10th. Nomura reaffirmed a “buy” rating and issued a $41.00 price target on shares of Noble Energy in a report on Monday, November 7th. Jefferies Group reaffirmed a “buy” rating and issued a $45.00 price target on shares of Noble Energy in a report on Thursday, November 3rd. Bank of America Corp. reaffirmed a “hold” rating on shares of Noble Energy in a report on Thursday, November 17th. Finally, Seaport Global Securities downgraded shares of Noble Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $38.00 in a report on Thursday, November 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.71.

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

Noble Energy (NYSE:NBL) traded up 1.29% during midday trading on Wednesday, reaching $36.22. 2,654,542 shares of the company’s stock traded hands. Noble Energy has a 52 week low of $23.77 and a 52 week high of $38.62. The stock’s market capitalization is $15.57 billion. The company’s 50-day moving average price is $35.95 and its 200 day moving average price is $35.59.

Several hedge funds have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in shares of Noble Energy by 5.1% in the third quarter. Capital Research Global Investors now owns 52,125,401 shares of the oil and gas development company’s stock worth $1,862,962,000 after buying an additional 2,516,916 shares during the period. Capital World Investors boosted its stake in shares of Noble Energy by 2.7% in the third quarter. Capital World Investors now owns 44,693,484 shares of the oil and gas development company’s stock worth $1,597,345,000 after buying an additional 1,182,334 shares during the period. Vanguard Group Inc. boosted its stake in shares of Noble Energy by 1.6% in the second quarter. Vanguard Group Inc. now owns 27,700,989 shares of the oil and gas development company’s stock worth $993,635,000 after buying an additional 432,855 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Noble Energy by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,420,392 shares of the oil and gas development company’s stock worth $408,165,000 after buying an additional 208,450 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Noble Energy by 2.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 9,609,023 shares of the oil and gas development company’s stock worth $343,426,000 after buying an additional 249,300 shares during the period. 95.38% of the stock is currently owned by institutional investors.

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

The firm 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. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. Noble Energy’s dividend payout ratio (DPR) is -6.19%.

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About Noble Energy

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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