Noble Energy Inc. (NBL) PT Set at $39.00 by Stifel Nicolaus
Noble Energy Inc. (NYSE:NBL) received a $39.00 price target from investment analysts at Stifel Nicolaus in a research note issued on Thursday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 37.76% from the company’s previous close.
NBL has been the topic of a number of other reports. Piper Jaffray Companies decreased their price objective on Noble Energy from $47.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. BidaskClub raised Noble Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Scotiabank set a $38.00 price objective on Noble Energy and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Seaport Global Securities raised Noble Energy from a “sell” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $26.00 in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $41.30.
Noble Energy (NYSE NBL) opened at 28.31 on Thursday. The company has a 50-day moving average price of $25.82 and a 200 day moving average price of $29.05. Noble Energy has a 12 month low of $22.99 and a 12 month high of $42.03. The company’s market capitalization is $13.36 billion.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted ($0.24) EPS. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that Noble Energy will post ($0.15) EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in NBL. BlackRock Inc. lifted its position in shares of Noble Energy by 2,679.8% during the 1st quarter. BlackRock Inc. now owns 30,020,041 shares of the oil and gas development company’s stock worth $1,030,889,000 after buying an additional 28,940,088 shares during the last quarter. Ares Management LLC bought a new stake in shares of Noble Energy during the 2nd quarter worth $499,364,000. Capital World Investors lifted its position in shares of Noble Energy by 20.8% during the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock worth $1,561,730,000 after buying an additional 9,488,951 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Noble Energy by 29.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after buying an additional 8,933,476 shares during the last quarter. Finally, Carmignac Gestion lifted its position in shares of Noble Energy by 107.3% during the 2nd quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock worth $332,635,000 after buying an additional 6,084,237 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.
About Noble Energy
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.
Receive News & Stock Ratings for Noble Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy Inc. and related stocks with our FREE daily email newsletter.