Noble Energy Inc. (NYSE:NBL)‘s stock had its “buy” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research note issued to investors on Friday. They presently have a $35.00 price objective on the oil and gas development company’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 35.66% from the company’s previous close.

Several other equities research analysts also recently issued reports on NBL. Barclays PLC dropped their target price on Noble Energy from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday. Imperial Capital began coverage on Noble Energy in a research report on Thursday, September 28th. They issued an “outperform” rating and a $40.00 price objective on the stock. Mizuho reiterated a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Seaport Global Securities upgraded Noble Energy from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Finally, Cowen and Company set a $35.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $40.66.

Shares of Noble Energy (NYSE NBL) opened at $25.80 on Friday. The stock has a market capitalization of $12,646.92, a price-to-earnings ratio of 108.29 and a beta of 1.18. Noble Energy has a 12-month low of $22.99 and a 12-month high of $42.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Noble Energy (NYSE:NBL) last posted its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) earnings per share. sell-side analysts forecast that Noble Energy will post -0.06 EPS for the current year.

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In other Noble Energy news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the sale, the director now directly owns 114,226 shares of the company’s stock, valued at approximately $3,263,436.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Edelman sold 300,000 shares of Noble Energy stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. 2.28% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Cadence Capital Management LLC boosted its position in Noble Energy by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock valued at $451,000 after acquiring an additional 163 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Noble Energy by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock valued at $259,000 after acquiring an additional 293 shares in the last quarter. Energy Opportunities Capital Management LLC boosted its position in Noble Energy by 0.4% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 68,867 shares of the oil and gas development company’s stock valued at $1,949,000 after acquiring an additional 305 shares in the last quarter. Hartford Investment Management Co. boosted its position in Noble Energy by 0.3% during the 2nd quarter. Hartford Investment Management Co. now owns 98,830 shares of the oil and gas development company’s stock valued at $2,797,000 after acquiring an additional 339 shares in the last quarter. Finally, Investment Management of Virginia LLC boosted its position in Noble Energy by 0.3% during the 2nd quarter. Investment Management of Virginia LLC now owns 122,336 shares of the oil and gas development company’s stock valued at $3,462,000 after acquiring an additional 407 shares in the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.

Noble Energy Company Profile

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.

Analyst Recommendations for Noble Energy (NYSE:NBL)

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