Stifel Nicolaus set a $42.00 price target on Noble Energy (NYSE:NBL) in a research note issued to investors on Monday. The firm currently has a buy rating on the oil and gas development company’s stock.

A number of other equities analysts also recently commented on NBL. Credit Suisse Group began coverage on Noble Energy in a report on Monday, December 11th. They set an outperform rating and a $35.00 target price for the company. Imperial Capital began coverage on Noble Energy in a research note on Thursday, September 28th. They issued an outperform rating and a $40.00 price target on the stock. Mizuho reaffirmed a buy rating on shares of Noble Energy in a research note on Friday, September 29th. Cowen set a $35.00 price target on Noble Energy and gave the stock a buy rating in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co cut Noble Energy from an overweight rating to a neutral rating and set a $30.00 price target on the stock. in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Noble Energy presently has an average rating of Buy and a consensus price target of $39.60.

Noble Energy (NYSE:NBL) opened at $27.86 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $13,250.32, a P/E ratio of 113.46 and a beta of 1.16. Noble Energy has a twelve month low of $22.99 and a twelve month high of $40.89.

Noble Energy (NYSE:NBL) last announced its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. The company had revenue of $960.00 million during 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 firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. research analysts expect that Noble Energy will post -0.05 EPS for the current year.

In other news, Director Thomas J. Edelman sold 200,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $26.99, for a total value of $5,398,000.00. Following the sale, the director now directly owns 2,952,878 shares of the company’s stock, valued at $79,698,177.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David L. Stover bought 19,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was bought at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the completion of the purchase, the chief executive officer now owns 727,254 shares of the company’s stock, valued at approximately $19,134,052.74. The disclosure for this purchase can be found here. Over the last three months, insiders sold 518,787 shares of company stock worth $14,283,745. Insiders own 2.28% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cadence Capital Management LLC grew its stake in shares of Noble Energy by 1.0% in the second quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock worth $451,000 after acquiring an additional 163 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Noble Energy by 3.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock worth $259,000 after acquiring an additional 293 shares during the last quarter. Energy Opportunities Capital Management LLC grew its stake in shares of Noble Energy by 0.4% in the second quarter. Energy Opportunities Capital Management LLC now owns 68,867 shares of the oil and gas development company’s stock worth $1,949,000 after acquiring an additional 305 shares during the last quarter. Gofen & Glossberg LLC IL grew its stake in shares of Noble Energy by 5.3% in the second quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock worth $258,000 after acquiring an additional 456 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Noble Energy by 2.8% in the second quarter. Nordea Investment Management AB now owns 19,763 shares of the oil and gas development company’s stock worth $559,000 after acquiring an additional 543 shares during the last quarter. 94.16% 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. 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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