Noble Energy Inc. (NBL) Given a $37.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $37.00 price target on Noble Energy Inc. (NYSE:NBL) in a report released on Sunday. The brokerage currently has a buy rating on the oil and gas development company’s stock.

Several other equities analysts also recently issued reports on NBL. BMO Capital Markets set a $33.00 target price on Noble Energy and gave the company a buy rating in a research report on Tuesday, October 10th. Barclays PLC increased their price target on Noble Energy from $32.00 to $33.00 and gave the stock an overweight rating in a research report on Wednesday, October 11th. Imperial Capital began coverage on Noble Energy in a research report on Thursday, September 28th. They set an outperform rating and a $40.00 price target on the stock. Seaport Global Securities raised Noble Energy from a sell rating to a neutral rating and increased their price target for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Finally, Mizuho reaffirmed a buy rating on shares of Noble Energy in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $40.98.

Shares of Noble Energy (NYSE:NBL) traded up 1.51% during mid-day trading on Friday, hitting $27.56. The company had a trading volume of 933,597 shares. Noble Energy has a 1-year low of $22.99 and a 1-year high of $42.03. The company’s market capitalization is $13.01 billion. The company has a 50-day moving average price of $26.47 and a 200-day moving average price of $28.77.

Noble Energy (NYSE:NBL) last released its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned ($0.24) EPS. The firm’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts anticipate that Noble Energy will post ($0.15) EPS for the current year.

WARNING: “Noble Energy Inc. (NBL) Given a $37.00 Price Target at Royal Bank Of Canada” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/16/noble-energy-inc-nbl-given-a-37-00-price-target-at-royal-bank-of-canada.html.

A number of institutional investors have recently modified their holdings of NBL. Raymond James Financial Services Advisors Inc. lifted its stake in Noble Energy by 2.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock valued at $304,000 after buying an additional 203 shares in the last quarter. Blair William & Co. IL lifted its stake in Noble Energy by 9.7% in the 1st quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock valued at $206,000 after buying an additional 524 shares in the last quarter. Systematic Financial Management LP purchased a new position in Noble Energy in the 1st quarter valued at about $333,000. Teachers Advisors LLC lifted its stake in Noble Energy by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 867,164 shares of the oil and gas development company’s stock valued at $29,778,000 after buying an additional 28,211 shares in the last quarter. Finally, Ngam Advisors L.P. purchased a new position in Noble Energy in the 1st quarter valued at about $583,000. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company. The Company is engaged in crude o

Several other equities analysts also recently issued reports on NBL. BMO Capital Markets set a $33.00 target price on Noble Energy and gave the company a buy rating in a research report on Tuesday, October 10th. Barclays PLC increased their price target on Noble Energy from $32.00 to $33.00 and gave the stock an overweight rating in a research report on Wednesday, October 11th. Imperial Capital began coverage on Noble Energy in a research report on Thursday, September 28th. They set an outperform rating and a $40.00 price target on the stock. Seaport Global Securities raised Noble Energy from a sell rating to a neutral rating and increased their price target for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Finally, Mizuho reaffirmed a buy rating on shares of Noble Energy in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $40.98.

Shares of Noble Energy (NYSE:NBL) traded up 1.51% during mid-day trading on Friday, hitting $27.56. The company had a trading volume of 933,597 shares. Noble Energy has a 1-year low of $22.99 and a 1-year high of $42.03. The company’s market capitalization is $13.01 billion. The company has a 50-day moving average price of $26.47 and a 200-day moving average price of $28.77.

Noble Energy (NYSE:NBL) last released its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned ($0.24) EPS. The firm’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts anticipate that Noble Energy will post ($0.15) EPS for the current year.

WARNING: “Noble Energy Inc. (NBL) Given a $37.00 Price Target at Royal Bank Of Canada” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/16/noble-energy-inc-nbl-given-a-37-00-price-target-at-royal-bank-of-canada.html.

A number of institutional investors have recently modified their holdings of NBL. Raymond James Financial Services Advisors Inc. lifted its stake in Noble Energy by 2.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock valued at $304,000 after buying an additional 203 shares in the last quarter. Blair William & Co. IL lifted its stake in Noble Energy by 9.7% in the 1st quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock valued at $206,000 after buying an additional 524 shares in the last quarter. Systematic Financial Management LP purchased a new position in Noble Energy in the 1st quarter valued at about $333,000. Teachers Advisors LLC lifted its stake in Noble Energy by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 867,164 shares of the oil and gas development company’s stock valued at $29,778,000 after buying an additional 28,211 shares in the last quarter. Finally, Ngam Advisors L.P. purchased a new position in Noble Energy in the 1st quarter valued at about $583,000. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

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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