Seaport Global Securities upgraded shares of Noble Energy (NYSE:NBL) from a neutral rating to a buy rating in a research report released on Tuesday, December 19th, Marketbeat reports. Seaport Global Securities also issued estimates for Noble Energy’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.01) EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.12 EPS and FY2018 earnings at $0.49 EPS.
A number of other equities analysts have also weighed in on NBL. Cowen set a $35.00 price objective on shares of Noble Energy and gave the company a buy rating in a research report on Friday, August 25th. Jefferies Group reiterated a buy rating and issued a $32.00 price objective (down from $36.00) on shares of Noble Energy in a research report on Tuesday, August 29th. Piper Jaffray Companies lowered their price objective on shares of Noble Energy from $47.00 to $32.00 and set an overweight rating on the stock in a research report on Monday, September 18th. Imperial Capital assumed coverage on shares of Noble Energy in a research report on Thursday, September 28th. They issued an outperform rating and a $40.00 price objective on the stock. Finally, Mizuho reissued a buy rating on shares of Noble Energy in a report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $39.47.
Noble Energy (NYSE NBL) traded up $0.09 during mid-day trading on Tuesday, reaching $32.23. 4,247,700 shares of the company’s stock were exchanged, compared to its average volume of 4,155,333. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $15,660.00, a PE ratio of -8.08 and a beta of 1.16. Noble Energy has a 12 month low of $22.99 and a 12 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) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts predict that Noble Energy will post -0.01 EPS for the current year.
In other news, VP Gary W. Willingham purchased 30,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average price of $26.00 per share, with a total value of $780,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David L. Stover purchased 19,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of $26.31 per share, with a total value of $499,890.00. Following the purchase, the chief executive officer now directly owns 727,254 shares in the company, valued at $19,134,052.74. The disclosure for this purchase can be found here. Insiders have sold a total of 518,787 shares of company stock valued at $14,283,745 in the last ninety days. Corporate insiders own 2.28% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in Noble Energy in the 2nd quarter valued at about $106,000. Massey Quick Simon & CO. LLC acquired a new position in Noble Energy in the 3rd quarter valued at about $155,000. Sawyer & Company Inc acquired a new position in Noble Energy in the 4th quarter valued at about $169,000. Global X Management Co. LLC raised its stake in Noble Energy by 22.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after purchasing an additional 1,291 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in Noble Energy in the 2nd quarter valued at about $214,000. 94.16% of the stock is 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.
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