Noble Energy (NYSE:NBL) Given a $42.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $42.00 target price on Noble Energy (NYSE:NBL) in a research report released on Monday, December 18th. The brokerage currently has a buy rating on the oil and gas development company’s stock.

NBL has been the subject of a number of other research reports. BMO Capital Markets set a $33.00 price objective on shares of Noble Energy and gave the stock a buy rating in a report on Tuesday, October 10th. Piper Jaffray Companies reduced their price target on shares of Noble Energy from $47.00 to $32.00 and set an overweight rating for the company in a report on Monday, September 18th. Morgan Stanley boosted their price target on shares of Noble Energy from $34.00 to $36.00 and gave the company an overweight rating in a report on Wednesday, October 18th. Barclays boosted their price target on shares of Noble Energy from $32.00 to $33.00 and gave the company an overweight rating in a report on Wednesday, October 11th. Finally, Jefferies Group downgraded shares of Noble Energy from a buy rating to a hold rating and set a $29.00 price target for the company. in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $39.47.

Noble Energy (NYSE NBL) traded up $0.09 during trading on Monday, reaching $32.23. 4,255,016 shares of the company’s stock were exchanged, compared to its average volume of 4,155,333. The firm has a market capitalization of $15,660.00, a P/E ratio of -8.08 and a beta of 1.16. 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 has a 1 year low of $22.99 and a 1 year high of $40.89.

Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. research analysts predict that Noble Energy will post -0.01 EPS for the current year.

In related news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction dated Thursday, November 2nd. The shares were 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 in the company, valued at $3,263,436.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of Noble Energy stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 518,787 shares of company stock worth $14,283,745. Company insiders own 2.28% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Cadence Capital Management LLC raised its position in 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 in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in 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 in the last quarter. Energy Opportunities Capital Management LLC raised its position in 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 in the last quarter. Gofen & Glossberg LLC IL raised its position in 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 in the last quarter. Finally, Nordea Investment Management AB raised its position in 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 in the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

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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.

Analyst Recommendations for Noble Energy (NYSE:NBL)

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