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

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

NBL has been the subject of several other reports. Jefferies Group restated a buy rating and issued a $32.00 price objective (down from $36.00) on shares of Noble Energy in a report on Tuesday, August 29th. JPMorgan Chase & Co. lowered shares of Noble Energy from an overweight rating to a neutral rating and set a $30.00 price objective for the company. in a report on Friday, December 15th. Credit Suisse Group started coverage on shares of Noble Energy in a report on Monday, December 11th. They issued an outperform rating and a $35.00 price objective for the company. Barclays lowered their price objective on shares of Noble Energy from $33.00 to $30.00 and set an overweight rating for the company in a report on Thursday, November 16th. Finally, Cowen set a $40.00 price objective on shares of Noble Energy and gave the stock a buy rating in a report on Sunday, December 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $39.47.

Noble Energy (NYSE NBL) traded up $0.80 during trading on Monday, hitting $32.14. 3,882,663 shares of the stock were exchanged, compared to its average volume of 4,142,883. 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 stock has a market capitalization of $15,640.00, a price-to-earnings ratio of -8.06 and a beta of 1.16. Noble Energy has a one year low of $22.99 and a one year high of $40.89.

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 for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. Noble Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. sell-side analysts anticipate that Noble Energy will post -0.01 earnings per share for the current year.

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 shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the sale, the director now 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 available at the SEC website. Also, CEO David L. Stover bought 19,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $26.31 per share, with a total value of $499,890.00. Following the transaction, the chief executive officer now owns 727,254 shares in the company, valued at approximately $19,134,052.74. The disclosure for this purchase can be found here. Insiders have sold 518,787 shares of company stock valued at $14,283,745 in the last three months. 2.28% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Ares Management LLC purchased a new position in shares of Noble Energy during the 2nd quarter worth $499,364,000. Capital World Investors boosted its stake in shares of Noble Energy by 20.8% during the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock worth $1,561,730,000 after acquiring an additional 9,488,951 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Noble Energy by 29.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after acquiring an additional 8,933,476 shares during the last quarter. Carmignac Gestion boosted its stake in shares of Noble Energy by 107.3% during the 2nd quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock worth $332,635,000 after acquiring an additional 6,084,237 shares during the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in shares of Noble Energy during the 2nd quarter worth $75,546,000. 94.16% of the stock is owned by institutional investors and hedge funds.

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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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