Noble Energy (NYSE:NBL) received a $43.00 price target from stock analysts at Mizuho in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Mizuho’s price target suggests a potential upside of 35.78% from the stock’s previous close.
Several other equities analysts also recently weighed in on NBL. Piper Jaffray Companies lowered their target price on 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 initiated coverage on Noble Energy in a research report on Thursday, September 28th. They set an “outperform” rating and a $40.00 target price on the stock. Stifel Nicolaus set a $39.00 target price on Noble Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Jefferies Group downgraded Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research report on Monday, October 9th. Finally, 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. Two investment 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. Noble Energy currently has an average rating of “Buy” and an average price target of $39.26.
Shares of Noble Energy (NYSE:NBL) opened at $31.67 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy has a fifty-two week low of $22.99 and a fifty-two week high of $40.89. The company has a market capitalization of $15,683.35, a price-to-earnings ratio of -7.94 and a beta of 1.16.
In other Noble Energy news, CEO David L. Stover acquired 19,000 shares of the stock in a transaction dated Monday, December 18th. The shares were acquired at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the completion of the transaction, the chief executive officer now directly owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James E. Craddock sold 18,787 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. Insiders sold 518,787 shares of company stock worth $14,283,745 over the last 90 days. Company insiders own 2.28% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Energy in the second quarter worth about $106,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Noble Energy in the third quarter worth about $155,000. Sawyer & Company Inc purchased a new stake in shares of Noble Energy in the fourth quarter worth about $169,000. BT Investment Management Ltd purchased a new stake in shares of Noble Energy in the second quarter worth about $221,000. Finally, Riverhead Capital Management LLC lifted its position in shares of Noble Energy by 16.6% in the second quarter. Riverhead Capital Management LLC now owns 8,529 shares of the oil and gas development company’s stock worth $241,000 after buying an additional 1,215 shares in the last quarter. Institutional investors own 94.16% of the company’s stock.
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.
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