Analysts Advise About Noble Energy (NBL)


Noble Energy Inc stock is now trading at $30.05 (as of 3/29/2016 4:01pm EST). NBL Director, VAN KLEEF WILLIAM T also disposed of 7366 shares, at a stock price of $31.37.

A hedge fund recently raised its stake in Noble Energy stock. The Company has the volatility of 6.71% for the month and 5.98% for the week after ending the last trading session. Also, the number of institutional investors holding Noble Energy Inc in their top 10 holdings increased from 8 to 9 for an increase of 1. As of December 31, 2015, the company had approximately 1,421 million barrels oil equivalent of total proved reserves. PGGM Investments now owns 528,419 shares of the oil and gas development company’s stock valued at $17,401,000 after buying an additional 2,022 shares during the last quarter. The Company plans to issue its financial and operating results, counting supporting presentation materials for the conference call, before the market opening on the same day. Noble Energy has a 1-year low of $23.77 and a 1-year high of $53.68.
Noble Corporation plc has dropped 12.21% in the last five trading days, however, the shares have posted positive gains of 36.88% in the last 4 weeks. The EPS (Earnings per Share) of the company is at $-0.42 while the RSI of 45.74. The firm earned $846 million during the quarter, compared to the consensus estimate of $1.04 billion. The firm’s quarterly revenue was down 20.9% on a year-over-year basis. The United Kingdom-based fund Guinness Asset Management Ltd revealed it had acquired so far a stake worth about 3.51% of the investment professional’s stock portfolio in Noble Energy Inc.
03/28/2016 – Noble Energy Inc. had its “hold” rating reiterated by analysts at Tudor Pickering. Noble Energy (NYSE:NBL): On Tuesday heightened volatility was witnessed in Noble Energy (NYSE:NBL) which led to swings in the share price.
03/18/2016 – RBC Capital began new coverage on Noble Energy Inc. giving the company a “outperform” rating. The stock’s average target of $38.53 is 49.38% above today’s ($30.01) share price. Finally, Deutsche Bank reiterated a “buy” rating on shares of Noble Energy in a research report on Saturday, March 12th.
The share price of Noble Energy Inc.
Out of 30 analysts covering Noble Corp PLC (NYSE:NE), 11 rate it “Buy”, 11 “Sell”, while 15 “Hold”. The stock has a consensus rating of “Buy” and a consensus price target of $42.52. In this transaction, 20,000 shares were sold at $13.52 per share. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
In a different news, on Mar 8, 2016, Michael A Cawley (director) sold 7,000 shares at $32.35 per share price. The Insider selling transaction had a total value worth of $226,450.
Now the company Insiders own 1.4% of Noble Corporation shares according to the proxy statements.