Could Noble Energy, Inc. Lose Strenght? Option Traders Don’t Think So

 Could Noble Energy, Inc. Lose Strenght? Option Traders Don't Think So

In today’s session Noble Energy, Inc. (NBL) registered an unusually high (293) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious NBL increase. With 293 contracts traded and 19384 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: NBL161118C00037500 closed last at: $1.1 or 0% . About 1.43 million shares traded hands. Noble Energy, Inc. (NYSE:NBL) has risen 14.52% since March 2, 2016 and is uptrending. It has outperformed by 6.27% the S&P500.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on November, 7. They expect $-0.18 earnings per share, up 14.29% or $0.03 from last year’s $-0.21 per share. After $-0.24 actual earnings per share reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Noble Energy, Inc. (NYSE:NBL) Ratings Coverage

Out of 20 analysts covering Noble Energy Inc. (NYSE:NBL), 15 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 75% are positive. $60 is the highest target while $31 is the lowest. The $44.60 average target is 22.33% above today’s ($36.46) stock price. Noble Energy Inc. has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Morgan Stanley with “Overweight” on Monday, September 21. The firm has “Buy” rating by Nomura given on Thursday, January 21. The rating was maintained by Citigroup with “Neutral” on Monday, September 14. On Wednesday, December 16 the stock rating was downgraded by Argus Research to “Hold”. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Outperform” rating by Credit Suisse on Wednesday, July 22. The firm earned “Outperform” rating on Tuesday, November 17 by RBC Capital Markets. The firm has “Top Pick” rating given on Tuesday, October 27 by Cowen & Co. Seaport Global upgraded the stock to “Buy” rating in Tuesday, June 7 report. On Wednesday, May 25 the stock rating was upgraded by Sterne Agee CRT to “Buy”. The firm has “Outperform” rating given on Tuesday, August 4 by RBC Capital Markets.

According to Zacks Investment Research, “Noble Energy, the parent company of Samedan Oil Corporation, Noble Gas Marketing, Inc. and Noble Trading, Inc., is one of the nation’s leading independent energy companies. Noble Energy operates throughout major basins in the United Stated including the Gulf of Mexico, as well as internationally, in Argentina, China, Ecuador, Equatorial Guinea, the Mediterranean Sea, the North Sea and Vietnam.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.36, from 1.38 in 2016Q1. The ratio turned negative, as 46 funds sold all Noble Energy, Inc. shares owned while 170 reduced positions. 56 funds bought stakes while 165 increased positions. They now own 401.25 million shares or 1.78% less from 408.52 million shares in 2016Q1.
Schwartz Inv Counsel holds 0.5% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 193,740 shares. Guardian Life Ins Company Of America, a New York-based fund reported 1,608 shares. Neuberger Berman Gru Limited Company reported 4.71 million shares or 0.23% of all its holdings. Bridgewater Associate L P holds 0.06% or 126,362 shares in its portfolio. Moreover, Whittier Trust Communications has 0% invested in Noble Energy, Inc. (NYSE:NBL) for 40 shares. Macquarie Gp Ltd has 0.01% invested in the company for 214,560 shares. Tph Asset Mgmt Ltd Com holds 99,187 shares or 0.35% of its portfolio. Exane Derivatives has invested 0% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Knott David M holds 280,000 shares or 0% of its portfolio. Cypress Asset Management Tx has invested 0.07% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Signaturefd Limited Liability owns 563 shares or 0% of their US portfolio. Cubist Systematic Strategies Lc holds 0.05% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 24,258 shares. Tradition Capital Ltd, a New Jersey-based fund reported 14,922 shares. Focused Wealth Mgmt reported 4,350 shares or 0.07% of all its holdings. Atlantic Tru Grp Inc accumulated 14,722 shares or 0% of the stock.

Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 4 sales for $2.17 million net activity. Craddock James E sold $1.15 million worth of stock. Shares for $340,500 were sold by BERENSON JEFFREY L on Wednesday, September 14. 7,918 shares were sold by Gerhart Terry R., worth $277,219. $403,440 worth of Noble Energy, Inc. (NYSE:NBL) was sold by EDELMAN THOMAS J on Monday, September 26.

Noble Energy, Inc. is an independent energy firm engaged in crude oil, natural gas and natural gas liquids exploration and production. The company has a market cap of $15.44 billion. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. It currently has negative earnings. The Firm operates in over seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean.

NBL Company Profile

Noble Energy, Inc., incorporated on December 29, 1969, is an independent energy firm engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Firm operates in approximately seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. The Company’s sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). The Company’s activities are grouped into approximately four components that are all primarily in the business of crude oil, natural gas and NGL exploration, development, production and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon and Gabon); Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Other International includes the Falkland Islands, Suriname, the North Sea and China, and new ventures. The Company’s proved reserves are approximately 1,420 million barrels oil equivalent.

More news for Noble Energy, Inc. (NYSE:NBL) were recently published by: Seekingalpha.com, which released: “Noble Energy Poised For A Big Recovery” on September 27, 2016. Bizjournals.com‘s article titled: “One of Colorado’s biggest oil and gas firm warns more layoffs are coming” and published on September 29, 2016 is yet another important article.

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