The stock of Noble Energy, Inc. (NYSE:NBL) is a huge mover today! About 1.34 million shares traded hands. Noble Energy, Inc. (NYSE:NBL) has risen 3.85% since March 16, 2016 and is uptrending. It has underperformed by 1.70% the S&P500.
The move comes after 7 months positive chart setup for the $15.61 billion company. It was reported on Oct, 19 by Barchart.com. We have $44.55 PT which if reached, will make NYSE:NBL worth $3.43 billion more.
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 21 analysts covering Noble Energy Inc. (NYSE:NBL), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. Noble Energy Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Noble Energy, Inc. (NYSE:NBL) rating on Tuesday, November 3. Stifel Nicolaus has “Buy” rating and $48 price target. Seaport Global upgraded the shares of NBL in a report on Tuesday, June 7 to “Buy” rating. The firm has “Buy” rating given on Thursday, January 7 by Deutsche Bank. Morgan Stanley reinitiated Noble Energy, Inc. (NYSE:NBL) on Monday, September 21 with “Overweight” rating. Argus Research downgraded the shares of NBL in a report on Wednesday, December 16 to “Hold” rating. The rating was upgraded by Credit Suisse to “Outperform” on Wednesday, July 22. Barclays Capital maintained the shares of NBL in a report on Thursday, July 14 with “Overweight” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, August 4. The rating was downgraded by Bank of America on Monday, August 24 to “Neutral”. Simmons & Co reinitiated Noble Energy, Inc. (NYSE:NBL) on Wednesday, June 8 with “Overweight” rating.
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 dived, 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.
Moreover, Bp Public Ltd Com has 0.08% invested in Noble Energy, Inc. (NYSE:NBL) for 55,000 shares. Carmignac Gestion holds 1.87% or 6.09M shares in its portfolio. Eagle Asset Mngmt holds 59,813 shares or 0.01% of its portfolio. Harding Loevner L P reported 1,600 shares or 0% of all its holdings. Brown Brothers Harriman And holds 0% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 3,283 shares. Moreover, Millennium Limited Liability Com has 0.23% invested in Noble Energy, Inc. (NYSE:NBL) for 2.83M shares. Quantres Asset Management Ltd owns 44,000 shares or 0.98% of their US portfolio. Jefferies Group Limited accumulated 5,722 shares or 0% of the stock. Sailingstone Prtn Ltd Company holds 6.63% or 8.76 million shares in its portfolio. Mitsubishi Ufj And Corporation holds 0.07% or 850,676 shares in its portfolio. Rnc Limited last reported 68,634 shares in the company. Shell Asset accumulated 0.03% or 34,082 shares. Blackrock Gru Limited reported 4.49M shares or 0.08% of all its holdings. Clearbridge Invs Limited Co reported 396 shares or 0% of all its holdings. The New Jersey-based Bessemer Grp has invested 0% in Noble Energy, Inc. (NYSE:NBL).
Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 4 insider sales for $2.17 million net activity. EDELMAN THOMAS J also sold $403,440 worth of Noble Energy, Inc. (NYSE:NBL) shares. On Wednesday, September 14 BERENSON JEFFREY L sold $340,500 worth of the stock or 10,000 shares. Shares for $277,219 were sold by Gerhart Terry R. on Friday, August 12. $1.15 million worth of Noble Energy, Inc. (NYSE:NBL) was sold by Craddock James E.
Another recent and important Noble Energy, Inc. (NYSE:NBL) news was published by Seekingalpha.com which published an article titled: “Is Noble Energy Inc. Stock A Buy Right Now?” on October 07, 2016.
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.
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