What Next for Noble Energy, Inc. Stock After Today’s Bearish Options Activity?

 What Next for Noble Energy, Inc. Stock After Today's Bearish Options Activity?

In today’s session Noble Energy, Inc. (NBL) recorded an unusually high (2,021) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious NBL decrease. With 2,021 contracts traded and 24524 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NBL161118P00035000 closed last at: $1.4 or 6.7% down. About 495,160 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.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on November, 7. They expect $-0.18 EPS, up 14.29% or $0.03 from last year’s $-0.21 per share. After $-0.24 actual EPS 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. $60 is the highest target while $31 is the lowest. The $44.57 average target is 22.71% above today’s ($36.32) stock price. Noble Energy Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, November 3 by Stifel Nicolaus. The stock of Noble Energy, Inc. (NYSE:NBL) has “Overweight” rating given on Monday, September 21 by Morgan Stanley. The firm earned “Outperform” rating on Wednesday, July 22 by Credit Suisse. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9. As per Tuesday, August 4, the company rating was maintained by RBC Capital Markets. The firm earned “Sector Perform” rating on Monday, December 14 by Howard Weil. Deutsche Bank upgraded it to “Buy” rating and $42 target price in Thursday, January 7 report. The stock has “Overweight” rating given by Barclays Capital on Thursday, July 14. Deutsche Bank maintained Noble Energy, Inc. (NYSE:NBL) rating on Tuesday, March 29. Deutsche Bank has “Buy” rating and $41 price target. The rating was upgraded by Jefferies on Friday, September 11 to “Buy”.

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 Q2 2016. Its down 0.36, from 1.38 in 2016Q1. The ratio is 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.
Apg Asset Mgmt Nv has 0.08% invested in the company for 1.22M shares. Stifel Corp holds 255,714 shares or 0.04% of its portfolio. Bluecrest Ltd holds 0.02% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 12,484 shares. Baldwin Management Limited Com has invested 0.23% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Moreover, Robeco Institutional Asset Mgmt Bv has 0% invested in Noble Energy, Inc. (NYSE:NBL) for 17,128 shares. Virginia Retirement Et Al has 0.01% invested in the company for 18,300 shares. Texas Permanent School Fund accumulated 139,046 shares or 0.07% of the stock. Moreover, Swiss Fincl Bank has 0.07% invested in Noble Energy, Inc. (NYSE:NBL) for 1.20M shares. Cap Investors reported 43.51M shares or 0.42% of all its holdings. Capital Research Investors last reported 49.61 million shares in the company. Morgan Stanley accumulated 1.88 million shares or 0.02% of the stock. Intact Mgmt Incorporated accumulated 6,500 shares or 0.01% of the stock. South Dakota Invest Council accumulated 0.42% or 535,814 shares. Investec Asset Management North America Inc holds 1.33% or 250,884 shares in its portfolio. Deere & holds 0.04% or 19,328 shares in its portfolio.

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 4 sales for $2.17 million net activity. The insider Gerhart Terry R. sold 7,918 shares worth $277,219. 32,662 shares were sold by Craddock James E, worth $1.15M on Friday, August 12. 12,000 shares were sold by EDELMAN THOMAS J, worth $403,440 on Monday, September 26. BERENSON JEFFREY L had sold 10,000 shares worth $340,500.

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 $15.53 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.

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.

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