Noble Energy, Inc. Has More Gas To Decrease After Today’s Bearish Options Activity

 Noble Energy, Inc. Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Noble Energy, Inc. (NBL) recorded an unusually high (2,430) 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 2,430 contracts traded and 44804 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NBL161118P00035000 closed last at: $0.5 or 47.4% down. About 270,916 shares traded hands. Noble Energy, Inc. (NYSE:NBL) has risen 22.90% since April 5, 2016 and is uptrending. It has outperformed by 20.95% the S&P500.

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 18.51% above today’s ($37.61) stock price. Noble Energy Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, March 29 by Deutsche Bank. On Monday, September 21 the stock rating was reinitiated by Morgan Stanley with “Overweight”. The firm earned “Buy” rating on Wednesday, July 6 by Wunderlich. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, June 8. Deutsche Bank upgraded Noble Energy, Inc. (NYSE:NBL) rating on Thursday, January 7. Deutsche Bank has “Buy” rating and $42 price target. The stock of Noble Energy, Inc. (NYSE:NBL) has “Overweight” rating given on Thursday, July 14 by Barclays Capital. The firm earned “Buy” rating on Friday, September 11 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $48 target price in Tuesday, November 3 report. As per Wednesday, December 16, the company rating was downgraded by Argus Research. The firm earned “Hold” rating on Monday, March 28 by Tudor Pickering.

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 fall, 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.
Commonwealth Equity Svcs Inc last reported 0% of its portfolio in the stock. Renaissance Ltd Com has 0.03% invested in the company for 418,277 shares. Moreover, Nippon Life Global Invsts Americas has 0.21% invested in Noble Energy, Inc. (NYSE:NBL) for 61,930 shares. Airain holds 37,728 shares or 0.08% of its portfolio. Capstone Lc last reported 40,524 shares in the company. Dnb Asset Mngmt As has invested 0% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Ameritas Inv Partners has 8,473 shares for 0.02% of their US portfolio. The Oklahoma-based Trust Of Oklahoma has invested 0% in Noble Energy, Inc. (NYSE:NBL). Bamco Ny has 0.02% invested in the company for 84,049 shares. Exxonmobil Invest Mngmt Tx holds 0.08% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 110,936 shares. Pnc Financial Services Group last reported 0.01% of its portfolio in the stock. Cohen Steers has 0.03% invested in the company for 308,800 shares. Old Natl National Bank In has invested 0.02% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Meeder Asset Mngmt Inc owns 10,036 shares or 0.03% of their US portfolio. Legal And General Group Inc Public Ltd Company holds 0.07% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 1.91M shares.

Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 5 insider sales for $2.45 million net activity. Shares for $1.15M were sold by Craddock James E on Friday, August 12. $340,500 worth of Noble Energy, Inc. (NYSE:NBL) was sold by BERENSON JEFFREY L. On Friday, August 12 Gerhart Terry R. sold $277,219 worth of the stock or 7,918 shares. Shares for $276,760 were sold by Putnam Michael W. on Wednesday, November 2. EDELMAN THOMAS J had sold 12,000 shares worth $403,440.

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 $16.16 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 recent Noble Energy, Inc. (NYSE:NBL) news were published by: Prnewswire.com which released: “CONSOL Energy and Noble Energy, Inc. Announce Agreement to Separate Marcellus …” on October 31, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: Noble Energy, Inc., 44.4% Follow-Through Indicator …” with publication date: November 02, 2016 was also an interesting one.

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