The stock of Noble Energy, Inc. (NYSE:NBL) is a huge mover today! About 3.06M shares traded hands. Noble Energy, Inc. (NYSE:NBL) has declined 6.58% since April 27, 2016 and is downtrending. It has underperformed by 11.80% the S&P500.
The move comes after 6 months positive chart setup for the $16.37B company. It was reported on Nov, 30 by Barchart.com. We have $40.24 PT which if reached, will make NYSE:NBL worth $818.50 million more.
Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on February, 15. They expect $-0.10 EPS, down 122.73% or $0.54 from last year’s $0.44 per share. After $-0.07 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts 42.86% negative EPS growth.
Noble Energy, Inc. (NYSE:NBL) Ratings Coverage
Out of 21 analysts covering Noble Energy Inc. (NYSE:NBL), 15 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 71% are positive. Noble Energy Inc. has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, December 14 the stock rating was downgraded by Howard Weil to “Sector Perform”. Wunderlich maintained the stock with “Buy” rating in Friday, September 4 report. Wunderlich maintained Noble Energy, Inc. (NYSE:NBL) on Wednesday, July 6 with “Buy” rating. The firm has “Buy” rating by UBS given on Tuesday, November 3. The stock of Noble Energy, Inc. (NYSE:NBL) has “Outperform” rating given on Tuesday, August 4 by RBC Capital Markets. Nomura upgraded Noble Energy, Inc. (NYSE:NBL) on Thursday, January 21 to “Buy” rating. The firm has “Overweight” rating given on Thursday, July 14 by Barclays Capital. Stifel Nicolaus maintained Noble Energy, Inc. (NYSE:NBL) rating on Tuesday, November 3. Stifel Nicolaus has “Buy” rating and $48 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, November 17. Piper Jaffray initiated the shares of NBL in a report 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 increased to 1.11 in 2016 Q2. Its up 0.09, from 1.02 in 2016Q1. The ratio is positive, 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.
Ubs Asset Management Americas Incorporated has invested 0.04% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Amalgamated Bancorp accumulated 0.03% or 16,235 shares. United Serv Automobile Association owns 140,421 shares or 0.02% of their US portfolio. Smithfield holds 0% or 600 shares in its portfolio. Hightower Advsrs has 0.01% invested in the company for 14,104 shares. Baldwin Brothers Ma holds 900 shares or 0.01% of its portfolio. Rs Investment Management Lc last reported 1.65M shares in the company. Capstone Advisors Lc holds 40,524 shares or 0.03% of its portfolio. Advisory Svcs Network Ltd Liability Company last reported 0% of its portfolio in the stock. Massmutual Fsb Adv accumulated 0% or 95 shares. Hartwell J M Ltd Partnership last reported 14,900 shares in the company. The Alabama-based Croft has invested 1.01% in Noble Energy, Inc. (NYSE:NBL). Sfmg Ltd Liability Co reported 20,840 shares or 0.16% of all its holdings. Metropolitan Life Ins Ny accumulated 0.06% or 223,352 shares. Toronto Dominion State Bank has 0% invested in the company for 2,358 shares.
Insider Transactions: Since August 12, 2016, the stock had 0 insider buys, and 5 selling transactions for $2.45 million net activity. $403,440 worth of Noble Energy, Inc. (NYSE:NBL) was sold by EDELMAN THOMAS J on Monday, September 26. $276,760 worth of shares were sold by Putnam Michael W. on Wednesday, November 2. Another trade for 32,662 shares valued at $1.15M was sold by Craddock James E. 7,918 Noble Energy, Inc. (NYSE:NBL) shares with value of $277,219 were sold by Gerhart Terry R.. The insider BERENSON JEFFREY L sold $340,500.
More news for Noble Energy, Inc. (NYSE:NBL) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 2016. Bizjournals.com‘s article titled: “More layoffs at Noble Energy in Colorado, Texas” and published on November 09, 2016 is yet another important article.
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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