Noble Energy, Inc. (NYSE:NBL) has been assigned a $40.00 target price by equities researchers at Jefferies Group LLC in a report released on Wednesday, May 17th. The firm presently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 39.47% from the company’s current price.
NBL has been the topic of several other reports. Credit Suisse Group AG reissued a “buy” rating and set a $46.00 price target on shares of Noble Energy in a research report on Wednesday, February 15th. Scotiabank set a $38.00 price objective on Noble Energy and gave the stock a “hold” rating in a report on Monday, March 27th. Mizuho lifted their price objective on Noble Energy from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. Wunderlich reiterated a “buy” rating on shares of Noble Energy in a report on Thursday, January 19th. Finally, Barclays PLC lowered their price target on Noble Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Noble Energy has a consensus rating of “Buy” and an average target price of $44.69.
Noble Energy (NYSE NBL) opened at 28.68 on Wednesday. The stock’s market cap is $12.36 billion. The company has a 50-day moving average of $31.53 and a 200 day moving average of $35.79. Noble Energy has a 1-year low of $28.29 and a 1-year high of $42.03.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $974.54 million. Noble Energy had a return on equity of 1.55% and a net margin of 4.54%. Noble Energy’s revenue for the quarter was up 43.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.53) EPS. Analysts predict that Noble Energy will post ($0.01) EPS for the current year. The business also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. Noble Energy’s dividend payout ratio (DPR) is presently -17.24%.
In other news, Director Jeffrey L. Berenson sold 23,000 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $34.27, for a total transaction of $788,210.00. Following the completion of the sale, the director now owns 51,803 shares in the company, valued at approximately $1,775,288.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.17% of the company’s stock. A number of hedge funds have recently made changes to their positions in the stock. Achmea Investment Management B.V. acquired a new stake in shares of Noble Energy during the first quarter valued at $1,308,000. Bank of Nova Scotia increased its stake in shares of Noble Energy by 951.0% in the first quarter. Bank of Nova Scotia now owns 99,614 shares of the oil and gas development company’s stock valued at $3,421,000 after buying an additional 90,136 shares during the last quarter. TPH Asset Management LLC increased its stake in shares of Noble Energy by 9.3% in the first quarter. TPH Asset Management LLC now owns 70,078 shares of the oil and gas development company’s stock valued at $2,406,000 after buying an additional 5,991 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Noble Energy by 87.0% in the first quarter. Janus Capital Management LLC now owns 476,354 shares of the oil and gas development company’s stock valued at $16,357,000 after buying an additional 221,645 shares during the last quarter. Finally, Colony Group LLC purchased a new stake in shares of Noble Energy during the first quarter worth approximately $1,571,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.
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