Piper Jaffray Companies reaffirmed their buy rating on shares of Noble Energy (NYSE:NBL) in a research note issued to investors on Tuesday. The firm currently has a $41.00 target price on the oil and gas development company’s stock.
NBL has been the subject of a number of other reports. Barclays reduced their price target on shares of Noble Energy from $33.00 to $30.00 and set an overweight rating for the company in a research note on Thursday, November 16th. Jefferies Group lowered shares of Noble Energy from a buy rating to a hold rating and set a $29.00 price target for the company. in a research note on Monday, October 9th. JPMorgan Chase & Co. lowered shares of Noble Energy from an overweight rating to a neutral rating and set a $30.00 price target for the company. in a research note on Friday, December 15th. BMO Capital Markets set a $33.00 price target on shares of Noble Energy and gave the stock a buy rating in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada set a $37.00 price target on shares of Noble Energy and gave the stock a buy rating in a research note on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the stock. Noble Energy currently has a consensus rating of Buy and a consensus price target of $39.47.
Shares of Noble Energy (NYSE NBL) traded up $0.09 during trading hours on Tuesday, hitting $32.23. 4,247,700 shares of the stock were exchanged, compared to its average volume of 4,155,333. The firm has a market cap of $15,660.00, a price-to-earnings ratio of -8.08 and a beta of 1.16. Noble Energy has a 12 month low of $22.99 and a 12 month high of $40.89. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
In other Noble Energy news, CEO David L. Stover bought 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average cost of $26.31 per share, with a total value of $499,890.00. Following the completion of the purchase, the chief executive officer now directly owns 727,254 shares in the company, valued at $19,134,052.74. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gary W. Willingham purchased 30,000 shares of Noble Energy stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average price of $26.00 per share, with a total value of $780,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 518,787 shares of company stock valued at $14,283,745. Company insiders own 2.28% of the company’s stock.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Energy in the 2nd quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Noble Energy in the 3rd quarter valued at approximately $155,000. Sawyer & Company Inc purchased a new stake in shares of Noble Energy in the 4th quarter valued at approximately $169,000. Pacer Advisors Inc. lifted its position in shares of Noble Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock valued at $215,000 after acquiring an additional 580 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of Noble Energy in the 2nd quarter valued at approximately $221,000. Institutional investors and hedge funds own 94.16% of the company’s stock.
About Noble Energy
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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