Noble Energy (NYSE:NBL) has been given a $28.00 price objective by research analysts at JPMorgan Chase & Co. in a research note issued on Friday. The firm presently has a “hold” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 15.51% from the company’s current price.

Several other brokerages also recently weighed in on NBL. Tudor Pickering upgraded shares of Noble Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Stifel Nicolaus set a $46.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Thursday, November 1st. Raymond James upgraded shares of Noble Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 7th. Cowen initiated coverage on shares of Noble Energy in a research report on Thursday, November 29th. They issued an “outperform” rating on the stock. Finally, KLR Group reiterated a “buy” rating and issued a $61.00 price objective on shares of Noble Energy in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.40.

Shares of NYSE NBL traded up $0.40 during midday trading on Friday, hitting $24.24. The company’s stock had a trading volume of 330,012 shares, compared to its average volume of 5,317,091. Noble Energy has a 1-year low of $23.22 and a 1-year high of $37.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $11.67 billion, a PE ratio of 77.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10.

Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.16 billion. Noble Energy had a net margin of 25.09% and a return on equity of 4.82%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) EPS. Equities analysts forecast that Noble Energy will post 0.98 earnings per share for the current year.

In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.75, for a total transaction of $250,935,264.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.96% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in NBL. Janney Montgomery Scott LLC bought a new stake in shares of Noble Energy during the 2nd quarter worth about $268,000. Piedmont Investment Advisors LLC bought a new stake in shares of Noble Energy during the 2nd quarter worth about $200,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Noble Energy during the 2nd quarter worth about $207,000. TD Asset Management Inc. raised its position in shares of Noble Energy by 6.5% during the 2nd quarter. TD Asset Management Inc. now owns 267,952 shares of the oil and gas development company’s stock worth $9,454,000 after buying an additional 16,333 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Noble Energy in the 2nd quarter worth approximately $2,107,000. Institutional investors own 98.77% of the company’s stock.

About Noble Energy

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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Analyst Recommendations for Noble Energy (NYSE:NBL)

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