Noble Energy, Inc. (NYSE:NBL) has been given a consensus recommendation of “Buy” by the twenty-seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.51.

A number of research analysts have commented on NBL shares. Capital One Financial upgraded Noble Energy from an “underweight” rating to an “equal weight” rating and set a $18.17 price target on the stock in a research note on Monday, December 24th. UBS Group set a $34.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Cowen started coverage on Noble Energy in a research note on Thursday, November 29th. They set an “outperform” rating on the stock. Barclays set a $27.00 price target on Noble Energy and gave the stock a “sell” rating in a research note on Wednesday, January 16th. Finally, Mizuho set a $28.00 price target on Noble Energy and gave the stock a “hold” rating in a research note on Wednesday, November 28th.

NBL traded up $0.41 during trading hours on Friday, reaching $23.10. The company’s stock had a trading volume of 7,739,182 shares, compared to its average volume of 6,387,111. Noble Energy has a fifty-two week low of $17.11 and a fifty-two week high of $37.76. The stock has a market capitalization of $11.17 billion, a PE ratio of 25.67, a P/E/G ratio of 2.29 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Noble Energy had a positive return on equity of 3.93% and a negative net margin of 1.32%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. As a group, equities research analysts forecast that Noble Energy will post 0.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Monday, February 11th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, February 8th. Noble Energy’s dividend payout ratio is currently 48.89%.

In other news, CFO Kenneth M. Fisher sold 16,564 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $22.89, for a total transaction of $379,149.96. Following the sale, the chief financial officer now owns 215,854 shares of the company’s stock, valued at $4,940,898.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Craddock sold 9,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total value of $212,580.00. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of NBL. Capital International Investors increased its position in shares of Noble Energy by 5,125.4% during the third quarter. Capital International Investors now owns 43,365,048 shares of the oil and gas development company’s stock worth $1,352,556,000 after acquiring an additional 42,535,159 shares during the period. FMR LLC increased its holdings in Noble Energy by 121.2% in the third quarter. FMR LLC now owns 15,861,163 shares of the oil and gas development company’s stock valued at $494,709,000 after buying an additional 8,690,774 shares during the last quarter. Norges Bank purchased a new position in Noble Energy in the fourth quarter valued at $81,451,000. Boston Partners increased its holdings in Noble Energy by 36.8% in the fourth quarter. Boston Partners now owns 14,419,600 shares of the oil and gas development company’s stock valued at $270,511,000 after buying an additional 3,881,212 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in Noble Energy by 1,843.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,948,365 shares of the oil and gas development company’s stock valued at $55,311,000 after buying an additional 2,796,692 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Noble Energy Company Profile

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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