Cowen and Company set a $35.00 price target on Noble Energy Inc. (NYSE:NBL) in a report issued on Tuesday. The brokerage currently has a buy rating on the oil and gas development company’s stock.

NBL has been the subject of a number of other reports. Bank of America Corporation assumed coverage on Noble Energy in a research report on Tuesday, May 23rd. They set a buy rating and a $49.00 target price for the company. Stifel Nicolaus reaffirmed a buy rating and set a $43.00 target price on shares of Noble Energy in a research report on Friday, May 26th. Scotiabank set a $38.00 target price on Noble Energy and gave the company a hold rating in a research report on Monday, March 27th. ValuEngine lowered Noble Energy from a hold rating to a sell rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies reaffirmed an overweight rating on shares of Noble Energy in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Noble Energy currently has a consensus rating of Buy and a consensus target price of $42.79.

Shares of Noble Energy (NYSE:NBL) traded up 4.80% during midday trading on Tuesday, reaching $29.71. The company had a trading volume of 4,608,669 shares. The stock’s market capitalization is $12.81 billion. The firm’s 50 day moving average price is $28.53 and its 200-day moving average price is $33.54. Noble Energy has a 1-year low of $26.56 and a 1-year high of $42.03.

Noble Energy (NYSE:NBL) last issued its earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $974.54 million. Noble Energy had a negative return on equity of 0.44% and a negative net margin of 17.75%. Noble Energy’s revenue was up 43.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.53) EPS. Equities research analysts expect that Noble Energy will post ($0.15) EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in shares of Noble Energy by 19.0% in the first quarter. CWM LLC now owns 67,372 shares of the oil and gas development company’s stock worth $2,314,000 after buying an additional 10,779 shares in the last quarter. National Pension Service boosted its stake in shares of Noble Energy by 4.9% in the first quarter. National Pension Service now owns 386,980 shares of the oil and gas development company’s stock worth $13,277,000 after buying an additional 18,032 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Noble Energy by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 133,522 shares of the oil and gas development company’s stock worth $4,585,000 after buying an additional 1,840 shares in the last quarter. Trust Co. of Oklahoma boosted its stake in shares of Noble Energy by 4.9% in the first quarter. Trust Co. of Oklahoma now owns 37,568 shares of the oil and gas development company’s stock worth $1,290,000 after buying an additional 1,767 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Noble Energy by 284.9% in the first quarter. Creative Planning now owns 27,130 shares of the oil and gas development company’s stock worth $932,000 after buying an additional 20,081 shares in the last quarter. 96.84% of the stock is owned by institutional investors.

Noble Energy Company Profile

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.

Analyst Recommendations for Noble Energy (NYSE:NBL)

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