Stifel Nicolaus set a $42.00 price target on Noble Energy (NYSE:NBL) in a report published on Monday. The firm currently has a buy rating on the oil and gas development company’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays cut their price objective on Noble Energy from $33.00 to $30.00 and set an overweight rating for the company in a research report on Thursday, November 16th. Jefferies Group cut Noble Energy from a buy rating to a hold rating and set a $29.00 price objective for the company. in a research report on Monday, October 9th. J P Morgan Chase & Co cut Noble Energy from an overweight rating to a neutral rating and set a $30.00 price objective for the company. in a research report on Friday. BMO Capital Markets set a $33.00 price objective on Noble Energy and gave the stock a buy rating in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies reissued a buy rating on shares of Noble Energy in a research report on Sunday, August 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $39.50.

Shares of Noble Energy (NYSE:NBL) opened at $26.29 on Monday. The stock has a market capitalization of $12,486.34, a PE ratio of 106.92 and a beta of 1.16. Noble Energy has a 52 week low of $22.99 and a 52 week high of $41.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS. research analysts expect that Noble Energy will post -0.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.52%. Noble Energy’s dividend payout ratio (DPR) is -10.03%.

In other news, VP Gary W. Willingham purchased 30,000 shares of the business’s stock in a transaction 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David L. Stover purchased 19,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $26.31 per share, with a total value of $499,890.00. Following the acquisition, the chief executive officer now owns 727,254 shares in the company, valued at $19,134,052.74. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 518,787 shares of company stock valued at $14,283,745. Insiders own 2.28% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NBL. Tower Research Capital LLC TRC acquired a new position in Noble Energy in the 2nd quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Noble Energy in the 3rd quarter worth approximately $155,000. Global X Management Co. LLC raised its holdings in shares of Noble Energy by 22.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock worth $198,000 after buying an additional 1,291 shares in the last quarter. IndexIQ Advisors LLC acquired a new position in shares of Noble Energy in the 2nd quarter worth approximately $214,000. Finally, Pacer Advisors Inc. raised its holdings 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 worth $215,000 after buying an additional 580 shares in the last quarter. 94.16% of the stock is owned by hedge funds and other institutional investors.

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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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