Noble Energy (NYSE:NBL)‘s stock had its “buy” rating reaffirmed by research analysts at Piper Jaffray Companies in a note issued to investors on Tuesday. They currently have a $41.00 price target on the oil and gas development company’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 29.42% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Royal Bank of Canada set a $36.00 price target on Noble Energy and gave the company a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group upgraded Noble Energy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, December 20th. Seaport Global Securities upgraded Noble Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Stifel Nicolaus set a $42.00 price target on Noble Energy and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, JPMorgan Chase & Co. cut Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.47.

Noble Energy (NYSE NBL) traded up $0.18 during trading hours on Tuesday, reaching $31.68. The company’s stock had a trading volume of 3,129,800 shares, compared to its average volume of 4,605,900. The stock has a market capitalization of $15,430.00, a PE ratio of -7.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Noble Energy has a 1 year low of $22.99 and a 1 year high of $40.89.

Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. Noble Energy’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) earnings per share. sell-side analysts anticipate that Noble Energy will post -0.01 EPS for the current fiscal year.

In related news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of Noble Energy stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 518,787 shares of company stock valued at $14,283,745. 2.28% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of NBL. Beach Investment Management LLC. purchased a new stake in Noble Energy during the 2nd quarter worth about $1,453,000. Pacer Advisors Inc. boosted its stake in 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 during the last quarter. Principal Financial Group Inc. boosted its stake in Noble Energy by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 721,740 shares of the oil and gas development company’s stock worth $20,426,000 after buying an additional 41,433 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Noble Energy in the 2nd quarter worth about $558,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Noble Energy in the 2nd quarter worth about $551,000. Hedge funds and other institutional investors own 94.16% of the company’s stock.

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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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