Noble Energy (NYSE:NBL) has been given a $36.00 target price by stock analysts at Royal Bank of Canada in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 29.22% from the company’s previous close.

A number of other research firms also recently weighed in on NBL. Stifel Nicolaus set a $41.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, November 28th. Cowen set a $40.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research report on Sunday, December 10th. Credit Suisse Group started coverage on shares of Noble Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $35.00 target price for the company. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 target price on shares of Noble Energy in a research report on Friday, November 17th. Finally, Seaport Global Securities raised shares of Noble Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $39.60.

Shares of Noble Energy (NYSE:NBL) opened at $27.86 on Wednesday. Noble Energy has a 52-week low of $22.99 and a 52-week high of $40.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $13,250.32, a PE ratio of 113.46 and a beta of 1.16.

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

In other Noble Energy news, VP Gary W. Willingham acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of $26.00 per share, with a total value of $780,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David L. Stover acquired 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average cost of $26.31 per share, with a total value of $499,890.00. Following the completion of the acquisition, the chief executive officer now owns 727,254 shares in the company, valued at approximately $19,134,052.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 518,787 shares of company stock valued at $14,283,745. 2.28% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in Noble Energy by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 872,389 shares of the oil and gas development company’s stock worth $24,741,000 after purchasing an additional 22,605 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Noble Energy by 29.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,399,484 shares of the oil and gas development company’s stock worth $68,049,000 after purchasing an additional 540,221 shares in the last quarter. Jane Street Group LLC purchased a new stake in Noble Energy in the 3rd quarter worth approximately $2,500,000. Vident Investment Advisory LLC purchased a new stake in Noble Energy in the 3rd quarter worth approximately $361,000. Finally, Chevy Chase Trust Holdings Inc. lifted its stake in Noble Energy by 8.1% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 427,585 shares of the oil and gas development company’s stock worth $12,126,000 after purchasing an additional 32,208 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

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About Noble Energy

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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