Noble Energy (NYSE:NBL) was upgraded by stock analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other equities research analysts also recently issued reports on the company. Barclays lowered their price target on Noble Energy from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, November 16th. Stifel Nicolaus set a $39.00 price target on Noble Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price target on shares of Noble Energy in a research report on Friday, November 17th. BMO Capital Markets set a $33.00 price target on Noble Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Morgan Stanley raised their price target on Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $39.50.

Shares of Noble Energy (NBL) opened at $27.23 on Wednesday. The stock has a market capitalization of $12,792.91, a PE ratio of 109.54 and a beta of 1.16. Noble Energy has a 1 year low of $22.99 and a 1 year 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.

Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million for 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% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. sell-side analysts predict that Noble Energy will post -0.05 EPS for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Noble Energy during the second quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC acquired a new stake in Noble Energy during the third quarter valued at approximately $155,000. Global X Management Co. LLC boosted its holdings in Noble Energy by 22.6% during the second quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after purchasing an additional 1,291 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in Noble Energy during the second quarter valued at approximately $214,000. Finally, Pacer Advisors Inc. boosted its holdings in Noble Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock valued at $215,000 after purchasing an additional 580 shares in the last quarter. 94.16% of the stock is currently owned by institutional investors.

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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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