Noble Energy (NBL) : 13 brokerage houses believe that Noble Energy (NBL) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Noble Energy (NBL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 1.74.
Noble Energy (NBL) : The highest level Noble Energy (NBL) is projected to reach is $51 for the short term and the lowest estimate is at $33. The consolidated price target from 22 rating analysts who initiate coverage on the stock is $42.91 and the possibility the share price can swing is $4.69.
For the current week, the company shares have a recommendation consensus of Buy. Noble Energy (NYSE:NBL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.11 and $33.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.92, notching a gain of 3.16% for the day. The total traded volume was 3,326,199 . The stock had closed at $33.85 on the previous day.
In a related news,The Director of NOBLE ENERGY INC, Edelman Thomas J sold 12,000 shares at $35.09 on June 24, 2016. The Insider selling transaction had a total value worth of $421,080. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States include DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon, two blocks offshore Sierra Leone, and one block offshore Gabon. In the Eastern Mediterranean, it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures, such as offshore Nicaragua and offshore Falkland Islands.