Noble Energy (NBL) : 21 analysts are covering Noble Energy (NBL) and their average rating on the stock is 1.81, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Noble Energy (NBL) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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 $34. The consolidated price target from 21 rating analysts who initiate coverage on the stock is $43.33 and the possibility the share price can swing is $3.97.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Noble Energy (NYSE:NBL). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $44 per share from a prior target of $41. The rating by the firm was issued on July 14, 2016.
Noble Energy (NYSE:NBL): After opening at $34.04, the stock dipped to an intraday low of $33.87 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.575 and the buying power remained strong till the end. The stock closed at $33.92 for the day, a gain of 0.15% for the day session. The total traded volume was 2,871,427. The stocks close on the previous trading day was $33.87.
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.