Noble Energy (NBL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 45 from a previous price target of $43 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Noble Energy. Shares were Reiterated by Stifel on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $40 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 41 from a previous price target of $42 .Noble Energy was Downgraded by Tudor Pickering to ” Hold” on Mar 28, 2016.
On the company’s financial health, Noble Energy reported $-0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.58. The company had revenue of $724.00 million for the quarter, compared to analysts expectations of $826.78 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Noble Energy opened for trading at $36.06 and hit $37.34 on the upside on Wednesday, eventually ending the session at $35.59, with a gain of 1.08% or 0.38 points. The heightened volatility saw the trading volume jump to 55,05,281 shares. Company has a market cap of $15,263 M.
In a different news, on Mar 29, 2016, Thomas J Edelman (director) sold 12,000 shares at $29.69 per share price. According to the SEC, on Mar 8, 2016, Michael A Cawley (director) sold 7,000 shares at $32.35 per share price. On Jan 28, 2016, Kleef William T Van (director) sold 7,366 shares at $31.37 per share price, according to the Form-4 filing with the securities and exchange commission.
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.