Noble Energy (NYSE:NBL) has climbed 1.04% in the past week and advanced 3.59% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.25% and the outperformance has advanced to 2.65% for the last 4 weeks period.
Noble Energy (NYSE:NBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.18 and $36.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.90, notching a gain of 2.79% for the day. The total traded volume was 3,921,312 . The stock had closed at $35.90 on the previous day.
The company shares have dropped -15.23% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $45.30 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $35.96 and the 200 Day Moving Average price is recorded at $32.77.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Edelman Thomas J, director of Noble Energy Inc, had unloaded 12,000 shares at an average price of $29.69 in a transaction dated on March 28, 2016. The total value of the transaction was worth $356,280.
Many analysts have stated their opinion on the company shares. Simmons & Company assumes its view on Noble Energy (NYSE:NBL) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Simmons & Company announces the current price target of $48 per share on Noble Energy . The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 2.17% of Noble Energy shares according to the proxy statements. Institutional Investors own 95.79% of Noble Energy shares. During last six month period, the net percent change held by insiders has seen a change of -15.27%.
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.