Large Outflow of Money Witnessed in Noble Energy

Noble Energy (NYSE:NBL) had an volatile session and gained 0.03 points till last call. The price was at $36.55, gaining 0.08% till the last intraday data. The total uptick value was $7.4 million while the total downtick value was $9.85 million. The shares saw a net money flow of $(-2.45) million and the up/down ratio stood at 0.75. The stock has seen a change of of 5.48% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-1.61) million. Almost $0 million were received in upticks and approximately $1.61 million were lost in downticks, thereby giving the up/down ratio of 0.


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%. On the companys insider trading activities,The director of Noble Energy Inc, Edelman Thomas J sold 12,000 shares at $29.69 on March 28, 2016. The Insider selling transaction had a total value worth of $356,280. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Noble Energy (NYSE:NBL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.35 points or 0.96% at $36.17 with 3,501,447 shares getting traded. Post opening the session at $36.12, the shares hit an intraday low of $35.9889 and an intraday high of $36.89 and the price was in this range throughout the day. The company has a market cap of $15,538 million and the number of outstanding shares have been calculated to be 429,592,260 shares. The 52-week high of Noble Energy (NYSE:NBL) is $46.33 and the 52-week low is $23.77.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Simmons & Company assumes its rating on Noble Energy (NYSE:NBL). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Simmons & Company announces a current price target of $48 per share. The rating by the firm was issued on June 8, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.