Price Target Update on Noble Energy (NYSE:NBL)

Noble Energy (NYSE:NBL) : The most positive equity analysts on Noble Energy (NYSE:NBL) expects the shares to touch $52, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 22 Wall Street Brokerage Firms. The average price target for shares are $42.59 with an expected fluctuation of $4.98 from the mean.

Other Equity analysts have also commented 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.

Noble Energy (NYSE:NBL): stock turned positive on Thursday. Though the stock opened at $37.03, the bulls momentum made the stock top out at $37.17 level for the day. The stock recorded a low of $36.69 and closed the trading day at $36.95, in the green by 0.43%. The total traded volume for the day was 4,071,920. The stock had closed at $36.79 in the previous days trading.

The company shares have dropped -18.12% 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 $36.04 and the 200 Day Moving Average price is recorded at $32.75. 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.

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.

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