Noble Energy (NYSE:NBL) stock is expected to deviate a maximum of $4.87 from the average target price of $42.57 for the short term period. 23 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $33.
Noble Energy, Inc. has dropped 2.92% in the last five trading days, however, the shares have posted positive gains of 1.1% in the last 4 weeks. Noble Energy, Inc. is up 16.56% in the last 3-month period. Year-to-Date the stock performance stands at 9.57%. Also, CLSA initiates coverage on Noble Energy (NYSE:NBL).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on June 22, 2016.
Noble Energy (NYSE:NBL) : 14 brokerage houses believe that Noble Energy (NYSE:NBL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Noble Energy (NYSE:NBL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 24 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.
Noble Energy (NYSE:NBL): The stock opened at $36.36 on Thursday but the bulls could not build on the opening and the stock topped out at $36.36 for the day. The stock traded down to $35.44 during the day, due to lack of any buying support eventually closed down at $35.87 with a loss of -1.21% for the day. The stock had closed at $36.31 on the previous day. The total traded volume was 3,147,373 shares.
In an insider trading activity,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, 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.