Analyst Rating Update on Noble Energy (NBL)

Noble Energy (NBL) : 13 brokerage houses believe that Noble Energy (NBL) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Noble Energy (NBL). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 1.74.

Noble Energy (NBL) : Average target price received by Noble Energy (NBL) is $42.91 with an expected standard deviation of $4.69. The most aggressive target on the stock is $51, whereas the most downbeat target is $33. 22 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Barclays maintains its rating on Noble Energy (NYSE:NBL).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $41 per share to $44 per share. The rating by the firm was issued on July 14, 2016.


Noble Energy (NYSE:NBL): The stock opened at $34.56 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.65 for the day. The stock traded down to $33.20 during the day, due to lack of any buying support eventually closed down at $34.05 with a loss of -1.16% for the day. The stock had closed at $34.45 on the previous day. The total traded volume was 8,056,488 shares.

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.