Noble Energy (NBL) : Traders are bullish on Noble Energy (NBL) as it has outperformed the S&P 500 by a wide margin of 2.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.64% in the last 1 week, and is up 3.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Noble Energy, Inc. is up 1.67% in the last 3-month period. Year-to-Date the stock performance stands at 10.63%. The stock has recorded a 20-day Moving Average of 4.22% and the 50-Day Moving Average is 1.57%.
Noble Energy (NYSE:NBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.79 and $35.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.11, notching a gain of 0.45% for the day. The total traded volume was 3,058,583 . The stock had closed at $35.95 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Noble Energy (NYSE:NBL). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $44 per share from a prior target of $41. The rating by the firm was issued on July 14, 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.