Noble Energy (NBL) Receives Price Target

Noble Energy (NBL) : The most positive equity analysts on Noble Energy (NBL) expects the shares to touch $51, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 21 Wall Street Brokerage Firms. The average price target for shares are $43.33 with an expected fluctuation of $3.97 from the mean.

Noble Energy (NBL) : Zacks Investment Research ranks Noble Energy (NBL) as 3, which is a Hold recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.81, which indicates as a Buy.


Also, Brokerage firm Barclays maintains its rating on Noble Energy (NYSE:NBL). As per the latest information, the brokerage house raises the price target to $44 per share from a prior target of $41. The shares have been rated Overweight. The rating by the firm was issued on July 14, 2016.

Noble Energy (NYSE:NBL): The stock opened at $34.24 on Thursday but the bulls could not build on the opening and the stock topped out at $34.57 for the day. The stock traded down to $33.62 during the day, due to lack of any buying support eventually closed down at $33.85 with a loss of -1.83% for the day. The stock had closed at $34.48 on the previous day. The total traded volume was 4,606,743 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.

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