Noble Energy (NBL) is Initiated by Mizuho to Buy, Price Target at $44

Noble Energy (NBL) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $44. Mizuho advised their investors in a research report released on Oct 14, 2016.

On the company’s financial health, Noble Energy reported $-0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.28. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $953.11 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Noble Energy closed down -0.3 points or -0.83% at $35.74 with 50,48,206 shares getting traded on Tuesday. Post opening the session at $35.94, the shares hit an intraday low of $35.535 and an intraday high of $36.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 27, 2016, Thomas J Edelman (director) sold 12,000 shares at $33.62 per share price. According to the SEC, on Sep 15, 2016, Jeffrey L Berenson (director) sold 10,000 shares at $34.05 per share price. On Aug 16, 2016, James E Craddock (director) sold 32,662 shares at $35.26 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Noble Energy

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