Noble Energy Inc. (NYSE:NBL) traded down 0.8% during trading on Friday . The company traded as low as $35.51 and last traded at $35.85, with a volume of 1,346,999 shares trading hands. The stock had previously closed at $36.13.

A number of equities research analysts have commented on the company. Stifel Nicolaus upped their price target on Noble Energy from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Piper Jaffray Cos. assumed coverage on Noble Energy in a research report on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 price target on the stock. Simmons assumed coverage on Noble Energy in a research report on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 price target on the stock. Credit Agricole SA assumed coverage on Noble Energy in a research report on Wednesday, June 22nd. They issued an “outperform” rating on the stock. Finally, Citigroup Inc. upgraded Noble Energy from a “neutral” rating to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $42.26.

The company’s market capitalization is $15.44 billion. The company has a 50 day moving average of $36.06 and a 200 day moving average of $33.00.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Wednesday, May 4th. The oil and gas development company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.04. During the same period last year, the business posted $0.03 earnings per share. The company had revenue of $724 million for the quarter, compared to the consensus estimate of $800.78 million. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts predict that Noble Energy Inc. will post ($1.19) EPS for the current year.

In other news, Director Thomas J. Edelman sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $35.09, for a total transaction of $421,080.00. Following the transaction, the director now directly owns 3,032,978 shares of the company’s stock, valued at $106,427,198.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and institutional investors recently made changes to their positions in NBL. Janus Capital Management boosted its position in shares of Noble Energy by 226.5% in the third quarter. Janus Capital Management now owns 59,918 shares of the oil and gas development company’s stock worth $1,808,000 after buying an additional 41,567 shares during the period. Russell Frank Co boosted its stake in Noble Energy by 10.8% in the fourth quarter. Russell Frank Co now owns 566,670 shares of the oil and gas development company’s stock valued at $18,258,000 after buying an additional 55,036 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Noble Energy by 3.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 226,245 shares of the oil and gas development company’s stock valued at $7,452,000 after buying an additional 8,564 shares during the last quarter. Korea Investment CORP boosted its stake in Noble Energy by 59.7% in the fourth quarter. Korea Investment CORP now owns 57,500 shares of the oil and gas development company’s stock valued at $1,893,000 after buying an additional 21,500 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in Noble Energy by 2.8% in the fourth quarter. World Asset Management Inc now owns 45,975 shares of the oil and gas development company’s stock valued at $1,514,000 after buying an additional 1,262 shares during the last quarter.

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

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