Noble Energy Inc. (NBL) Shares Gap Up to $33.35
Noble Energy Inc. (NYSE:NBL) gapped up before the market opened on Monday . The stock had previously closed at $33.23, but opened at $33.35. Noble Energy shares last traded at $33.89, with a volume of 3,332,569 shares.
A number of research firms have weighed in on NBL. Vetr downgraded Noble Energy from a “strong-buy” rating to a “buy” rating and set a $36.25 price objective on the stock. in a report on Tuesday, April 12th. Barclays PLC lifted their price objective on Noble Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, May 24th. Mitsubishi UFJ Financial Group raised Noble Energy from an “underweight” rating to an “overweight” rating in a report on Thursday, May 5th. Seaport Global Securities raised Noble Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $45.00 in a report on Tuesday, June 7th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Noble Energy in a report on Thursday, June 2nd. 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’s stock. The company currently has an average rating of “Buy” and a consensus target price of $42.39.
The firm has a 50-day moving average price of $35.57 and a 200 day moving average price of $33.71. The company’s market capitalization is $14.40 billion.
Noble Energy (NYSE:NBL) last issued its earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.05. The company earned $847 million during the quarter, compared to analyst estimates of $909.36 million. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. On average, equities research analysts predict that Noble Energy Inc. will post ($1.04) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Monday, August 8th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%.
In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $35.09, for a total value of $421,080.00. Following the sale, the director now owns 3,032,978 shares in the company, valued at $106,427,198.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several institutional investors have modified their holdings of the company. Advantus Capital Management Inc raised its position in shares of Noble Energy by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 40,695 shares of the oil and gas development company’s stock worth $1,340,000 after buying an additional 956 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Noble Energy by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 56,838 shares of the oil and gas development company’s stock worth $1,872,000 after buying an additional 3,119 shares during the period. Suntrust Banks Inc. raised its position in shares of Noble Energy by 2.4% in the fourth quarter. Suntrust Banks Inc. now owns 67,022 shares of the oil and gas development company’s stock worth $2,207,000 after buying an additional 1,597 shares during the period. Victory Capital Management Inc. raised its position in shares of Noble Energy by 10.0% in the fourth quarter. Victory Capital Management Inc. now owns 90,524 shares of the oil and gas development company’s stock worth $2,981,000 after buying an additional 8,264 shares during the period. Finally, KBC Group NV raised its position in shares of Noble Energy by 16.1% in the fourth quarter. KBC Group NV now owns 109,931 shares of the oil and gas development company’s stock worth $3,620,000 after buying an additional 15,255 shares during the period.
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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