Analysts at Susquehanna decreased their price target on shares of Noble Energy (NYSE: NBL) from $45.00 to $44.00 in a research report issued to clients and investors on Friday. The firm currently has a “positive” rating on the stock.

A number of other firms have also recently commented on NBL. Analysts at RBC Capital cut their price target on shares of Noble Energy from $44.00 to $41.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Noble Energy in a research note to investors on Thursday, February 28th. They now have a $138.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Noble Energy from a “conviction-buy” rating to a “buy” rating in a research note to investors on Monday, February 25th. They now have a $134.00 price target on the stock.

Seventeen research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and eleven have assigned a hold rating to the stock. The stock presently has a consensus rating of “overweight” and a consensus price target of $128.09.

Noble Energy traded up 0.12% on Friday, hitting $112.49. Noble Energy has a 52-week low of $76.83 and a 52-week high of $115.59. The stock’s 50-day moving average is currently $110.2. The company has a market cap of $20.095 billion and a price-to-earnings ratio of 19.66.

Noble Energy last posted its quarterly earnings results on Thursday, February 7th. The company reported $1.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.39. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $1.18 earnings per share. Noble Energy’s revenue was up 30.1% compared to the same quarter last year. On average, analysts predict that Noble Energy will post $6.55 earnings per share for the current fiscal year.

Noble Energy, Inc. (Noble Energy) is an independent energy company engaged in worldwide oil and gas exploration and production.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.