Noble Energy PT Lowered to $44.00 (NBL)
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.
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