Noble Energy Inc. (NBL) Sees Unusually-High Trading Volume
Noble Energy Inc. (NYSE:NBL) shares saw strong trading volume on Friday . 4,006,317 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 3,658,068 shares.The stock last traded at $34.29 and had previously closed at $33.85.
A number of equities analysts recently weighed in on the company. Barclays PLC reaffirmed a “buy” rating on shares of Noble Energy in a report on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Noble Energy in a report on Wednesday, June 1st. Sterne Agee CRT raised Noble Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.33 to $47.00 in a report on Wednesday, May 25th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating on shares of Noble Energy in a report on Sunday, July 10th. Finally, Nomura reissued a “buy” rating and set a $41.00 target price (up previously from $36.00) on shares of Noble Energy in a report on Tuesday, May 24th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. Noble Energy currently has an average rating of “Buy” and a consensus target price of $41.71.
The firm’s market cap is $14.73 billion. The firm’s 50 day moving average price is $35.10 and its 200-day moving average price is $34.37.
Noble Energy (NYSE:NBL) last released its earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts predict that Noble Energy Inc. will post ($1.11) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Monday, August 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.40 annualized dividend and a yield of 1.17%.
In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of Noble Energy 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 completion of the sale, the director now directly owns 3,032,978 shares of the company’s stock, valued at approximately $106,427,198.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Noble Energy stock. Bank of Montreal Can boosted its stake in Noble Energy Inc. (NYSE:NBL) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 323,482 shares of the oil and gas development company’s stock after buying an additional 24,542 shares during the period. Bank of Montreal Can owned about 0.08% of Noble Energy worth $10,652,000 at the end of the most recent 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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