Morgan Stanley upgraded shares of Noble Energy (NYSE:NBL) from an equal weight rating to an overweight rating in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have $33.00 price objective on the oil and gas development company’s stock, down from their prior price objective of $37.00.

Several other equities research analysts also recently commented on NBL. JPMorgan Chase & Co. set a $28.00 target price on Noble Energy and gave the stock a hold rating in a report on Friday, December 7th. Cowen assumed coverage on Noble Energy in a research note on Thursday, November 29th. They issued an outperform rating for the company. Raymond James upgraded Noble Energy from a market perform rating to an outperform rating in a research note on Wednesday, November 7th. TD Securities decreased their price target on Noble Energy from $42.00 to $39.00 and set a buy rating for the company in a research note on Friday, November 2nd. Finally, Stephens assumed coverage on Noble Energy in a research note on Thursday, December 6th. They issued an overweight rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. Noble Energy has a consensus rating of Buy and an average target price of $40.37.

Noble Energy stock opened at $22.19 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Noble Energy has a 12 month low of $17.11 and a 12 month high of $37.76. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 71.58, a P/E/G ratio of 0.68 and a beta of 1.26.

Noble Energy (NYSE:NBL) last released its earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, research analysts predict that Noble Energy will post 0.96 EPS for the current year.

A number of institutional investors have recently bought and sold shares of NBL. Paradigm Asset Management Co. LLC grew its holdings in Noble Energy by 1.7% during the third quarter. Paradigm Asset Management Co. LLC now owns 35,930 shares of the oil and gas development company’s stock valued at $1,121,000 after purchasing an additional 600 shares during the period. Nisa Investment Advisors LLC grew its holdings in Noble Energy by 1.3% during the third quarter. Nisa Investment Advisors LLC now owns 152,805 shares of the oil and gas development company’s stock valued at $4,766,000 after purchasing an additional 1,915 shares during the period. Glen Harbor Capital Management LLC grew its holdings in Noble Energy by 5.9% during the second quarter. Glen Harbor Capital Management LLC now owns 36,176 shares of the oil and gas development company’s stock valued at $1,276,000 after purchasing an additional 2,006 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Noble Energy by 4.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 53,160 shares of the oil and gas development company’s stock valued at $1,658,000 after purchasing an additional 2,300 shares during the period. Finally, FDx Advisors Inc. grew its holdings in Noble Energy by 34.6% during the third quarter. FDx Advisors Inc. now owns 9,926 shares of the oil and gas development company’s stock valued at $310,000 after purchasing an additional 2,553 shares during the period. Institutional investors own 98.68% of the company’s stock.

Noble Energy Company Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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Analyst Recommendations for Noble Energy (NYSE:NBL)

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