Stephens Initiates Overweight Rating for Noble Energy (NBL) With a $40.0 Price Target

Noble Energy, Inc. (NYSE:NBL) Logo

Investors sentiment decreased to 1.07 in Q2 2018. Its down 0.08, from 1.15 in 2018Q1. It worsened, as 27 investors sold Noble Energy, Inc. shares while 171 reduced holdings. 76 funds opened positions while 135 raised stakes. 465.23 million shares or 0.05% less from 465.46 million shares in 2018Q1 were reported.

Jpmorgan Chase Company has 0% invested in Noble Energy, Inc. (NYSE:NBL). British Columbia Investment Mngmt stated it has 0.06% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Harding Loevner Lp invested in 1,600 shares. Price T Rowe Associates Md stated it has 1.70 million shares. Tci Wealth Advsr holds 0% or 91 shares. The California-based First Republic Investment Management has invested 0% in Noble Energy, Inc. (NYSE:NBL). Parkside Finance National Bank And Trust owns 298 shares or 0% of their US portfolio. Westpac Bk Corp has 40,362 shares. Citigroup stated it has 35,578 shares. 208 were accumulated by Massmutual Fsb Adv. Ingalls & Snyder Lc holds 0.01% or 5,732 shares in its portfolio. Advisory Ser Network Llc reported 0.01% stake. Aviva Public Limited Company holds 242,140 shares or 0.05% of its portfolio. Calamos Advsr Ltd Liability holds 0.02% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 72,523 shares. Paloma Prtn owns 54,359 shares for 0.04% of their portfolio.

Since July 10, 2018, it had 0 insider purchases, and 2 sales for $1.55 million activity. Rimer Charles J. sold 17,020 shares worth $630,421.

Why Has Stephens Given Noble Energy (NBL) a $40.0 Price Target

In an analyst note made public on 6 December, Stephens analyst has today has initiated coverage for Noble Energy (NBL) shares with a Overweight rating. The target price is $40.0.

The stock decreased 2.01% or $0.49 during the last trading session, reaching $23.84. About 11.93 million shares traded or 123.55% up from the average. Noble Energy, Inc. (NBL) has risen 16.53% since December 7, 2017 and is uptrending. It has outperformed by 0.91% the S&P500.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on February, 19. They expect $0.18 EPS, down 43.75 % or $0.14 from last year’s $0.32 per share. NBL’s profit will be $85.82M for 33.11 P/E if the $0.18 EPS becomes a reality. After $0.27 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

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. The company has market cap of $11.37 billion. The Company’s principal projects are located in onshore DJ Basin, Eagle Ford Shale, Permian Basin, and Marcellus Shale, the United States; deepwater Gulf of Mexico; Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea; and offshore the Falkland Islands, Suriname, and Newfoundland. It has a 9.24 P/E ratio. As of December 31, 2016, the firm had approximately 1,437 million barrels oil equivalent of total proved reserves.

More recent Noble Energy, Inc. (NYSE:NBL) news were published by: Seekingalpha.com which released: “Colorado-focused oil and gas companies surge after election victory – Seeking Alpha” on November 07, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within Noble Energy, Myomo, Realty Income, Cross Country Healthcare, Ares Management, and Archrock — Research Highlights Growth, Revenue, and Consolidated Results – GlobeNewswire” on November 07, 2018. Seekingalpha.com‘s news article titled: “APC, NBL among premarket gainers – Seeking Alpha” with publication date: November 07, 2018 was also an interesting one.

Noble Energy, Inc. (NYSE:NBL) Institutional Positions Chart

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