Large Inflow of Money Witnessed in Noble Energy

Noble Energy (NBL) stock had a bullish inflow of $16.87 million worth of trades on uptick and an outflow of $14.35 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.18. The net money flow into the stock was $2.52 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.6 million. $2.6 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Noble Energy (NBL) stock traded down $0.42 , and reached $35.82, a drop of -1.16% over the previous day. On a weekly basis, the stock is -1.3%, over the previous weeks close.


Noble Energy (NBL) : 23 Wall Street analysts covering Noble Energy (NBL) believe that the average level the stock could reach for the short term is $42.57. The maximum price target given is $52 and the minimum target for short term is around $33, hence the standard deviation is calculated at $4.87. The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 0.39%.

Noble Energy (NYSE:NBL): The stock opened at $36.60 on Thursday but the bulls could not build on the opening and the stock topped out at $37.09 for the day. The stock traded down to $35.77 during the day, due to lack of any buying support eventually closed down at $36.13 with a loss of -0.30% for the day. The stock had closed at $36.24 on the previous day. The total traded volume was 4,224,504 shares.

Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States include DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon, two blocks offshore Sierra Leone, and one block offshore Gabon. In the Eastern Mediterranean, it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures, such as offshore Nicaragua and offshore Falkland Islands.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *