Revenue Update on Noble Energy(NYSE:NBL)

Noble Energy(NYSE:NBL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $847.00M. Analysts estimated a revenue of $890.80M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.28.

In a different note, On Jul 14, 2016, Barclays said it Maintains its rating on Noble Energy. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Citigroup said it Upgrades its rating on Noble Energy. The shares have been rated ‘Buy’ by the firm. CLSA said it Initiates Coverage on Noble Energy, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 8, 2016, Simmons & Company said it Assumes its rating on Noble Energy. The shares have been rated ‘Overweight’ by the firm. On Jun 8, 2016, Stifel Nicolaus said it Maintains its rating on Noble Energy. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 7, 2016, Seaport Global said it Upgrades its rating on Noble Energy. The shares have been rated ‘Buy’ by the firm.

Noble Energy (NBL) made into the market gainers list on Fridays trading session with the shares advancing 0.74% or 0.26 points. Due to strong positive momentum, the stock ended at $35.18, which is also near the day’s high of $35.37. The stock began the session at $35 and the volume stood at 22,95,543 shares. The 52-week high of the shares is $39.85 and the 52 week low is $23.77. The company has a current market capitalization of $15,116 M and it has 42,96,71,810 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Thomas J Edelman (director) sold 12,000 shares at $35.09 per share price.Also, On Mar 8, 2016, Michael A Cawley (director) sold 7,000 shares at $32.35 per share price.On Jan 28, 2016, Kleef William T Van (director) sold 7,366 shares at $31.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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