Brokerage Firm Rating Update on Noble Energy (NBL)

Noble Energy (NBL) : The consensus on Noble Energy (NBL) based on 21 analyst recommendation on the company stock is 1.81, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Noble Energy (NBL) : The highest short term price target forecast on Noble Energy (NBL) is $51 and the lowest target price is $34. A total of 21 equity analysts are currently covering the company. The average price of all the analysts is $43.33 with a standard deviation of $3.97.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Noble Energy (NYSE:NBL). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays raises the price target from $41 per share to $44 per share. The rating by the firm was issued on July 14, 2016.

Noble Energy (NYSE:NBL): The stock opened at $35.24 and touched an intraday high of $35.68 on Wednesday. During the day, the stock corrected to an intraday low of $35.07, however, the bulls stepped in and pushed the price higher to close in the green at $35.53 with a gain of 1.34% for the day. The total traded volume for the day was 3,601,565. The stock had closed at $35.06 in the previous trading session.

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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