Johnson Rice Maintains Noble Energy to Buy with Price Target $21.00

Brokerage firm Johnson Rice Maintains its rating on Noble Energy(NYSE:NBL). In a research note issued to the investors, the brokerage major Raises the price-target to $21.00 per share. The shares have been rated Buy. The rating by Johnson Rice was issued on Sep 15, 2016.

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.

Noble Energy (NBL) shares turned negative on Tuesdays trading session with the shares closing down -0.44 points or -1.31% at a volume of 21,89,151. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.51. The peak price level was also seen at $33.51 while the days lowest was $33.02. Finally the shares closed at $33.1. The 52-week high of the shares is $39.85 while the 52-week low is $23.77. According to the latest information available, the market cap of the company is $14,222 M.

Noble Energy(NBL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $847.00M. Analysts had an estimated revenue of $890.80M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.28.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, James E Craddock (director) sold 32,662 shares at $35.26 per share price.Also, On Aug 16, 2016, Terry R. Gerhart (SVP Global Operations Services) sold 7,918 shares at $35.01 per share price.On Jun 27, 2016, Thomas J Edelman (director) sold 12,000 shares at $35.09 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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