Noble Energy (NBL) : 13 brokerage houses believe that Noble Energy (NBL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Noble Energy (NBL). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 1.73.
Noble Energy (NBL) stock is expected to deviate a maximum of $4.87 from the average target price of $42.57 for the short term period. 23 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $33.
Noble Energy (NYSE:NBL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.57 and $35.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.24, notching a gain of 1.57% for the day. The total traded volume was 3,094,261 . The stock had closed at $35.68 on the previous day.
Also, CLSA initiates coverage on Noble Energy (NYSE:NBL). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 22, 2016. The company shares have dropped -8.65% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $40.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $36.03 and the 200 Day Moving Average price is recorded at $32.96.
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.