Seaport Global Upgrades Noble Energy to Buy

Brokerage firm Seaport Global Upgrades its rating on Noble Energy(NYSE:NBL). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Seaport Global was issued on Jun 7, 2016.

In a different note, On May 25, 2016, Sterne Agee said it Upgrades its rating on Noble Energy. The shares have been rated ‘Buy’ by the firm. On May 25, 2016, Sterne Agee said it Upgrades its rating on Noble Energy. The shares have been rated ‘Buy’ by the firm. On May 24, 2016, Barclays said it Maintains its rating on Noble Energy. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 5, 2016, Mitsubishi UFJ said it Upgrades its rating on Noble Energy. The shares have been rated ‘Overweight’ by the firm. On Mar 29, 2016, Stifel Nicolaus said it Maintains its rating on Noble Energy. In the research note, the firm Lowers the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 29, 2016, Deutsche Bank said it Maintains its rating on Noble Energy. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Buy’ by the firm.

Noble Energy (NBL) shares turned negative on Fridays trading session with the shares closing down -0.96 points or -2.56% at a volume of 41,64,817. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.21. The peak price level was also seen at $37.21 while the days lowest was $36.37. Finally the shares closed at $36.52. The 52-week high of the shares is $46.9335 while the 52-week low is $23.77. According to the latest information available, the market cap of the company is $15,689 M.

Noble Energy(NBL) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $724.00M. Analysts had an estimated revenue of $784.48M. Earnings per share were $-0.53. Analysts had estimated an EPS of $-0.57.

Several Insider Transactions has been reported to the SEC. On Mar 29, 2016, Thomas J Edelman (director) sold 12,000 shares at $29.69 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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