The Noble Energy Inc. (NBL) Given Consensus Rating of "Buy" by Brokerages

Thompson Investment Management Inc. increased its stake in Noble Energy Inc.

This company has been competing with others in the Basic Materials space and offers its own combination of interesting factors Noble Energy, Inc. The current trading volume of 6.63 sits 28.49% higher than the past 3 month's readings, indicating near-term traders have been more active toward NBL than usual of late.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning raised its position in shares of Noble Energy by 34.1% during the 2nd quarter. Perkins Investment Management, LLC augmented its ownership by buying 248,361 shares an increase of 8.7% from 12/31/2016 to 03/31/2017. Shell Asset Management Co. now owns 108,468 shares of the oil and gas development company's stock valued at $3,070,000 after buying an additional 4,528 shares in the last quarter. Analysts have a $32.00 price objective on the oil and gas development firms shares, below the prior price objective of $36.00.

WMS Partners LLC maintained its stake in shares of Noble Energy Inc. BlackRock has an ownership of 32,231,480 stocks of the oil and gas development firms shares valued $912,152,000 following acquiring an extra 2,211,439 stocks in the previous period. LLC grew its stake in Noble Energy by 30.1% during the 1st quarter. IL now owns 5,913 shares of the oil and gas development company's stock valued at $206,000 after purchasing an additional 524 shares in the last quarter. Creative Planning now owns 36,377 shares of the oil and gas development company's stock valued at $1,029,000 after acquiring an additional 9,247 shares during the period. Noble Energy has a 1 year low of $22.99 and a 1 year high of $42.03. (NYSE NBL) opened at 24.36 on Wednesday. The stock's market cap is $11.50 billion. The firm's 50-day moving average price is $25.71 and its 200 day moving average price is $30.32. (NYSE:NBL). Gabelli Funds Limited Liability Co invested 0.05% of its portfolio in Noble Energy, Inc. The oil and gas development company reported $0.05 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.13) by $0.18. Revenue during the quarter was $1.06 billion, representing 25% growth from $847 million in year-ago quarter. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The company's revenue for the quarter was up 25.0% compared to the same quarter a year ago. Company's sales went up 25.0% on a YOY basis. on consensus, brokerages expect that Noble Energy to post ($0.15) earnings per share for the full year. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Noble Energy, Inc.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were given a dividend of $0.10 per share. The company has Beta Value of 1.13 and ATR value of 0.66. The ex-dividend date was set for Thursday the 3rd of August 2017. Noble Energy's payout ratio is presently -9.90%.

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Covering sell-side analysts have recently weighed in on shares of Goldcorp Inc. Piper Jaffray Companies restated a "buy" rating and issued a $47.00 price objective on shares of Noble Energy in a research note on Tuesday, May 23rd. They set a "buy" rating and a $49.00 price target for the company. ValuEngine lowered shares of Noble Energy from a "hold" rating to a "sell" rating in a report on Friday, June 2nd. Cowen and Company fixed a $35.00 target price on the stock of Noble Energy and issued the company a buy recommendation in a note on Tue, Jul 18th. Scotiabank fixed a $38.00 target price on the stock of Noble Energy and issued the company a hold recommendation in a note on Thurs, Aug 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $41.11.

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