Noble Energy Stock Rating Reaffirmed by Goldman Sachs (NBL)

Share on StockTwits

Noble Energy (NYSE:NBL)‘s stock had its “neutral” rating reiterated by Goldman Sachs in a research note issued on Monday, American Banking and Market News reports. They currently have a $29.00 price objective on the stock, down from their previous price objective of $30.00. Goldman Sachs’ target price points to a potential downside of 58.24% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Noble Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $74.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Noble Energy from $75.00 to $77.00 in a research note on Tuesday, April 1st. They now have a “hold” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Noble Energy from $73.00 to $80.00 in a research note on Thursday, February 27th. They now have a “buy” rating on the stock. Ten research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.95.

Shares of Noble Energy (NYSE:NBL) opened at 69.45 on Monday. Noble Energy has a 1-year low of $52.62 and a 1-year high of $78.01. The stock’s 50-day moving average is $68.66 and its 200-day moving average is $68.63. The company has a market cap of $25.054 billion and a price-to-earnings ratio of 25.79.

Noble Energy (NYSE:NBL) last released its earnings data on Thursday, February 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.42. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts expect that Noble Energy will post $3.37 EPS for the current fiscal year.

Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Six World Powers and Iran Agree to Extension of Four Months
Six World Powers and Iran Agree to Extension of Four Months
Canexus Corporation Receives Consensus Recommendation of “Hold” from Analysts
Canexus Corporation Receives Consensus Recommendation of “Hold” from Analysts
Harman International Industries Inc./DE/ Given Consensus Recommendation of “Buy” by Brokerages
Harman International Industries Inc./DE/ Given Consensus Recommendation of “Buy” by Brokerages
Realogy Holdings Corp Given Average Rating of “Buy” by Brokerages
Realogy Holdings Corp Given Average Rating of “Buy” by Brokerages
OmniVision Technologies Given Consensus Rating of “Hold” by Brokerages
OmniVision Technologies Given Consensus Rating of “Hold” by Brokerages
Computer Sciences Receives Average Recommendation of “Hold” from Brokerages
Computer Sciences Receives Average Recommendation of “Hold” from Brokerages


Leave a Reply

 
© 2006-2014 Mideast Time.