Noble Energy (NYSE:NBL) had its target price lowered by Morgan Stanley from $39.00 to $36.00 in a research report report published on Thursday. The firm currently has a hold rating on the oil and gas development company’s stock.

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Noble Energy from a sell rating to a hold rating in a research report on Thursday, May 17th. Citigroup decreased their target price on shares of Noble Energy from $44.00 to $42.00 and set a buy rating for the company in a research report on Monday. Credit Suisse Group raised their price objective on shares of Noble Energy from $40.00 to $44.00 and gave the company a buy rating in a research report on Sunday, May 20th. Jefferies Financial Group set a $46.00 price objective on shares of Noble Energy and gave the company a buy rating in a research report on Tuesday, August 7th. Finally, Tudor Pickering lowered shares of Noble Energy from a buy rating to a hold rating in a research report on Friday, June 8th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $41.79.

NBL traded down $0.41 on Thursday, reaching $28.82. The company had a trading volume of 338,420 shares, compared to its average volume of 4,739,888. The firm has a market capitalization of $14.77 billion, a PE ratio of 94.21, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. Noble Energy has a one year low of $22.99 and a one year high of $37.76.

Noble Energy (NYSE:NBL) last announced its earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. equities analysts expect that Noble Energy will post 1.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, August 3rd. Noble Energy’s dividend payout ratio is presently 141.94%.

In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the company’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $18.03, for a total transaction of $134,774,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gary W. Willingham sold 24,646 shares of the company’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $37.50, for a total transaction of $924,225.00. Following the sale, the vice president now directly owns 194,640 shares of the company’s stock, valued at $7,299,000. The disclosure for this sale can be found here. Insiders have sold 7,508,406 shares of company stock valued at $136,022,595 over the last ninety days. Insiders own 1.96% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd lifted its stake in Noble Energy by 656.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,833 shares of the oil and gas development company’s stock valued at $116,000 after buying an additional 3,326 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Noble Energy during the second quarter valued at about $126,000. Whittier Trust Co. purchased a new stake in Noble Energy during the second quarter valued at about $163,000. Piedmont Investment Advisors LLC purchased a new stake in Noble Energy during the second quarter valued at about $200,000. Finally, Ingalls & Snyder LLC purchased a new stake in Noble Energy during the second quarter valued at about $202,000. 99.48% of the stock is owned by institutional investors.

About Noble Energy

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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Analyst Recommendations for Noble Energy (NYSE:NBL)

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