Noble Energy (NYSE:NBL) Target Raised by UBS Group AG to $18.00

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Noble Energy stock has undergone multiple analysts rating changes in the recent past.  Noble Energy stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $18.00. The analysts previously had $11.00 target price. UBS Group AG’s price target would indicate a potential upside of 106.07% from the stock’s previous close.

Shares of Noble Energy traded down -$0.46 on Monday, reaching $8.65. 800 shares of the stock traded hands, compared to its average volume of 11189244. Shares of were trading at $8.65 on Monday. The firm’s 50 day moving average is $$9.46 and its 200 day moving average is $15.96.Noble Energy  has a 12 month low of $8.47 and a 12 month high of $27.31. While on yearly highs and lows, Noble Energy today has traded high as $9.20 and has touched $8.47 on the downward trend.

Noble Energy Earnings and What to expect: 

Noble Energy last posted its quarterly earnings data on May 8th, 2020. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.15. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.10 billion. Its revenue for the quarter was down 3.0% on a year-over-year basis. Noble Energy has generated $0.90 earnings per share over the last year and currently has a price-to-earnings ratio of 9.6. Noble Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, August 7th, 2020 based off prior year’s report dates.

Earnings for Noble Energy are expected to grow in the coming year, from ($0.41) to $0.06 per share. The P/E ratio of Noble Energy is 9.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.16. The P/E ratio of Noble Energy is 9.61, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.33. Noble Energy has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.81%
  • On 3/20/2020 COO Brent J Smolik Buy 38,000 at average share price of $4.31 which equates to $163,780.00 in money value.
  • On 3/20/2020 CEO David L Stover Buy 36,000 at average price of  $4.31 with total value of : Not Data Available
  • On 3/18/2020 VP J. Keith Elliott Buy 5,500 at average price of  $3.94 with total value of : $21,670.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Noble Energy

  • 6/25/2020 – Noble Energy had its price target raised by analysts at Wells Fargo & Co from $12.00 to $13.00. They now have an “overweight” rating on the stock.
  • 6/19/2020 – Noble Energy had its price target raised by analysts at Mizuho from $12.00 to $14.00.
  • 6/3/2020 – Noble Energy had its price target raised by analysts at Barclays PLC from $8.00 to $11.00. They now have an “overweight” rating on the stock.
  • 5/21/2020 – Noble Energy had its price target raised by analysts at Mizuho from $10.00 to $12.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Suncor Energy had its price target raised by analysts at UBS Group AG from $24.50 to $42.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Media General had its price target raised by analysts at UBS Group AG to $4.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Cenovus Energy had its price target raised by analysts at UBS Group AG from $2.70 to $6.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Canadian Natural Resources had its price target raised by analysts at UBS Group AG from $28.00 to $37.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Noble Energy (NYSE:NBL) Moving Average Technical Analysis

5 day Moving Average is $$9.34 And 5 day price change is -$1.35 (-13.50%)  with average volume for 5 day average is 12,098,460. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $10.22 and 20 day price change is -$0.80 (-8.47%) and average 20 day moving volume is 10,894,725. 50 day moving average is $9.46  and 50 day price change is $1.70 ( 24.46%)  and with average volume for 50 days is : 11,235,064. 200 day moving average is $15.96  and 200 day price change is -$15.99 (-64.89%)  and with average volume for 200 days is : 8,768,033.

See More Analyst Rating at: RATING