Reaffirmed: Noble Energy (NYSE:NBL) Buy Rating Reconfirmed by Analysts at RBC Capital; $37.0 Target in Place

September 12, 2017 - By Hazel Jackson

 Reaffirmed: Noble Energy (NYSE:NBL) Buy Rating Reconfirmed by Analysts at RBC Capital; $37.0 Target in Place

Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.01, from 1.11 in 2016Q3. It is negative, as 36 investors sold Noble Energy, Inc. shares while 174 reduced holdings. 69 funds opened positions while 161 raised stakes. 408.41 million shares or 2.68% more from 397.76 million shares in 2016Q3 were reported.

Moreover, Thompson Siegel Walmsley Llc has 0% invested in Noble Energy, Inc. (NYSE:NBL) for 300 shares. Teacher Retirement Of Texas accumulated 236,513 shares. Sg Americas Secs Ltd Limited Liability Company holds 0.03% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 84,400 shares. 16,143 were accumulated by Quantbot Limited Partnership. Diamond Hill Mgmt has 154,222 shares. Fifth Third Bancshares holds 2,760 shares. Tower Research Capital Ltd Liability Corp (Trc) reported 14,489 shares or 0.06% of all its holdings. Deltec Asset Mgmt Lc holds 0.09% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 10,000 shares. Daiwa Gru holds 14,396 shares. 150,386 were reported by Foundation Resource. Commerzbank Aktiengesellschaft Fi has 0.01% invested in Noble Energy, Inc. (NYSE:NBL) for 15,363 shares. Alliancebernstein L P owns 1.65M shares or 0.05% of their US portfolio. Bamco Incorporated Ny holds 29,549 shares or 0.01% of its portfolio. Aberdeen Asset Mgmt Public Ltd Liability Uk has invested 0.01% in Noble Energy, Inc. (NYSE:NBL). Caisse De Depot Et Placement Du Quebec invested in 0.01% or 112,379 shares.

Noble Energy (NYSE:NBL) Rating Reaffirmed

New York: In a research note revealed on Thursday, 7 September, RBC Capital reaffirmed their Buy rating on Noble Energy (NYSE:NBL) shares. They now have a $37.0 target price per share on the company. RBC Capital’s target means a potential upside of 46.36 % from the company’s last stock price.

Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.01, from 1.11 in 2016Q3. It is negative, as 36 investors sold Noble Energy, Inc. shares while 174 reduced holdings. 69 funds opened positions while 161 raised stakes. 408.41 million shares or 2.68% more from 397.76 million shares in 2016Q3 were reported.

Moreover, Thompson Siegel Walmsley Llc has 0% invested in Noble Energy, Inc. (NYSE:NBL) for 300 shares. Teacher Retirement Of Texas accumulated 236,513 shares. Sg Americas Secs Ltd Limited Liability Company holds 0.03% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 84,400 shares. 16,143 were accumulated by Quantbot Limited Partnership. Diamond Hill Mgmt has 154,222 shares. Fifth Third Bancshares holds 2,760 shares. Tower Research Capital Ltd Liability Corp (Trc) reported 14,489 shares or 0.06% of all its holdings. Deltec Asset Mgmt Lc holds 0.09% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 10,000 shares. Daiwa Gru holds 14,396 shares. 150,386 were reported by Foundation Resource. Commerzbank Aktiengesellschaft Fi has 0.01% invested in Noble Energy, Inc. (NYSE:NBL) for 15,363 shares. Alliancebernstein L P owns 1.65M shares or 0.05% of their US portfolio. Bamco Incorporated Ny holds 29,549 shares or 0.01% of its portfolio. Aberdeen Asset Mgmt Public Ltd Liability Uk has invested 0.01% in Noble Energy, Inc. (NYSE:NBL). Caisse De Depot Et Placement Du Quebec invested in 0.01% or 112,379 shares.

Noble Energy, Inc. (NYSE:NBL) Ratings Coverage

Among 25 analysts covering Noble Energy Inc. (NYSE:NBL), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Noble Energy Inc. has $60 highest and $3.50 lowest target. $41.96’s average target is 65.98% above currents $25.28 stock price. Noble Energy Inc. had 74 analyst reports since July 21, 2015 according to SRatingsIntel. Seaport Global downgraded the stock to “Neutral” rating in Thursday, November 17 report. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, August 3 report. The rating was reinitiated by Bank of America on Tuesday, May 23 with “Buy”. Citigroup maintained it with “Buy” rating and $38 target in Friday, July 21 report. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Buy” rating by Jefferies on Thursday, June 22. Stifel Nicolaus maintained Noble Energy, Inc. (NYSE:NBL) rating on Wednesday, June 8. Stifel Nicolaus has “Buy” rating and $45 target. As per Thursday, September 7, the company rating was maintained by RBC Capital Markets. Piper Jaffray initiated the shares of NBL in report on Wednesday, June 8 with “Overweight” rating. Howard Weil downgraded the stock to “Sector Perform” rating in Monday, December 14 report. As per Wednesday, July 6, the company rating was maintained by Wunderlich.

About 964,931 shares traded. Noble Energy, Inc. (NYSE:NBL) has declined 10.36% since September 12, 2016 and is downtrending. It has underperformed by 27.06% the S&P500.

Noble Energy, Inc. is an independent energy company. The company has market cap of $12.30 billion. The Firm is engaged in crude oil, natural gas and natural gas and natural gas liquids exploration, development, production and acquisition. It currently has negative earnings. The Company’s divisions include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

More notable recent Noble Energy, Inc. (NYSE:NBL) news were published by: Nasdaq.com which released: “Noble Energy Announces Pricing and Expiration of the Tender Offer for Its 8.25 …” on August 14, 2017, also Reuters.com with their article: “Noble Energy pulls non-essential staff from US Gulf ahead of Harvey” published on August 24, 2017, Globenewswire.com published: “Noble Energy is Contributing $1 Million to Support Hurricane Relief Efforts” on September 01, 2017. More interesting news about Noble Energy, Inc. (NYSE:NBL) were released by: Nasdaq.com and their article: “Why Is Noble Energy (NBL) Down 5.9% Since the Last Earnings Report?” published on September 06, 2017 as well as Reuters.com‘s news article titled: “Noble Energy stops completing wells in Eagle Ford due to Harvey” with publication date: August 25, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.