News coverage about Noble Energy (NYSE:NBL) has trended positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Noble Energy earned a news sentiment score of 0.32 on Accern’s scale. Accern also assigned news stories about the oil and gas development company an impact score of 74 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
Shares of Noble Energy (NYSE:NBL) traded up 2.67% during mid-day trading on Monday, hitting $27.72. The stock had a trading volume of 2,830,716 shares. Noble Energy has a 12-month low of $26.56 and a 12-month high of $42.03. The company’s 50 day moving average price is $29.51 and its 200 day moving average price is $34.69. The stock’s market cap is $11.95 billion.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Noble Energy had a negative net margin of 17.75% and a negative return on equity of 0.44%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $974.54 million. During the same period in the prior year, the company earned ($0.53) EPS. The firm’s revenue was up 43.1% on a year-over-year basis. Equities research analysts predict that Noble Energy will post ($0.07) EPS for the current fiscal year.
Several equities research analysts recently commented on the company. Seaport Global Securities cut Noble Energy from a “neutral” rating to a “sell” rating and cut their price target for the company from $36.00 to $23.00 in a report on Wednesday, June 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 price target on shares of Noble Energy in a report on Thursday, June 22nd. BidaskClub cut Noble Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Scotiabank set a $43.00 price objective on Noble Energy and gave the stock a “hold” rating in a research report on Thursday, June 22nd. Finally, Cowen and Company set a $45.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $43.48.
About Noble Energy
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments 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.
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