Capital One Starts Stock Coverage on Noble Energy (NBL)

By admin | 6 years ago

Equities research analysts at Capital One initiated coverage on shares of Noble Energy (NYSE: NBL) in a research note issued to investors on Monday. The firm set a “neutral” rating on the stock.

NBL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note to investors on Friday. They now have a $104.00 price target on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Noble Energy in a research note to investors on Friday, March 9th. Finally, analysts at Global Hunter Securities initiated coverage on shares of Noble Energy in a research note to investors on Wednesday, March 7th. They set an “accumulate” rating and a $115.00 price target on the stock.

Noble Energy traded up 0.37% on Monday, hitting $99.69. Noble Energy has a 52-week low of $65.91 and a 52-week high of $105.46. The company has a market cap of $17.645 billion and a price-to-earnings ratio of 25.29.

The company last announced its quarterly results on Thursday, April 26th. It reported $1.75 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.40 EPS by $0.35. The company’s quarterly revenue was up 29.6% on a year-over-year basis. Analysts expect that Noble Energy will post $1.67 EPS next quarter.

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

About the author