Noble Energy Rating Increased to Neutral at Capital One (NBL)

By admin | 6 years ago

Noble Energy (NYSE: NBL) was upgraded by equities researchers at Capital One from a “neutral” rating to a “neutral” rating in a report issued on Wednesday.

Noble Energy traded down 0.56% on Wednesday, hitting $84.97. Noble Energy has a 1-year low of $65.91 and a 1-year high of $105.46. The company has a market cap of $15.040 billion and a price-to-earnings ratio of 21.75.

Noble Energy last released its earnings data on Thursday, April 26th. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.40 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 $1.59 EPS next quarter.

A number of other analysts have also recently weighed in on NBL. Analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note to investors on Friday, April 27th. They now have a $104.00 price target on the stock. 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.

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

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