Is Noble Energy, Inc. (NBL) a Buy? The Stock Reaches 52-Week High Today

May 17, 2018 - By Dolores Ford

Noble Energy, Inc. (NYSE:NBL) Logo

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.13, from 1.02 in 2017Q3. It dived, as 44 investors sold Noble Energy, Inc. shares while 169 reduced holdings. 54 funds opened positions while 136 raised stakes. 456.50 million shares or 1.84% more from 448.27 million shares in 2017Q3 were reported.
89,543 were accumulated by Utah Retirement Systems. Cwm Ltd holds 61,054 shares or 0.08% of its portfolio. Colony Gru Ltd Liability Co has 17,169 shares for 0.03% of their portfolio. Nikko Asset Americas invested 0.69% in Noble Energy, Inc. (NYSE:NBL). 131,655 are owned by Aperio Ltd Com. Css Limited Liability Il holds 87,374 shares or 0.13% of its portfolio. State Street holds 26.27M shares or 0.06% of its portfolio. Bbva Compass Fincl Bank invested 0.02% in Noble Energy, Inc. (NYSE:NBL). Capstone Invest Advisors Limited Liability Corporation reported 16,850 shares. Adirondack Tru Com has invested 0.01% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Guggenheim Capital Ltd Company invested in 0.1% or 1.48 million shares. Kentucky Retirement reported 30,008 shares or 0.06% of all its holdings. Serv Automobile Association has invested 0.01% in Noble Energy, Inc. (NYSE:NBL). Adage Cap Prtnrs Ltd Liability Corp holds 1.02% or 15.44M shares in its portfolio. Stevens Cap L P has invested 0.38% in Noble Energy, Inc. (NYSE:NBL).

Since December 11, 2017, it had 1 insider purchase, and 7 sales for $6.24 million activity. The insider Fisher Kenneth M. sold $210,815. Shares for $199,648 were sold by Elliott J. Keith. 8,500 shares were sold by Craddock James E, worth $266,475 on Friday, March 9. EDELMAN THOMAS J sold $5.40 million worth of stock or 200,000 shares. Hatley Dustin A. sold $140,336 worth of Noble Energy, Inc. (NYSE:NBL) on Monday, May 7. Shares for $306,600 were sold by Robison Andrea Lee.

The stock of Noble Energy, Inc. (NYSE:NBL) hit a new 52-week high and has $37.46 target or 4.00 % above today’s $36.02 share price. The 5 months bullish chart indicates low risk for the $17.34B company. The 1-year high was reported on May, 17 by Barchart.com. If the $37.46 price target is reached, the company will be worth $693.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.29% or $0.46 during the last trading session, reaching $36.02. About 1.54M shares traded. Noble Energy, Inc. (NYSE:NBL) has declined 8.04% since May 17, 2017 and is downtrending. It has underperformed by 19.59% the S&P500.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on August, 2. They expect $0.22 EPS, up 340.00 % or $0.17 from last year’s $0.05 per share. NBL’s profit will be $105.91M for 40.93 P/E if the $0.22 EPS becomes a reality. After $0.35 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -37.14 % negative EPS growth.

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

Among 21 analysts covering Noble Energy (NYSE:NBL), 19 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. Noble Energy had 34 analyst reports since November 27, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, April 11 by BMO Capital Markets. On Monday, April 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Credit Suisse on Tuesday, January 23 with “Buy”. The rating was maintained by Piper Jaffray on Wednesday, April 18 with “Buy”. The firm earned “Buy” rating on Monday, January 29 by Stifel Nicolaus. The rating was upgraded by Johnson Rice on Wednesday, April 25 to “Buy”. As per Tuesday, January 30, the company rating was maintained by Jefferies. Mizuho maintained the shares of NBL in report on Tuesday, January 16 with “Buy” rating. The firm has “Buy” rating by Seaport Global given on Tuesday, December 19. Jefferies maintained Noble Energy, Inc. (NYSE:NBL) rating on Wednesday, April 25. Jefferies has “Buy” rating and $4100 target.

More recent Noble Energy, Inc. (NYSE:NBL) news were published by: Globenewswire.com which released: “Noble Energy Announces First Quarter 2018 Results” on May 01, 2018. Also Globenewswire.com published the news titled: “Noble Energy Announces Increase to Its Quarterly Dividend” on April 23, 2018. Globenewswire.com‘s news article titled: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” with publication date: May 16, 2018 was also an interesting one.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company has market cap of $17.34 billion. The Company’s principal projects are located in onshore DJ Basin, Eagle Ford Shale, Permian Basin, and Marcellus Shale, the United States; deepwater Gulf of Mexico; Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea; and offshore the Falkland Islands, Suriname, and Newfoundland. It currently has negative earnings. As of December 31, 2016, the firm had approximately 1,437 million barrels oil equivalent of total proved reserves.

Noble Energy, Inc. (NYSE:NBL) Institutional Positions Chart

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