SunTrust Robinson Initiates Coverage on Noble Energy (NYSE:NBL). What May be Next?

May 18, 2018 - By Darrin Black

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 is negative, 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.

Indexiq Advsrs Limited Liability Company, a New York-based fund reported 1,841 shares. Adirondack invested in 400 shares or 0.01% of the stock. United Kingdom-based Aviva Plc has invested 0.04% in Noble Energy, Inc. (NYSE:NBL). Sentry Invests owns 57,050 shares. Hudock Capital Group Inc Ltd Liability Corp accumulated 1,800 shares. Texas Permanent School Fund holds 132,840 shares. Yhb Inv Advisors owns 61,068 shares for 0.3% of their portfolio. 33,334 are owned by Sumitomo Mitsui Asset Mgmt Limited. Texas-based Bbt Ltd Llc has invested 0.26% in Noble Energy, Inc. (NYSE:NBL). Dreman Value Mgmt L L C holds 0.09% or 5,438 shares in its portfolio. Moreover, Chevy Chase Tru has 0.05% invested in Noble Energy, Inc. (NYSE:NBL). First Pacific Advsrs Lc holds 1.61M shares. 397,712 were reported by Guardian Co. Vanguard Group owns 51.02M shares. Jarislowsky Fraser Limited has invested 0.19% in Noble Energy, Inc. (NYSE:NBL).

Since December 11, 2017, it had 1 insider purchase, and 7 selling transactions for $6.24 million activity. $210,815 worth of Noble Energy, Inc. (NYSE:NBL) was sold by Fisher Kenneth M.. The insider Hatley Dustin A. sold 4,178 shares worth $140,336. The insider EDELMAN THOMAS J sold $5.40M. On Friday, March 9 the insider Craddock James E sold $266,475. 8,760 shares were sold by Robison Andrea Lee, worth $306,600. Elliott J. Keith had sold 6,000 shares worth $199,648 on Monday, May 7.

Why Has SunTrust Robinson Given Noble Energy (NYSE:NBL) a $42.0000 Price Target

Equities researchers at SunTrust Robinson has started coverage on Noble Energy (NYSE:NBL) with a key “Buy” rating. The target price per share for NBL is $42.0000. It would suggest a possible upside of 15.67 % from company’s last price.

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 has $65.0 highest and $30.0 lowest target. $43’s average target is 18.42% above currents $36.31 stock price. Noble Energy had 34 analyst reports since November 27, 2017 according to SRatingsIntel. The stock of Noble Energy, Inc. (NYSE:NBL) has “Buy” rating given on Friday, April 13 by RBC Capital Markets. The stock of Noble Energy, Inc. (NYSE:NBL) has “Overweight” rating given on Wednesday, January 10 by Capital One. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, February 21 report. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, December 20. The rating was upgraded by Johnson Rice to “Buy” on Wednesday, April 25. The rating was initiated by Credit Suisse with “Buy” on Monday, December 11. The firm has “Buy” rating given on Tuesday, January 9 by Piper Jaffray. Stifel Nicolaus maintained Noble Energy, Inc. (NYSE:NBL) on Monday, April 23 with “Buy” rating. The stock of Noble Energy, Inc. (NYSE:NBL) has “Buy” rating given on Monday, February 26 by Bank of America. The firm has “Buy” rating by Mizuho given on Tuesday, January 16.

The stock increased 0.17% or $0.06 during the last trading session, reaching $36.31. About 483,157 shares traded. Noble Energy, Inc. (NYSE:NBL) has declined 8.04% since May 18, 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 $105.90 million for 41.26 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., 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 $17.48 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.

More important 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 Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018”, Globenewswire.com published: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” on May 16, 2018. More interesting news about Noble Energy, Inc. (NYSE:NBL) was released by: Globenewswire.com and their article: “Noble Energy Announces Increase to Its Quarterly Dividend” with publication date: April 23, 2018.

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

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