Noble Energy, Inc. (NYSE:NBL) CEO David L. Stover acquired 36,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $4.31 per share, for a total transaction of $155,160.00. Following the acquisition, the chief executive officer now directly owns 711,153 shares of the company’s stock, valued at approximately $3,065,069.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE:NBL opened at $6.12 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a 50-day moving average of $13.55 and a 200-day moving average of $19.80. The company has a market cap of $1.95 billion, a PE ratio of 6.80 and a beta of 1.43. Noble Energy, Inc. has a one year low of $2.73 and a one year high of $28.40.
Noble Energy (NYSE:NBL) last posted its earnings results on Wednesday, February 12th. The oil and gas development company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. Noble Energy had a negative net margin of 25.33% and a negative return on equity of 0.82%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Noble Energy, Inc. will post -0.41 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on NBL. Barclays upgraded shares of Noble Energy from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective on the stock in a report on Tuesday. Tudor Pickering lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 11th. ValuEngine lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Cfra dropped their price objective on shares of Noble Energy from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Capital One Financial lowered shares of Noble Energy from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 17th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.33.
About Noble Energy
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 owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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