Noble Energy, Inc. (NYSE:NBL) COO Purchases $163,780.00 in Stock

Noble Energy, Inc. (NYSE:NBL) COO Brent J. Smolik bought 38,000 shares of the stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $4.31 per share, for a total transaction of $163,780.00. Following the completion of the acquisition, the chief operating officer now directly owns 285,018 shares of the company’s stock, valued at approximately $1,228,427.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NBL opened at $6.12 on Thursday. Noble Energy, Inc. has a 1-year low of $2.73 and a 1-year high of $28.40. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.95 billion, a P/E ratio of 6.80 and a beta of 1.43. The company has a fifty day moving average price of $13.55 and a two-hundred day moving average price of $19.80.

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. Noble Energy had a negative net margin of 25.33% and a negative return on equity of 0.82%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts forecast that Noble Energy, Inc. will post -0.41 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lionsbridge Wealth Management LLC bought a new stake in shares of Noble Energy in the fourth quarter valued at approximately $25,000. Sofos Investments Inc. bought a new position in shares of Noble Energy in the 4th quarter worth $27,000. Calamos Advisors LLC bought a new position in shares of Noble Energy in the 4th quarter worth $29,000. Duncker Streett & Co. Inc. bought a new position in shares of Noble Energy in the 4th quarter worth $35,000. Finally, HM Payson & Co. increased its holdings in shares of Noble Energy by 75.0% in the 4th quarter. HM Payson & Co. now owns 1,400 shares of the oil and gas development company’s stock worth $35,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Several research analysts have recently commented on the stock. MKM Partners lowered their target price on shares of Noble Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Tudor Pickering cut shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 11th. Susquehanna Bancshares cut shares of Noble Energy from a “positive” rating to a “neutral” rating and set a $8.00 target price on the stock. in a report on Monday, March 16th. Cfra lowered their target price 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, US Capital Advisors reaffirmed a “buy” rating on shares of Noble Energy in a report on Monday, February 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.33.

Noble Energy Company Profile

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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