Noble Energy (NBL) Receiving Somewhat Positive Media Coverage, Report Finds

News articles about Noble Energy (NYSE:NBL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Noble Energy earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the oil and gas development company an impact score of 47.7246549742952 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Noble Energy (NBL) traded up $0.18 during trading on Monday, reaching $31.68. 3,129,809 shares of the company traded hands, compared to its average volume of 4,605,900. Noble Energy has a 1-year low of $22.99 and a 1-year high of $40.89. The stock has a market capitalization of $15,420.00, a PE ratio of -7.94 and a beta of 1.16. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Noble Energy (NYSE:NBL) last released its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. equities analysts predict that Noble Energy will post -0.01 EPS for the current fiscal year.

Several research firms have weighed in on NBL. Credit Suisse Group began coverage on shares of Noble Energy in a research note on Monday, December 11th. They issued an “outperform” rating and a $35.00 price target for the company. Royal Bank of Canada set a $37.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research note on Sunday, October 15th. Scotiabank set a $35.00 target price on shares of Noble Energy and gave the stock a “hold” rating in a research report on Saturday, November 25th. Stifel Nicolaus set a $41.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Finally, Cowen set a $40.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Sunday, December 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.16.

In other news, Director Thomas J. Edelman sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David L. Stover purchased 19,000 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the transaction, the chief executive officer now owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The disclosure for this purchase can be found here. In the last three months, insiders sold 518,787 shares of company stock worth $14,283,745. Insiders own 2.28% of the company’s stock.

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About Noble Energy

Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

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