Headlines about Noble Energy (NYSE:NBL) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Noble Energy earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the oil and gas development company an impact score of 46.4608215792611 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- What's in the Cards for Noble Energy (NBL) in Q4 Earnings? (finance.yahoo.com)
- Noble Energy (NBL) Approves Share Repurchase Plan (americanbankingnews.com)
- Noble Energy Deals GoM In ‘Last Major’ Portfolio Tweak (oilandgasinvestor.com)
- What’s in the Cards for Noble Energy (NBL) in Q4 Earnings? (zacks.com)
- Noble Energy, Inc. (NBL) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
Noble Energy (NBL) traded down $0.09 during midday trading on Friday, hitting $26.28. The stock had a trading volume of 6,143,130 shares, compared to its average volume of 6,265,116. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Noble Energy has a 1 year low of $22.99 and a 1 year high of $37.91. The company has a market capitalization of $12,788.03, a P/E ratio of -6.59 and a beta of 1.14.
Noble Energy declared that its board has approved a stock repurchase program on Thursday, February 15th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas development company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several research analysts have issued reports on the company. Barclays dropped their target price on Noble Energy from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, November 16th. JPMorgan Chase & Co. cut Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, December 15th. Capital One Financial raised Noble Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Jefferies Group raised Noble Energy from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, December 20th. Finally, Credit Suisse Group set a $40.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $37.53.
In related news, Director Thomas J. Edelman sold 200,000 shares of Noble Energy stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $26.99, for a total transaction of $5,398,000.00. Following the sale, the director now owns 2,952,878 shares of the company’s stock, valued at approximately $79,698,177.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gary W. Willingham bought 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. 2.28% of the stock is owned by company insiders.
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Noble Energy Company Profile
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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