Could Noble Energy, Inc. (NBL) Lose its Strength? The Stock Reaches 52-Week High

May 17, 2018 - By Margaret Downey

Noble Energy, Inc. (NYSE:NBL) Logo

Investors sentiment decreased to 0.89 in 2017 Q4. 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.
Schwartz Investment Counsel holds 0.38% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 220,300 shares. Teacher Retirement Systems Of Texas invested in 0.05% or 275,972 shares. Nomura Asset Mgmt Ltd holds 0.02% or 68,810 shares. Primecap Management Com Ca owns 2.25M shares or 0.05% of their US portfolio. The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.03% in Noble Energy, Inc. (NYSE:NBL). Norinchukin Financial Bank The has 38,906 shares for 0.02% of their portfolio. 766,800 are owned by Tocqueville Asset Management L P. State Street Corp invested in 26.27 million shares. Magnetar Finance Ltd Llc stated it has 29,367 shares or 0.02% of all its holdings. Gotham Asset Mgmt has invested 0.02% in Noble Energy, Inc. (NYSE:NBL). Endurance Wealth Management reported 0% in Noble Energy, Inc. (NYSE:NBL). 5,438 are owned by Dreman Value Mngmt L L C. Andra Ap has invested 0.06% in Noble Energy, Inc. (NYSE:NBL). Citadel Advsr Ltd Liability Com invested in 116,563 shares or 0% of the stock. Macquarie Ltd reported 224,539 shares or 0.01% of all its holdings.

Since December 11, 2017, it had 1 buy, and 7 selling transactions for $6.24 million activity. STOVER DAVID L bought 19,000 shares worth $499,835. Shares for $199,648 were sold by Elliott J. Keith on Monday, May 7. Craddock James E sold $266,475 worth of stock or 8,500 shares. Hatley Dustin A. also sold $140,336 worth of Noble Energy, Inc. (NYSE:NBL) shares. Shares for $306,600 were sold by Robison Andrea Lee. $5.40M worth of Noble Energy, Inc. (NYSE:NBL) shares were sold by EDELMAN THOMAS J.

The stock of Noble Energy, Inc. (NYSE:NBL) hit a new 52-week high and has $37.46 target or 4.00 % above today’s $36.02 share price. The 5 months bullish chart indicates low risk for the $17.34B company. The 1-year high was reported on May, 17 by Barchart.com. If the $37.46 price target is reached, the company will be worth $693.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.29% or $0.46 during the last trading session, reaching $36.02. About 1.54M shares traded. Noble Energy, Inc. (NYSE:NBL) has declined 8.04% since May 17, 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 $105.91 million for 40.93 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. (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 had 34 analyst reports since November 27, 2017 according to SRatingsIntel. The company was maintained on Monday, April 23 by Stifel Nicolaus. The rating was maintained by BMO Capital Markets with “Buy” on Monday, February 26. The firm has “Buy” rating by Jefferies given on Tuesday, January 30. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Buy” rating by Mizuho on Tuesday, January 16. The firm earned “Buy” rating on Wednesday, April 25 by Johnson Rice. The company was maintained on Wednesday, January 24 by Morgan Stanley. The rating was downgraded by J.P. Morgan to “Hold” on Friday, December 15. The company was maintained on Thursday, February 22 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, April 25 by Jefferies. The rating was maintained by Jefferies with “Buy” on Monday, March 19.

More 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 Globenewswire.com published the news titled: “Noble Energy Announces Increase to Its Quarterly Dividend” on April 23, 2018. Globenewswire.com‘s news article titled: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” with publication date: May 16, 2018 was also an interesting one.

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 $17.34 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.

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

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