Credit Suisse Believes Noble Energy (NBL) Still Has Room to Grow


Credit Suisse analyst William Featherston maintained a Buy rating on Noble Energy (NYSE: NBL) on July 10 and set a price target of $47. The company’s shares opened today at $35.95, close to its 52-week high of $37.76.

According to TipRanks.com, Featherston is a 3-star analyst with an average return of 2.4% and a 54.8% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Concho Resources, and Pioneer Natural.

Currently, the analyst consensus on Noble Energy is a Strong Buy with an average price target of $43.20, which is a 20.2% upside from current levels. In a report issued on July 5, Goldman Sachs also maintained a Buy rating on the stock with a $45.25 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $37.76 and a one-year low of $22.99. Currently, Noble Energy has an average volume of 4.21M.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Dustin Hatley, the VP & CAO of NBL sold 4,178 shares for a total of $140,297.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Noble Energy, Inc. engages in the acquisition, exploration, and development of crude oil and natural gas. It operates through the following segments: United States, Eastern Mediterranean, West Africa, Other International, and Midstream. The United States segment consists of U.S. onshore and Gulf of Mexico.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts