In a report released yesterday, William Featherston from Credit Suisse maintained a Buy rating on Noble Energy (NYSE: NBL), with a price target of $44. The company’s shares closed on Friday at $36.23, close to its 52-week high of $36.53.
According to TipRanks.com, Featherston is a 1-star analyst with an average return of -0.5% and a 56.6% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Pioneer Natural, and EOG Resources.
Currently, the analyst consensus on Noble Energy is Strong Buy and the average price target is $41.90, representing a 15.7% upside.
In a report issued on May 18, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $42 price target.
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The company has a one-year high of $36.53 and a one-year low of $22.99. Currently, Noble Energy has an average volume of 4.6M.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Dustin Hatley, the VP & CAO of NBL sold 4,178 shares for a total of $140,297.
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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.
