In a report issued on July 9, Mark Lear from Jefferies reiterated a Buy rating on Noble Energy (NYSE: NBL), with a price target of $48. The company’s shares closed yesterday at $36.02, close to its 52-week high of $37.76.
According to TipRanks.com, Lear is a 3-star analyst with an average return of 2.8% and a 54.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.
Currently, the analyst consensus on Noble Energy is a Strong Buy with an average price target of $44.39, representing a 23.2% upside. In a report issued on July 5, Goldman Sachs also maintained a Buy rating on the stock with a $45.25 price target.
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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 4.18M.
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.
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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.
