In a report released today, Tim Rezvan from Oppenheimer assigned a Hold rating to Noble Energy (NBL). The company’s shares opened today at $22.25.
According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 1.1% and a 51.3% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Par Pacific Holdings.
Noble Energy has an analyst consensus of Moderate Buy, with a price target consensus of $32.
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Based on Noble Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.14 billion and net profit of $227 million. In comparison, last year the company earned revenue of $1.14 billion and had a net profit of $494 million.
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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.
