Piper Jaffray analyst David Kistler reiterated a Buy rating on Noble Energy (NYSE: NBL) on August 10 and set a price target of $51. The company’s shares closed on Friday at $30.58.
According to TipRanks.com, Kistler is a 4-star analyst with an average return of 9.1% and a 62.3% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Whiting Petroleum Corp.
Noble Energy has an analyst consensus of Strong Buy, with a price target consensus of $44.02, implying a 44.0% upside from current levels. In a report issued on August 3, RBC Capital also reiterated a Buy rating on the stock with a $44 price target.
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Based on Noble Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.1 billion and GAAP net loss of $23 million. In comparison, last year the company earned revenue of $1.02 billion and had a GAAP net loss of $1.51 billion.
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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.
