This Simple Rating Report Sets the Tone in Noble Energy, Inc. (NBL)

Analysts at Morgan Stanley upped their rating on shares of Noble Energy, Inc. (NYSE:NBL) from Equal-Weight to Overweight in their opinion released on January 09. CapitalOne analysts bumped their recommendation on NBL stock from Underweight to Equal Weight in a separate flash note to investors on December 24. Analysts at CapitalOne downgraded the stock to a Underweight call from its previous Overweight stance, in a research note that dated back to December 20.

By watching the trading activity of corporate insiders, it will become easier to get a sense of Noble Energy, Inc. (NYSE:NBL)’s prospects. The earliest insider trade took place on 07/10/2018. Willingham Gary W. parted with a total of 24.65 thousand shares of company at average share price of $37.5. The total for the sales was set at $924.23 thousand. After this transaction, the Exec. VP Operations account balance stood at 200.01 thousand shares. The stock lost -40.83 percent since that insider sale. On 07/10/2018, Rimer Charles J., Sr. VP Global Services, sold 17.02 thousand shares at a price per share of $37.04. This removed 630.42 thousand shares from the insider’s fortune and the stock saw a -40.09 percent retreat in value since the news became public. This transaction left 99.34 thousand shares in the Sr. VP Global Services account. On 05/21/2018, Sr. VP Human Resources & Admin Robison Andrea Lee performed a sale transaction worth $324.12 thousand. This sale at $37 each has eliminated 8.76 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -40.03 percent decrease since the transaction was reported. The insider now is left with 94.58 thousand shares remaining in the account. Robison Andrea Lee, who performs the Sr. VP Human Resources & Admin job, sold 8.76 thousand shares for $306.6 thousand. The disposal occurred on 05/09/2018 was priced at $35 per share. The share price plunged -36.6 percent since the reporting date. Robison Andrea Lee now left with a stake of 94.57 thousand NBL stock worth $2.1 million after the insider selling.

Noble Energy, Inc. (NBL) is expected to jump by 57.64 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $59-month high price target. This represents a whopping 165.89 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $33, which represents a return potential of 48.72 percent when compared to the closing price of the stock of $22.19 on Friday, January 11. The lowest price target for the stock is $18 — slightly more than -18.88 percent from NBL’s current share price.

The shares are currently floating around the first support level of $21.89. Below this, the next support is placed in the zone of $21.6. Till the time, the NBL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 54.41 on daily chart, which may remain a cause for concern. If the price breaks below $21.6 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $22.37 mark may result into a pull-back move towards $22.55 level.

NBL shares dropped -0.18 points or -0.8 percent on Friday to $22.19 with a light trade volume of 4.187 million shares. After opening the session at $22.07, the shares went as high as $22.25 and as low as $21.775, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $10.7 billion and now has 483.69 million shares outstanding. Noble Energy, Inc. (NBL) stock has lost -1.29 percent of market value in 21 trading days.

NBL stock has a trailing 3-year beta of 1.33, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.91 a share in the trailing twelve months. The stock’s value has surged 18.28 percent year to date (YTD) against a decline of -29.2 percent in 12 month’s time. The company’s shares still trade -41.23 percent away from its 1-year high of $37.76 and 29.69 percent up from 52-week low of $17.11. The average consensus rating on the company is 2.1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Noble Energy, Inc. (NBL) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NBL operates in has an average P/E of 14.33. Its P/E ratio went as low as 14.34X and as high as 27.26 over the 5-year span. Further, it is sporting a 2.15 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.85. 88.1 percent is the gross profit margin for Noble Energy, Inc. and operating margin sits at 40.3 percent. Along with this, the net profit margin is 25.1 percent.