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Company Update: Noble Energy Inc (NYSE:NBL) – Noble Energy Further Enhances Wells Ranch Position Through DJ Basin Acreage Trade

[GlobeNewswire] – Houston, June 16, 2016– Noble Energy, Inc. announced today that the Company has signed definitive agreements with PDC Energy, Inc. to exchange certain acreage in the greater Wattenberg area of northern … Read more on this. Noble Energy, Inc. (NBL) , with a current value of $15.22B, opened at $36.20. A quick look at the market, the company’s stock traded between $35.17 and $36.15 and has traded between $23.77 and $45.39 over the past 12 months. NBL shares are currently priced at -29.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -10.62x earnings multiple. And for dividend hunters, the company pays shareholders $0.40 per share annually in dividends, yielding 1.11%. According to a consensus of 28 analysts, the earnings estimate of $-0.33 per share would be $0.26 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $-1.25, which would be a $1.77 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $858.44 Million. If reported, that would be a 17.59% increase over the year-ago quarter. Recently, Seaport Global Securities upgraded NBL from Neutral to Buy (Jun 7, 2016). Previously, Sterne Agee CRT upgraded NBL from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $43.06, which is 18.95% above than it opened this morning. See more in (NYSE:NBL) Similar Articles: Market Update: Noble Energy Inc (NYSE:NBL) – Noble Energy to Present at Upcoming Energy Conference Market Update: Noble Energy Inc (NYSE:NBL) – Technical Data Influencing the Market – Analyst Notes on Noble Energy, Kohl’s, SanDisk and Stanley Black & Decker Market Update: Noble Energy Inc (NYSE:NBL) – Noble Energy Enhances Financial Flexibility With Debt Refinancing
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