Noble Energy: Recent Trends in Analysts’ Recommendations
Analysts’ rating for Noble Energy
Approximately 53% of the analysts covering Noble Energy (NBL) rated it as a “buy” and ~18% rated it as a “strong buy.” The remaining 29% rated it as a “hold.” The average broker target price of $39.11 implies a potential return of ~32% in the next 12 months.
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Analysts’ target prices
Analysts’ high and low target prices for Noble Energy are $67 and $23, respectively. Noble Energy is part of the First Trust ISE-Revere Natural Gas Index Fund (FCG). FCG invests ~6% of its portfolio in Noble Energy.
Recent upgrades and downgrades
On June 21, 2017, Seaport Global Securities downgraded its ratings for the stock from “neutral” to “sell.” Earlier in June, Tudor, Pickering, Holt & Co upgraded Noble Energy from “hold” to “buy.” In May, Bank of America Merrill Lynch upgraded its rating for Noble Energy from “neutral” to “buy.”