What Wall Street Recommends for Noble Energy after Q2 Earnings
Analysts’ rating for Noble Energy
Approximately 50% of analysts have rated Noble Energy (NBL) as a “buy,” and 28% rate the stock as a “hold.” The average broker target price of $38.19 implies a potential return of ~50% in the next 12 months.
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High and low target prices provided by analysts
Analysts’ high and low target prices for Noble Energy are $62 and $23, respectively. Noble is a component of the First Trust ISE-Revere Natural Gas Index Fund (FCG), which invests ~6% of its portfolio in Noble Energy.
Recent rating changes
In late June, Seaport Global downgraded NBL to “sell.” In May, Bank of America had upgraded the stock to “buy.”