Consensus ratings for Noble Energy
Approximately 63% of analysts rate Noble Energy (NBL) a “buy” and 37% rate it a “hold.” The average broker target price of $44.81 implies a return of ~17.4% in the next 12 months.
Analysts’ target prices
The high and low analyst target prices for Noble Energy are $67 and $35, respectively. NBL is a component of the SPDR S&P North American Natural Resources ETF (NANR), which invests 0.75% of its portfolio in Noble Energy.
In comparison, Antero Resources (AR), Cabot Oil and Gas (COG), and Chesapeake Energy (CHK) have average broker target prices of $34.48, $27.95, and $7.46, respectively. These imply returns of ~41%, 26%, and 6.6%, respectively, in the next 12 months. These companies make up a combined 5.6% of the First Trust Energy AlphaDEX ETF (FXN).
For the latest news on these companies, you can read Deutsche Bank Upgrades AR and RICE to ‘Buy’: Stock Reaction, Has Cabot Oil & Gas Played Its Cards Right? You Decide and Why Is Chesapeake Energy Currently a Market Favorite?