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How Did Noble Energy Stock React to Acquisition News?

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Jan. 19 2017, Updated 7:37 a.m. ET

NBL stock reaction

Following the news of Noble Energy’s (NBL) acquisition of Clayton Williams Energy (CWEI), NBL stock closed 7.0% higher on January 17, 2017, compared to the previous day’s close.

In the two weeks since January 3, 2017, or the start of the year, NBL has risen ~4.2%. Natural gas prices (UNG) rose ~2.6% at the end of the two-week period.

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The broader energy industry

Toward the end of the two-week period mentioned above, Noble Energy was outperforming the broader energy industry represented by the Energy Select Sector SPDR ETF (XLE). It was also outperforming the broader market represented by the SPDR S&P 500 ETF (SPY).

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