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Noble Energy and Its Analysts: What Are the 12-Month Targets?

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Analysts’ price targets

About 54.0% of analysts rate Noble Energy (NBL) a “buy,” and ~30.0% rate it a “hold.” The average broker target price of $46.24 implies a potential return of ~15.4% for NBL stock in the next 12 months.

Noble’s high target price is $67, and the low target price is $35.

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Recent upgrades and downgrades for NBL stock

On January 17, 2017, Seaport Global Securities upgraded its rating for Noble Energy from “sell” to “neutral.” In December 2016, the firm downgraded its rating from “neutral” to “sell.”

In comparison, NBL’s peer Cabot Oil & Gas (COG) was recently downgraded. On January 4, 2017, Bank of America Merrill Lynch downgraded COG from “buy” to “underperform.”

In contrast, ratings for Antero Resources (AR) have been upgraded. Piper Jaffrey and Raymond James upgraded their ratings on January 13, 2017, and January 3, 2017, respectively. Piper Jaffrey upgraded its rating from “neutral” to “overweight,” and Raymond James upgraded from “outperform” to “strong buy.”

Analysts’ forecasts for 4Q16

For 4Q16, analysts have projected an average earnings estimate of -$0.11 per share for NBL. The low estimate stands at around -$0.22 per share, and the high is $0.02 per share.

The average revenue estimate for NBL is ~$1.0 billion for 4Q16, while the low revenue estimate stands at ~$935.0 million. The high revenue estimate is ~$1.1 billion.

Read Noble Energy Releases Better-Than-Expected 3Q16 Earnings to see how NBL performed in 3Q16.

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