uploads///oil monahans texas sunset

Noble Energy: Analysts’ Recommendations

Rabindra Samanta - Author

Nov. 20 2020, Updated 10:57 a.m. ET

Analysts’ recommendations

Based on Reuters data, among the 23 analysts tracking Noble Energy (NBL), 29% recommended a “hold,” 68% recommended a “buy,” and 3% recommended a “sell.”

Article continues below advertisement

Mizhuo upgraded Noble Energy

On March 19, Mizhuo upgraded Noble Energy from “neutral” to “buy.” Mizhuo increased the target price on Noble Energy stock by $1 to $29. Noble Energy expects a free cash flow of $1 billion in 2020. The company’s capital spending on the Leviathan natural gas field will end. Noble Energy expects natural gas sales from the Leviathan project to start at the end of this year. In the fourth quarter of 2018, Noble Energy made capital investments of ~$146 million in the Leviathan project.

In 2019, Noble Energy has allocated a significant portion of its capital expenditure in the Delaware Basin, which will likely strengthen the company’s financial position. On March 11, Cowen increased its target price on Noble Energy by $1 to $32.


Latest Noble Energy Inc News and Updates

    © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.