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ValuEngine downgraded Noble Energy, Inc. (NYSE:NBL) to Sell in a statement released earlier today.

Yesterday Noble Energy, Inc. (NYSE:NBL) traded 1.42% higher at $28.51. The company’s 50-day moving average is $26.98 and its 200-day moving average is $28.62. The last stock close price is down -2.99% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same period. Volume of trade was down over the average, with 2,907,048 shares of NBL changing hands under the typical 5,010,030

ValuEngine has downgraded Noble Energy, Inc. (NYSE:NBL) to Sell in a statement released on Friday June 02, 2017.

On Monday May 29, 2017, Stifel Nicolaus reported on Noble Energy, Inc. (NYSE:NBL) raised the target price from $0.00 to $43.00. At the time, this indicated a possible upside of 0.46%.

Performance Chart

Noble Energy, Inc. (NYSE:NBL)

With a market capitalization of $0, Noble Energy, Inc. has 52 week low of $22.99 and a 52 week high of $42.03 .

In addition to ValuEngine reporting its stock price target, a total of 33 brokerages have issued a ratings update on the stock. The consensus target price is $43.30 with 5 firms rating the stock a strong buy, 19 firms rating the stock a buy, 12 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Noble Energy, Inc. (NYSE:NBL)

Noble Energy, Inc. is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company's segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland. The Company's portfolio of assets is diversified through the United States and international projects and production mix among crude oil, natural gas and NGLs. Its business focuses on both the United States unconventional basins and certain global conventional basins.

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