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**Noble Energy, Inc. (NBL)**, with a current market cap of $15.73B, opened at $36.00. Looking at the equity, the company’s one day range is $35.53 to $36.92 with its 52-week range being $23.77 to $52.69.

**NBL** shares are currently priced at -26.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.40 per share annually in dividends, yielding 1.11%.

Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $-0.57 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-1.34 is a $1.86 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $784.48 Million. If realized, that would be a 3.36% increase over the year-ago quarter.

**In terms of ratings, ** Tudor Pickering downgraded NBL from Buy to Hold (Mar 28, 2016). Previously, Nomura upgraded NBL from Neutral to Buy. The average price target for NBL shares by the analysts covering the stock is $38.94, which is 8.17% above where the stock opened this morning.

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**Noble Energy, Inc. (NBL)**, valued at $13.84B, opened this morning at $31.95. Shares have traded today between $31.40 and $32.27 per share and has traded between $23.77 and $53.68 over the past 12 months.

**NBL** shares are currently priced at -25.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -0.48x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.40 per share annually in dividends, yielding 1.33%.

Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $-0.49 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-1.24 which would be a $1.76 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $793.65 Million. If realized, that would be a 4.57% increase over the year-ago quarter.

**In terms of ratings, ** Tudor Pickering downgraded NBL from Buy to Hold (Mar 28, 2016). Previously, Nomura upgraded NBL from Neutral to Buy. With the above information in mind, readers should note that the average price target is $38.25, which is 19.72% above where the stock opened this morning.

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