Wells Fargo (NYSE:WFC) analyst Wells Fargo maintained a Hold rating on Noble Energy (NASDAQ:NBL) on Tuesday, setting a price target of $8.5, which is approximately 0.47% above the present share price of $8.46.
expects Noble (OTC:NEBLQ) Energy to post earnings per share (EPS) of -$0.85 for the fourth quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Hold rating of shares in Noble Energy, with an average price target of $11.11.
The analysts price targets range from a high of $13 to a low of $8.5.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $571 million and a net profit of -$114 million. The company's market cap is $4.1 billion.
According to TipRanks.com, Wells Fargo analyst Wells Fargo is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.5% and a 62.05% success rate.
Noble Energy, Inc. operates as an exploration and production company. It engages in the acquisition, exploration and development of crude oil and natural gas. The firm operates through the following geographical segments: United States, Eastern Mediterranean, West Africa, Other International and Midstream. The United States segment consists of U.S. onshore and Gulf of Mexico. The Eastern Mediterranean segment includes Israel and Cyprus. The West Africa segment comprises of Equatorial Guinea, Cameroon, and Gabon. The Other International segment is composed of Newfoundland, Suriname, and other new ventures. The Midstream segment owns, operates, develops, and acquires domestic midstream infrastructure assets with current focus areas being the DJ and Delaware Basins. The company was founded by Lloyd Noble in 1932 and is headquartered in Houston, TX.