Noble Energy Reaches New 52-Week High (NBL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Noble Energy (NYSE:NBL) hit a new 52-week high Tuesday as it is currently trading at $110.27, above its previous 52-week high of $110.08 with 158,209 shares traded as of 10:25 a.m. ET. Average volume has been 965,700 shares over the past 30 days.

Noble Energy has a market cap of $19.42 billion and is part of the basic materials sector and energy industry. Shares are up 7.3% year to date as of the close of trading on Monday.

Noble Energy, Inc., through its subsidiaries, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the United States, West Africa, Eastern Mediterranean, the North Sea, and internationally. The company has a P/E ratio of 46.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Noble Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Noble Energy Ratings Report.

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