Noble Energy Stock Hits New 52-Week High (NBL)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $103.45, above its previous 52-week high of $103.20 with 92,022 shares traded as of 10 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.
Noble Energy has a market cap of $17.75 billion and is part of the
sector and
industry. Shares are up 8.3% year to date as of the close of trading on Thursday.
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 23, above the average energy industry P/E ratio of 22.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Noble Energy as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
.
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