Noble Energy Reaches New 52-Week High (NBL)

NEW YORK ( TheStreet) -- Noble Energy (NYSE: NBL) hit a new 52-week high Thursday as it is currently trading at $65.15, above its previous 52-week high of $64.79 with 246,005 shares traded as of 10:26 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Noble Energy has a market cap of $22.62 billion and is part of the basic materials sector and energy industry. Shares are up 25.5% year to date as of the close of trading on Wednesday.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids primarily in the United States, West Africa, and Eastern Mediterranean.

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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 revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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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