Noble Energy, Inc. (NBL) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now down 7.34% over the past one-month time frame.
This U.S.-based oil exploration and production stock witnessed 3 positive estimate revisions and 12 negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Noble Energy carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, some better-ranked stocks in the same sector include Callon Petroleum Company (CPE), Carrizo Oil & Gas Inc. (CRZO) and Cobalt International Energy, Inc. (CIE). All these stocks sport a Zacks Rank #1 (Strong Buy).
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