Noble Energy, Inc. (NBL) grew with the stock adding 0.41% or $0.15 to close at $36.8 on light trading volume of 1.9M compared its three months average trading volume of 3.81M. The Houston Texas 77070 based company operating under the Independent Oil & Gas industry has been trending down for the last 52 weeks, with the shares price now -2.56% down for the period and up by 12.42% so far this year. With price target of $43.3 and a 55.74% rebound from 52-week low, Noble Energy, Inc. has plenty of upside potential, making it a hold with a view buy.
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Its principal projects are located in DJ Basin, Marcellus Shale, Eagle Ford Shale, and Permian Basin, the United States; deepwater Gulf of Mexico; offshore Eastern Mediterranean; and offshore West Africa. As of December 31, 2015, the company had approximately 1,421 million barrels oil equivalent of total proved reserves. Noble Energy, Inc. was founded in 1932 and is headquartered in Houston, Texas.
Apache Corp. (APA) had a light trading with around 2.63M shares changing hands compared to its three month average trading volume of 3.69M. The stock traded between $56.7 and $57.64 before closing at the price of $57.12 with 0.42% change on the day. The Houston Texas 77056 based company is currently trading 78.2% above its 52 week low of $32.2 and -4.14% below its 52 week high of $59.59. Both the RSI indicator and target price of and $56.58 respectively, lead us to believe that it could rise over the coming weeks.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.
Valley National Bancorp (VLY) saw its value increase by 0.42% as the stock gained $0.04 to finish the day at a closing price of $9.47. The stock was lighter in trading and has fluctuated between $8.31-$11.24 per share for the past year. The shares, which traded within a range of $9.4 to $9.53 during the day, are down by -2.71% in the past three months and up by 9.67% over the past six months. It is currently trading 4.62% above its 20 day moving average and 3.87% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $9.88 a share over the next twelve months. The current relative strength index (RSI) reading is 62.13.The technical indicator lead us to believe there will be no major movement any time soon, hold.
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The companys loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.