2 Energy Stocks With New Ratings and Price Targets in November

Wall St. Watchdog reveals information about companies for which stock analysts reiterated ratings in the Basic Materials sector for the week ending November 18th, 2011.

• Noble Energy (NYSE:NBL): UBS reiterated its rating of Buy for this company and changed its price target from $113 to $117. RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $112 to $118 on Nov 16th. The shares recently traded at $89.88, down $4.78, or 5.05% since the analyst’s rating. About the company: Noble Energy, Inc. is an independent energy exploration and production company. The Company explores for and produces crude oil, natural gas, and natural gas liquids. Noble Energy operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the US, with key international operations offshore Israel, the North Sea and West Africa. Get the most recent company news and stock data here >>
• McMoRan Expl (NYSE:MMR): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $17 to $19 on Nov 16th. The shares recently traded at $14.21, down $0.87, or 5.77% since the analyst’s rating. About the company: McMoRan Exploration Co. explores for and produces oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area. Get the most recent company news and stock data here >>
• Noble Energy (NYSE:NBL): Wunderlich reiterated its rating of Buy for this company and changed its price target from $110 to $120 on Nov 17th. The shares recently traded at $89.88, down $2.98, or 3.21% since the analyst’s rating. About the company: Noble Energy, Inc. is an independent energy exploration and production company. The Company explores for and produces crude oil, natural gas, and natural gas liquids. Noble Energy operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the US, with key international operations offshore Israel, the North Sea and West Africa. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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