Investors are Diving into the 1.21 Beta on Shares of Noble Energy, Inc. (NYSE:NBL)

After looking for stocks with higher betas, we can see that Noble Energy, Inc. (NYSE:NBL) has a current beta of 1.21. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 22.19. From the session open, shares have moved 0.54%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

From time to time, even solid companies may experience some sort of setback. Just because a company encounters one negative event, it might not be appropriate to sell the stock. Often times, the stock may still be valuable on a fundamental level, and there may be plenty of room for resurgence. When bad news hits, the stock price may be greatly impacted. Sometimes there can be an overexaggeration which leads to erroneous selling. This can in turn provide buying opportunities to those in the know. Investors who do the homework and closely examine the underlying numbers may put themselves in a good position when situation like this arise. Investors that are looking for longer term value may find that a panic sell-off is the perfect chance to get into a stock that has just suffered a temporary setback. Paying attention to these occurrences can greatly help the investor spot potential buying opportunities in the equity market.

We are also noting that Noble Energy, Inc. (NYSE:NBL) was recently seen trading -23.38% away from the 50-day high and 29.69% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -41.23%, and the distance from the 52-week low is currently 29.69%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $37.72. The consensus recommendation provided by covering sell-side analysts is currently 2.10. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

After a recent check, Noble Energy, Inc. (NYSE:NBL) shares have been seen trading 9.56% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading -3.67% off of that mark. Looking at the 200-day moving average, shares have been trading -26.54% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Noble Energy, Inc. (NYSE:NBL). Stock price performance for the past week is currently noted at 7.30%. If we look back to the beginning of the calendar year, shares have performed 18.28%. Looking back over the past full-year, shares have performed -29.20%. Over the past month, the stock has performed -1.29%. Over the last quarter, the stock has performed -29.01%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 3.95% for the week, and 4.76% for the past month.

Investors may be trying to decide if it is the right time to enter the equity market. Stocks have been performing well of late, and investors may be eager to catch the next potential move higher. When looking to put money into the stock market, investors might be working hard to create a strategy and choose specific stocks to add to the portfolio. Building a strategy can be tough, but sticking to a strategy can be even tougher. Sticking to the game plan when markets are in flux can greatly improve the investor’s chances of succeeding in the market.