Noble Corporation (NE) Bond Prices Fall 0.8%
An issue of Noble Corporation (NYSE:NE) bonds fell 0.8% as a percentage of their face value during trading on Tuesday. The debt issue has a 7.75% coupon and is set to mature on January 15, 2024. The bonds in the issue are now trading at $86.50 and were trading at $88.50 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Several research firms have recently weighed in on NE. ValuEngine raised shares of Noble Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $2.85 target price on shares of Noble Corporation in a report on Sunday, October 22nd. Royal Bank Of Canada raised shares of Noble Corporation from an “underperform” rating to a “sector perform” rating and set a $5.00 target price for the company in a report on Friday, August 25th. Deutsche Bank AG began coverage on shares of Noble Corporation in a report on Tuesday, October 10th. They set a “hold” rating and a $4.00 target price for the company. Finally, began coverage on shares of Noble Corporation in a report on Thursday, October 19th. They set a “buy” rating and a $5.30 target price for the company. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. Noble Corporation has a consensus rating of “Hold” and a consensus price target of $5.56.
Shares of Noble Corporation (NYSE NE) opened at $4.13 on Thursday. Noble Corporation has a one year low of $3.14 and a one year high of $8.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 1.58.
Noble Corporation (NYSE:NE) last announced its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.36). Noble Corporation had a negative net margin of 136.22% and a negative return on equity of 3.94%. The company had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $269.61 million. During the same quarter in the previous year, the company posted ($0.23) EPS. The firm’s quarterly revenue was down 30.9% on a year-over-year basis. research analysts forecast that Noble Corporation will post -1.17 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Noble Corporation during the 3rd quarter valued at about $102,000. HighTower Advisors LLC acquired a new position in shares of Noble Corporation during the 1st quarter valued at about $139,000. Tudor Investment Corp ET AL boosted its position in shares of Noble Corporation by 126.1% during the 1st quarter. Tudor Investment Corp ET AL now owns 30,300 shares of the oil and gas company’s stock valued at $188,000 after acquiring an additional 16,900 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Noble Corporation by 109.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the oil and gas company’s stock valued at $125,000 after acquiring an additional 16,400 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of Noble Corporation during the 2nd quarter valued at about $117,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.
Noble Corporation Company Profile
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
Receive News & Ratings for Noble Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.