Noble Corporation (NE) Stock Price Down 0%
Noble Corporation (NYSE:NE) shares traded down 0% on Monday . The company traded as low as $4.34 and last traded at $4.63. 8,633,500 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 6,592,890 shares. The stock had previously closed at $4.63.
Several research analysts have commented on NE shares. Seaport Global Securities reissued a “neutral” rating on shares of Noble Corporation in a research report on Monday, August 7th. Royal Bank Of Canada set a $5.00 price objective on Noble Corporation and gave the company a “hold” rating in a research report on Sunday. Goldman Sachs Group, Inc. (The) raised Noble Corporation to a “sell” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies set a $4.00 price objective on Noble Corporation and gave the company a “hold” rating in a research report on Monday, August 7th. Finally, UBS AG raised Noble Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $4.00 to $6.00 in a research report on Monday, September 25th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. Noble Corporation has a consensus rating of “Hold” and a consensus target price of $5.56.
The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.64.
Noble Corporation (NYSE:NE) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.36). Noble Corporation had a negative return on equity of 3.94% and a negative net margin of 136.22%. The company had revenue of $266.20 million during the quarter, compared to the consensus estimate of $269.61 million. During the same period in the previous year, the firm posted ($0.23) earnings per share. Noble Corporation’s quarterly revenue was down 30.9% compared to the same quarter last year. research analysts predict that Noble Corporation will post -1.17 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Founders Capital Management boosted its position in shares of Noble Corporation by 95.9% during the second quarter. Founders Capital Management now owns 30,270 shares of the oil and gas company’s stock worth $110,000 after buying an additional 14,820 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Noble Corporation during the second quarter worth approximately $117,000. Nisa Investment Advisors LLC boosted its position in shares of Noble Corporation by 109.3% during the second quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the oil and gas company’s stock worth $125,000 after buying an additional 16,400 shares during the period. Brave Asset Management Inc. boosted its position in shares of Noble Corporation by 40.0% during the second quarter. Brave Asset Management Inc. now owns 35,000 shares of the oil and gas company’s stock worth $127,000 after buying an additional 10,000 shares during the period. Finally, Wright Investors Service Inc. boosted its position in shares of Noble Corporation by 3.9% during the second quarter. Wright Investors Service Inc. now owns 38,115 shares of the oil and gas company’s stock worth $138,000 after buying an additional 1,440 shares during the period. Institutional investors own 94.07% of the company’s stock.
About Noble Corporation
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.