Shares of Noble Co. PLC (NYSE:NE) hit a new 52-week low during trading on Thursday . The company traded as low as $3.37 and last traded at $3.43, with a volume of 3961466 shares trading hands. The stock had previously closed at $3.61.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Noble from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Tuesday. Piper Jaffray Companies set a $6.00 price target on shares of Noble and gave the company a “hold” rating in a research note on Tuesday, November 6th. Tudor Pickering upgraded shares of Noble from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. ValuEngine cut shares of Noble from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 29th. Finally, Credit Suisse Group set a $6.00 price target on shares of Noble and gave the company a “hold” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. Noble has a consensus rating of “Hold” and a consensus target price of $6.06.

The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $885.99 million, a PE ratio of -3.01 and a beta of 2.41.

Noble (NYSE:NE) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.02. Noble had a negative net margin of 79.51% and a negative return on equity of 8.26%. The business had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $263.19 million. During the same period in the prior year, the company posted ($0.36) EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that Noble Co. PLC will post -1.84 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of NE. BlueMountain Capital Management LLC purchased a new stake in Noble in the 3rd quarter worth approximately $28,269,000. Dimensional Fund Advisors LP increased its holdings in shares of Noble by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,640,068 shares of the oil and gas company’s stock worth $105,330,000 after buying an additional 2,346,793 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Noble in the 2nd quarter worth $12,669,000. BlackRock Inc. increased its holdings in shares of Noble by 4.8% in the 2nd quarter. BlackRock Inc. now owns 37,605,342 shares of the oil and gas company’s stock worth $238,043,000 after buying an additional 1,720,572 shares during the last quarter. Finally, University of Notre Dame DU Lac bought a new position in shares of Noble in the 3rd quarter worth $11,485,000. Institutional investors and hedge funds own 85.64% of the company’s stock.

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Noble Company Profile (NYSE:NE)

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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