Zurcher Kantonalbank Zurich Cantonalbank Has $216,000 Position in Noble Co. PLC (NE)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Noble Co. PLC (NYSE:NE) by 127.6% during the third quarter, HoldingsChannel.com reports. The fund owned 30,703 shares of the oil and gas company’s stock after purchasing an additional 17,214 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Noble were worth $216,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Welch & Forbes LLC acquired a new stake in shares of Noble in the 3rd quarter valued at approximately $115,000. First Mercantile Trust Co. raised its position in shares of Noble by 210.1% in the 3rd quarter. First Mercantile Trust Co. now owns 29,051 shares of the oil and gas company’s stock valued at $204,000 after acquiring an additional 19,684 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Noble in the 2nd quarter valued at approximately $229,000. Laurion Capital Management LP acquired a new stake in shares of Noble in the 2nd quarter valued at approximately $284,000. Finally, LMR Partners LLP acquired a new stake in shares of Noble in the 2nd quarter valued at approximately $317,000. Institutional investors and hedge funds own 85.64% of the company’s stock.
A number of brokerages recently weighed in on NE. Argus upgraded shares of Noble from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Susquehanna Bancshares set a $8.00 target price on Noble and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Credit Suisse Group set a $6.00 target price on Noble and gave the stock a “hold” rating in a research note on Friday, November 2nd. BTIG Research began coverage on Noble in a research note on Monday, September 17th. They set a “neutral” rating for the company. Finally, Societe Generale raised Noble from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.24.
Noble (NYSE:NE) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.02. The company had revenue of $279.41 million during the quarter, compared to analysts’ expectations of $263.19 million. Noble had a negative net margin of 79.51% and a negative return on equity of 8.26%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned ($0.36) EPS. On average, sell-side analysts forecast that Noble Co. PLC will post -1.84 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Zurcher Kantonalbank Zurich Cantonalbank Has $216,000 Position in Noble Co. PLC (NE)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.watchlistnews.com/zurcher-kantonalbank-zurich-cantonalbank-has-216000-position-in-noble-co-plc-ne/2670287.html.
Noble Company Profile
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.
Featured Story: Fundamental Analysis and Individual Investors
Want to see what other hedge funds are holding NE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Co. PLC (NYSE:NE).
Receive News & Ratings for Noble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble and related companies with MarketBeat.com's FREE daily email newsletter.