Noble Corp. (NE) Stock Price Down 3.8%
Noble Corp. (NYSE:NE)’s share price fell 3.8% during trading on Friday . The company traded as low as $7.55 and last traded at $7.62, with a volume of 4,943,761 shares changing hands. The stock had previously closed at $7.92.
A number of brokerages have commented on NE. Clarkson Capital reissued a “buy” rating on shares of Noble Corp. in a report on Monday, April 11th. Barclays PLC reduced their target price on Noble Corp. from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Monday, March 28th. TheStreet raised Noble Corp. from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Zephirin Group reissued a “hold” rating and set a $16.00 target price (up previously from $11.00) on shares of Noble Corp. in a report on Thursday, May 5th. Finally, Jefferies Group increased their target price on Noble Corp. from $7.00 to $9.00 and gave the company a “hold” rating in a report on Monday, April 4th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Noble Corp. currently has a consensus rating of “Hold” and a consensus target price of $9.77.
The company has a 50 day moving average price of $8.62 and a 200-day moving average price of $9.18. The stock has a market cap of $1.84 billion and a price-to-earnings ratio of 4.29.
Noble Corp. (NYSE:NE) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.02. The firm earned $612 million during the quarter, compared to analyst estimates of $632.03 million. During the same period last year, the firm posted $0.72 EPS. The firm’s revenue was down 23.9% on a year-over-year basis. On average, equities analysts forecast that Noble Corp. will post $0.20 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.06%.
A hedge fund recently raised its stake in Noble Corp. stock. Schroder Investment Management Group boosted its position in Noble Corp. (NYSE:NE) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 443,641 shares of the company’s stock after buying an additional 14,700 shares during the period. Schroder Investment Management Group owned approximately 0.18% of Noble Corp. worth $4,681,000 as of its most recent filing with the SEC.
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.
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