Noble Corp. (NE) Stock Price Down 2.7%
Noble Corp. (NYSE:NE)’s share price was down 2.7% during trading on Tuesday . The company traded as low as $6.51 and last traded at $6.57, with a volume of 7,067,579 shares trading hands. The stock had previously closed at $6.75.
A number of equities analysts recently commented on NE shares. Zacks Investment Research lowered Noble Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Vetr raised Noble Corp. from a “hold” rating to a “buy” rating and set a $9.76 price target for the company in a research note on Monday, June 13th. Evercore ISI reissued a “buy” rating and set a $11.00 price target on shares of Noble Corp. in a research note on Friday, May 13th. Argus lowered Noble Corp. from a “buy” rating to a “hold” rating and dropped their price target for the company from $9.71 to $8.53 in a research note on Friday, May 20th. Finally, Jefferies Group reissued a “hold” rating on shares of Noble Corp. in a research note on Sunday, July 10th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.63.
The stock has a 50-day moving average price of $7.63 and a 200 day moving average price of $9.04. The stock has a market capitalization of $1.58 billion and a P/E ratio of 2.70.
Noble Corp. (NYSE:NE) last announced its earnings results on Wednesday, July 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.22. The business earned $894.70 million during the quarter, compared to the consensus estimate of $527.48 million. The firm’s revenue for the quarter was down 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Noble Corp. will post $0.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Monday, August 1st were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, July 28th.
An institutional investor recently raised its position in Noble Corp. stock. Schroder Investment Management Group boosted its position in shares of Noble Corp. (NYSE:NE) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.18% of Noble Corp. worth $4,681,000 as of its most recent SEC filing.
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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