Noble Co. Ordinary Shares (UK) (NYSE:NE)’s share price fell 3.1% on Monday . The company traded as low as $5.97 and last traded at $6.02, with a volume of 5,500,040 shares trading hands. The stock had previously closed at $6.21.

A number of research firms have weighed in on NE. Jefferies Group reiterated a “hold” rating on shares of Noble Co. Ordinary Shares (UK) in a research note on Sunday, July 10th. Zephirin Group reiterated a “hold” rating and set a $16.00 price objective (up previously from $11.00) on shares of Noble Co. Ordinary Shares (UK) in a research note on Thursday, May 5th. Evercore ISI reiterated a “buy” rating and set a $11.00 price objective on shares of Noble Co. Ordinary Shares (UK) in a research note on Friday, May 13th. Simmons reiterated an “underweight” rating and set a $4.70 price objective (down previously from $6.00) on shares of Noble Co. Ordinary Shares (UK) in a research note on Friday, May 13th. Finally, Zacks Investment Research lowered Noble Co. Ordinary Shares (UK) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Noble Co. Ordinary Shares (UK) currently has an average rating of “Hold” and an average price target of $9.63.

The company has a market cap of $1.48 billion and a price-to-earnings ratio of 2.53. The firm has a 50 day moving average price of $7.52 and a 200-day moving average price of $9.02.

Noble Co. Ordinary Shares (UK) (NYSE:NE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.22. During the same period last year, the business posted $0.64 earnings per share. The firm had revenue of $894.70 million for the quarter, compared to analyst estimates of $527.48 million. Noble Co. Ordinary Shares (UK)’s quarterly revenue was down 37.2% on a year-over-year basis. On average, equities research analysts forecast that Noble Co. Ordinary Shares will post ($0.01) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Monday, August 1st were given a dividend of $0.02 per share. The ex-dividend date was Thursday, July 28th. This represents a $0.08 dividend on an annualized basis and a yield of 1.32%.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.