Noble Corp. (NE) Stock Price Down 2.8%
Shares of Noble Corp. (NYSE:NE) fell 2.8% on Thursday . The company traded as low as $5.45 and last traded at $5.60, with a volume of 9,194,240 shares changing hands. The stock had previously closed at $5.76.
A number of brokerages have weighed in on NE. Zephirin Group reissued a “hold” rating and issued a $16.00 price target (up from $11.00) on shares of Noble Corp. in a report on Thursday, May 5th. Vetr raised shares of Noble Corp. from a “hold” rating to a “buy” rating and set a $9.76 price target for the company in a report on Monday, June 13th. Simmons reissued an “underweight” rating and issued a $4.70 price target (down from $6.00) on shares of Noble Corp. in a report on Friday, May 13th. Evercore ISI reissued a “buy” rating and issued a $11.00 price target on shares of Noble Corp. in a report on Friday, May 13th. Finally, Zacks Investment Research downgraded shares of Noble Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. Noble Corp. presently has a consensus rating of “Hold” and a consensus target price of $9.37.
The company has a market cap of $1.38 billion and a PE ratio of 2.36. The firm’s 50-day moving average price is $6.96 and its 200 day moving average price is $8.93.
Noble Corp. (NYSE:NE) last posted its earnings results on Wednesday, July 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.22. The firm had revenue of $894.70 million for the quarter, compared to analysts’ expectations of $527.48 million. During the same period in the prior year, the business earned $0.64 earnings per share. The company’s revenue was down 37.2% on a year-over-year basis. On average, equities research analysts expect that Noble Corp. will post ($0.05) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Monday, August 1st were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.41%.
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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