Noble Corp. (NE) Stock Price Up 4.1%
Noble Corp. (NYSE:NE) shares rose 4.1% during mid-day trading on Friday . The stock traded as high as $5.94 and last traded at $5.90, with a volume of 3,371,927 shares traded. The stock had previously closed at $5.67.
NE has been the subject of several research reports. Credit Suisse Group AG reissued a “buy” rating and issued a $10.00 target price on shares of Noble Corp. in a research report on Thursday. Zacks Investment Research raised Noble Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Vetr lowered Noble Corp. from a “strong-buy” rating to a “buy” rating and set a $9.76 price objective for the company. in a research report on Monday, June 6th. Jefferies Group reduced their price objective on Noble Corp. from $8.00 to $7.50 and set a “hold” rating for the company in a research report on Friday, July 29th. Finally, Nomura set a $6.00 price objective on Noble Corp. and gave the company a “sell” rating in a research report on Tuesday, August 16th. Eight equities 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. The company currently has an average rating of “Hold” and an average target price of $9.37.
The stock has a market cap of $1.42 billion and a PE ratio of 2.42. The stock has a 50 day moving average of $6.85 and a 200 day moving average of $8.89.
Noble Corp. (NYSE:NE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.23 by $0.22. During the same quarter last year, the firm posted $0.64 earnings per share. The business had revenue of $894.70 million for the quarter, compared to the consensus estimate of $527.48 million. The business’s revenue was down 37.2% compared to the same quarter last year. Equities analysts anticipate that Noble Corp. will post ($0.04) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Monday, August 1st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, July 28th.
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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