Noble Corporation (NYSE:NE) – Analysts at Seaport Global Securities lifted their Q2 2017 EPS estimates for shares of Noble Corporation in a report released on Wednesday. Seaport Global Securities analyst M. Brown now expects that the brokerage will post earnings per share of ($0.31) for the quarter, up from their prior estimate of ($0.34). Seaport Global Securities also issued estimates for Noble Corporation’s Q3 2017 earnings at ($0.32) EPS, Q4 2017 earnings at ($0.32) EPS, FY2017 earnings at ($1.18) EPS, Q1 2018 earnings at ($0.30) EPS, Q2 2018 earnings at ($0.26) EPS, Q3 2018 earnings at ($0.30) EPS, Q4 2018 earnings at ($0.26) EPS and FY2018 earnings at ($1.13) EPS.

Noble Corporation (NYSE:NE) last released its earnings results on Thursday, February 9th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. The firm earned $410 million during the quarter, compared to the consensus estimate of $399.02 million. The company’s revenue was down 52.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS.

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Earnings History and Estimates for Noble Corporation (NYSE:NE)

Several other brokerages have also recently weighed in on NE. Sanford C. Bernstein started coverage on Noble Corporation in a research note on Thursday, December 1st. They issued a “market perform” rating and a $6.50 price target for the company. BMO Capital Markets set a $5.00 price target on Noble Corporation and gave the company a “sell” rating in a research note on Thursday, January 12th. Citigroup Inc. raised Noble Corporation from a “neutral” rating to a “buy” rating in a research note on Saturday, January 21st. Capital One Financial Corporation raised Noble Corporation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 17th. Finally, Credit Suisse Group set a $10.00 price target on Noble Corporation and gave the company a “buy” rating in a research note on Saturday, February 11th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.93.

Shares of Noble Corporation (NYSE:NE) opened at 7.17 on Friday. The company’s market cap is $1.74 billion. Noble Corporation has a 1-year low of $4.45 and a 1-year high of $13.90. The firm has a 50-day moving average price of $7.06 and a 200 day moving average price of $6.25.

“Noble Corporation (NE) Expected to Post Q2 2017 Earnings of ($0.31) Per Share” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another domain, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at http://www.dailypolitical.com/2017/02/17/noble-corporation-ne-expected-to-post-q2-2017-earnings-of-0-31-per-share.html.

Several hedge funds and other institutional investors have recently bought and sold shares of NE. Hedeker Wealth LLC bought a new position in Noble Corporation during the third quarter worth $255,000. Frontier Wealth Management LLC raised its position in Noble Corporation by 45.8% in the fourth quarter. Frontier Wealth Management LLC now owns 6,628 shares of the company’s stock worth $5,252,000 after buying an additional 2,082 shares in the last quarter. LS Investment Advisors LLC raised its position in Noble Corporation by 5.6% in the third quarter. LS Investment Advisors LLC now owns 15,695 shares of the company’s stock worth $100,000 after buying an additional 834 shares in the last quarter. Global Endowment Management LP bought a new position in Noble Corporation during the third quarter worth $100,000. Finally, Advisor Group Inc. raised its position in Noble Corporation by 112.7% in the third quarter. Advisor Group Inc. now owns 15,989 shares of the company’s stock worth $102,000 after buying an additional 8,472 shares in the last quarter. Institutional investors own 91.66% of the company’s stock.

Noble Corporation Company Profile

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.

5 Day Chart for NYSE:NE

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