Noble Corp. (NE) Shares Down 3.2%
Noble Corp. (NYSE:NE) traded down 3.2% on Tuesday . The stock traded as low as $7.16 and last traded at $7.21, with a volume of 4,119,454 shares traded. The stock had previously closed at $7.45.
Several equities research analysts recently weighed in on the stock. Jefferies Group restated a “hold” rating on shares of Noble Corp. in a research report on Sunday, July 10th. Zephirin Group restated a “hold” rating and issued a $16.00 price target (up previously from $11.00) on shares of Noble Corp. in a research report on Thursday, May 5th. Barclays PLC restated an “underweight” rating and issued a $6.00 price target on shares of Noble Corp. in a research report on Monday, April 18th. TheStreet upgraded shares of Noble Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, Evercore ISI restated a “buy” rating and issued a $11.00 price target on shares of Noble Corp. in a research report on Friday, May 13th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $9.71.
The firm has a 50-day moving average of $7.93 and a 200 day moving average of $9.07. The firm has a market cap of $1.66 billion and a P/E ratio of 2.850.
Noble Corp. (NYSE:NE) last posted its earnings results on Wednesday, July 27th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate 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 business’s quarterly revenue was down 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Analysts expect that Noble Corp. will post $0.06 earnings per share for the current 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 dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.08 dividend on an annualized basis and a yield of 1.18%.
An institutional investor recently raised its position in Noble Corp. stock. BNP Paribas Arbitrage SA boosted its position in Noble Corp. (NYSE:NE) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,089 shares of the company’s stock after buying an additional 12,055 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Noble Corp. worth $1,900,000 at the end of the most recent reporting period.
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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