Noble Corp. (NE) Shares Up 4.1%
Noble Corp. (NYSE:NE) shot up 4.1% during trading on Friday . The company traded as high as $5.94 and last traded at $5.90, with a volume of 3,371,927 shares trading hands. The stock had previously closed at $5.67.
A number of brokerages have commented on NE. Zephirin Group reiterated a “hold” rating and set a $16.00 target price (up previously from $11.00) on shares of Noble Corp. in a report on Thursday, May 5th. Vetr upgraded Noble Corp. from a “hold” rating to a “buy” rating and set a $9.76 target price on the stock in a report on Monday, June 13th. Simmons reiterated an “underweight” rating and set a $4.70 target price (down previously from $6.00) on shares of Noble Corp. in a report on Friday, May 13th. Evercore ISI reiterated a “buy” rating and set a $11.00 target price on shares of Noble Corp. in a report on Friday, May 13th. Finally, Zacks Investment Research cut Noble Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.37.
The stock has a 50 day moving average price of $6.96 and a 200 day moving average price of $8.93. The firm has a market cap of $1.42 billion and a price-to-earnings ratio of 2.42.
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 in the prior year, the company posted $0.64 EPS. The firm had revenue of $894.70 million for the quarter, compared to analyst estimates of $527.48 million. The firm’s quarterly revenue was down 37.2% compared to the same quarter last year. On average, equities research analysts predict that Noble Corp. will post ($0.05) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Monday, August 1st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend 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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