Great West Life Assurance Co. Can boosted its stake in shares of Noble Corporation (NYSE:NE) by 7.6% during the first quarter, Holdings Channel reports. The institutional investor owned 208,997 shares of the oil and gas company’s stock after buying an additional 14,678 shares during the period. Great West Life Assurance Co. Can’s holdings in Noble Corporation were worth $1,291,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CAMG Solamere Management LLC purchased a new position in shares of Noble Corporation during the fourth quarter valued at approximately $102,000. Seven Eight Capital LP purchased a new position in shares of Noble Corporation during the fourth quarter valued at approximately $106,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Noble Corporation during the first quarter valued at approximately $129,000. Advantage Investment Management LLC purchased a new position in shares of Noble Corporation during the fourth quarter valued at approximately $130,000. Finally, Sciencast Management LP purchased a new position in shares of Noble Corporation during the fourth quarter valued at approximately $162,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

Shares of Noble Corporation (NE) opened at 3.89 on Monday. Noble Corporation has a 1-year low of $3.68 and a 1-year high of $9.68. The company’s market capitalization is $951.82 million. The firm’s 50 day moving average price is $4.49 and its 200-day moving average price is $6.00.

Noble Corporation (NYSE:NE) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. Noble Corporation had a negative return on equity of 1.69% and a negative net margin of 65.11%. The firm had revenue of $363 million during the quarter, compared to analysts’ expectations of $368.25 million. During the same period last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was down 40.7% compared to the same quarter last year. Analysts expect that Noble Corporation will post ($1.25) EPS for the current year.

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Several equities analysts have commented on the company. Nomura raised Noble Corporation from a “reduce” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Thursday, May 18th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Noble Corporation in a research report on Sunday, February 12th. Instinet raised Noble Corporation from a “reduce” rating to a “neutral” rating and raised their price objective for the company from $4.35 to $5.00 in a research report on Thursday, May 18th. Credit Suisse Group reissued a “buy” rating and set a $10.00 price objective on shares of Noble Corporation in a research report on Friday, April 21st. Finally, TheStreet lowered Noble Corporation from a “c-” rating to a “d” rating in a research report on Tuesday, February 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.16.

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.

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