Shares of Noble Co. PLC (NYSE:NE) gapped down prior to trading on Friday . The stock had previously closed at $5.49, but opened at $5.32. Noble shares last traded at $5.00, with a volume of 8225449 shares traded.

Several analysts have commented on NE shares. Seaport Global Securities set a $5.00 target price on shares of Noble and gave the stock a “hold” rating in a research note on Monday, August 6th. Simmons raised shares of Noble from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $3.25 to $6.00 in a research note on Monday, October 1st. Cowen started coverage on shares of Noble in a research note on Saturday, October 13th. They issued a “hold” rating and a $6.00 target price for the company. Morgan Stanley started coverage on shares of Noble in a research note on Tuesday, September 18th. They issued an “underweight” rating and a $6.00 target price for the company. Finally, Nordea Equity Research raised shares of Noble from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.24.

The company has a market cap of $1.23 billion, a PE ratio of -4.39 and a beta of 2.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.07 and a current ratio of 2.07.

Noble (NYSE:NE) last announced its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.02). Noble had a negative net margin of 81.87% and a negative return on equity of 7.44%. The company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.02 million. During the same period in the prior year, the firm earned ($0.32) earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts anticipate that Noble Co. PLC will post -1.92 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Welch & Forbes LLC acquired a new position in shares of Noble during the 3rd quarter valued at $115,000. GSA Capital Partners LLP lifted its holdings in shares of Noble by 72.9% during the 1st quarter. GSA Capital Partners LLP now owns 57,743 shares of the oil and gas company’s stock valued at $214,000 after acquiring an additional 24,349 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Noble during the 2nd quarter valued at $229,000. Laurion Capital Management LP acquired a new position in shares of Noble during the 2nd quarter valued at $284,000. Finally, LMR Partners LLP acquired a new position in shares of Noble during the 2nd quarter valued at $317,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Noble Company Profile (NYSE:NE)

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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