Noble Corporation (NYSE:NE) Given Daily Media Sentiment Rating of

Xavier Trudeau
Juillet 2, 2017

Noble Corporation has a 12-month low of $3.50 and a 12-month high of $9.61. The oil and gas company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.19) by $0.02. Nomura upgraded shares of Noble Corporation from a "reduce" rating to a "neutral" rating and set a $5.00 price objective on the stock in a research report on Thursday, May 18th. Guggenheim Capital LLC now owns 1,414,871 shares of the oil and gas company's stock valued at $8,376,000 after buying an additional 745,858 shares in the last quarter.

Company earnings results have the capability of triggering near-term stock movements whether results hit or miss expectations. During the same quarter in the previous year, the business earned $0.31 earnings per share. Louisiana State Employees Retirement System raised its position in Noble Corporation by 2.8% in the first quarter. For the current year the company's revenue estimates are $1.18 Billion compared to low analyst estimates of $1.12 Billion and high estimates of $1.32 Billion according to the prediction of 28 analysts. Jefferies Group LLC reiterated a "buy" rating on shares of Noble Corporation in a research report on Friday, April 14th. Instinet upgraded Noble Corporation from a "reduce" rating to a "neutral" rating and lifted their target price for the stock from $4.35 to $5.00 in a research report on Thursday, May 18th.

Noble Corporation (NYSE NE) traded down 4.23% during mid-day trading on Friday, reaching $3.62.

Shares of Noble Corporation (NYSE NE) opened at 3.72 on Wednesday. We in no way are suggesting that readers make any decision on Noble Corporation (NYSE:NE) based on the information in this report. Finally, Credit Suisse AG increased its position in shares of Noble Corporation by 326.2% in the first quarter. Tiedemann Wealth Management LLC boosted its stake in Noble Corporation by 41.6% in the first quarter. On average, equities analysts expect that Noble Corporation will post ($1.22) earnings per share for the current fiscal year. The firm has a 50 day moving average price of $4.28 and a 200-day moving average price of $5.89. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock.

On the other hand the company has Relative Strength Index (RSI 14) of 44.14 along with Average True Range (ATR 14) of 0.25, Consequently Noble Corp (NYSE:NE)'s weekly and monthly volatility is 6.88%, 6.80% respectively. Finally, Verde Servicos Internacionais S.A. bought a new stake in Noble Corporation during the first quarter valued at approximately $129,000. Noble Corporation had a negative return on equity of 1.69% and a negative net margin of 65.11%.

While considering growth estimates of the company, it has next quarter growth estimates of -60.9% whereas during current quarter it has -3500% estimations over growth, comparing to the estimations of -2340% during current year and -12.3% for next year. Retirement Systems of Alabama now owns 315,881 shares of the oil and gas company's stock valued at $1,955,000 after buying an additional 1,781 shares during the last quarter. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. On average, equities analysts anticipate that Noble Corporation will post ($1.22) earnings per share for the current year.

Noble Corporation plc was covered by a number of analysts recently, 2 rated the stock as Buy, 17 rated Hold, 3 rated sell and 5 gave an Underperform.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Markets Daily and is the sole property of of Markets Daily. 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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