Analysts Recommendations Noble Corporation plc (NE)

Claudine Rigal
Juillet 6, 2017

Noble Corporation plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director RICCIARDELLO MARY P has sold 1,663 shares of Noble Corporation plc (NE) in trading session dated December 23, 2016. Advantus Capital Management Inc now owns 31,328 shares of the oil and gas company's stock worth $194,000 after buying an additional 1,098 shares in the last quarter. State Board of Administration of Florida Retirement System's holdings in Noble Corporation were worth $720,000 as of its most recent SEC filing. It turned negative, as 51 investors sold NE shares while 107 reduced holdings.

Previously Noble Corp (NYSE:NE) reported $-0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.19 by $0.02. Verde Servicos Internacionais S.A. bought a new position in Noble Corporation during the first quarter valued at $129,000. Finally, Fiera Capital Corp boosted its stake in shares of Noble Corporation by 16.8% in the fourth quarter. Creative Planning now owns 52,161 shares of the oil and gas company's stock valued at $323,000 after buying an additional 14,758 shares during the period. UBS Asset Management Americas Inc. increased its position in Noble Corporation by 11.3% in the fourth quarter. The firm owned 116,380 shares of the oil and gas company's stock at the end of the first quarter.

Institutional investors now hold around $869 million or 0% in NE stock.

Noble Corporation (NYSE:NE) opened at 3.91 on Friday. The firm's 50-day moving average price is $4.09 and its 200 day moving average price is $5.75. Blackrock Inc. owns $85.24 million in Noble Corporation plc, which represents roughly 8.53% of the company's market cap and approximately 9.81% of the institutional ownership. Enterprise Fincl Ser holds 0% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 600 shares.

Price/Earnings to growth ratio for the company is 0.04 and the stock shows its Price/Sales (ttm) of 0.44 and Price/Book for the most recent quarter of 0.16. Noble Corporation had a negative return on equity of 1.69% and a negative net margin of 65.11%.

So the company beats the analysts estimate by $0.02/share showing a surprise of 10.5%. During the same quarter in the previous year, the company posted $0.31 earnings per share.

Currently Noble Corp (NYSE:NE)'s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 0%. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

COPYRIGHT VIOLATION NOTICE: "Ameriprise Financial Inc".

Noble Corp (NYSE:NE)'s trailing twelve month revenues are $2.05 Billion, whereas its price to sales ratio for the same period is 0.49. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. The original version of this piece can be accessed at https://transcriptdaily.com/2017/07/05/noble-corporation-ne-downgraded-by-bank-of-america-corporation.html.

Several equities research analysts have weighed in on the stock. Seaport Global Securities now has a "Neutral" rating and a $3.50 price target on the stock. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) has "Buy" rating given on Friday, January 8 by Societe Generale. Tudor Pickering assumed coverage on shares of Noble Corporation in a research note on Thursday, March 23rd. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. Scotiabank restated a "hold" rating and issued a $8.00 price objective on shares of Noble Corporation in a research report on Wednesday, March 22nd. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Analysts reported that the Price Target for Noble Corporation plc might touch $10 high while the Average Price Target and Low price Target is $5.44 and $2 respectively.

Noble Corp plc (NYSE:NE) has awarded AFGlobal a contract for the provision of an integrated deepwater managed pressure drilling (MPD) system.

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