Noble Corp Upgraded by EVA Dimensions LLC to “Hold” (NE)
Noble Corp (NYSE:NE) was upgraded by equities research analysts at EVA Dimensions LLC from an “underweight” rating to a “hold” rating in a research note issued to investors on Thursday, AnalystRatingsNetwork reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Noble Corp to a “hold” rating in a research note on Tuesday, February 11th. Separately, analysts at Raymond James downgraded shares of Noble Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Noble Corp in a research note on Wednesday, January 29th. They now have a $34.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Noble Corp currently has an average rating of “Hold” and an average price target of $41.62.
Shares of Noble Corp (NYSE:NE) traded up 0.32% on Thursday, hitting $31.30. The stock had a trading volume of 966,944 shares. Noble Corp has a 1-year low of $30.04 and a 1-year high of $42.34. The stock’s 50-day moving average is $33.41 and its 200-day moving average is $37.0. The company has a market cap of $7.932 billion and a P/E ratio of 10.23.
Noble Corp (NYSE:NE) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.82 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.84 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.50 earnings per share. Noble Corp’s revenue was up 20.8% compared to the same quarter last year. Analysts expect that Noble Corp will post $3.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 20th. Investors of record on Monday, February 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Thursday, February 6th.
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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