Noble Co. New Common Stock – Switzerland Short Interest Up 22.3% in May (NE)
Noble Co. New Common Stock – Switzerland (NYSE:NE) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 15,867,640 shares, a growth of 22.3% from the April 30th total of 12,977,564 shares, Analyst RN reports. Currently, 6.3% of the company’s stock are sold short. Based on an average trading volume of 3,057,013 shares, the short-interest ratio is presently 5.2 days.
A number of analysts have recently weighed in on NE shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Noble Co. New Common Stock – Switzerland in a research note on Monday, May 19th. They now have a $31.00 price target on the stock, down previously from $33.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Noble Co. New Common Stock – Switzerland in a research note on Friday, May 2nd. They now have a $32.00 price target on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Noble Co. New Common Stock – Switzerland from an “accumulate” rating to a “neutral” rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. Noble Co. New Common Stock – Switzerland currently has an average rating of “Hold” and an average target price of $39.07.
Shares of Noble Co. New Common Stock – Switzerland (NYSE:NE) opened at 31.34 on Monday. Noble Co. New Common Stock – Switzerland has a 52-week low of $28.67 and a 52-week high of $41.60. The stock has a 50-day moving average of $30.76 and a 200-day moving average of $32.97. The company has a market cap of $7.968 billion and a price-to-earnings ratio of 9.05.
Noble Co. New Common Stock – Switzerland (NYSE:NE) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.30. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.59 earnings per share. Noble Co. New Common Stock – Switzerland’s revenue was up 24.2% compared to the same quarter last year. Analysts expect that Noble Co. New Common Stock – Switzerland will post $3.41 EPS for the current fiscal year.
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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