Noble Co. New Common Stock – Switzerland Rating Increased to Buy at TheStreet (NE)
A number of other analysts have also recently weighed in on NE. 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 analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Noble Co. New Common Stock – Switzerland has an average rating of “Hold” and a consensus price target of $39.07.
Noble Co. New Common Stock – Switzerland (NYSE:NE) traded up 0.06% on Monday, hitting $34.39. The stock had a trading volume of 2,021,276 shares. Noble Co. New Common Stock – Switzerland has a 52 week low of $28.67 and a 52 week high of $41.60. The stock’s 50-day moving average is $31.42 and its 200-day moving average is $32.56. The company has a market cap of $8.743 billion and a price-to-earnings ratio of 9.94.
Noble Co. New Common Stock – Switzerland (NYSE:NE) last released its earnings data 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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