Stock Traders Purchase Large Volume of Noble Co. New Common Stock – Switzerland Put Options (NE)
Shares of Noble Co. New Common Stock – Switzerland (NYSE:NE) saw some unusual options trading on Friday. Stock investors bought 7,117 put options on the stock, Analyst RN reports. This is an increase of 198% compared to the average volume of 2,390 put options.
A number of analysts have recently weighed in on NE shares. Analysts at TheStreet upgraded shares of Noble Co. New Common Stock – Switzerland to a “buy” rating in a research note on Monday, June 23rd. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Noble Co. New Common Stock – Switzerland currently has a consensus rating of “Hold” and an average price target of $39.07.
Shares of Noble Co. New Common Stock – Switzerland (NYSE:NE) traded down 0.75% during mid-day trading on Friday, hitting $31.76. The stock had a trading volume of 2,722,836 shares. Noble Co. New Common Stock – Switzerland has a 1-year low of $28.67 and a 1-year high of $41.60. The stock has a 50-day moving average of $32.40 and a 200-day moving average of $32.11. The company has a market cap of $8.074 billion and a P/E ratio of 9.26.
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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts predict that Noble Co. New Common Stock – Switzerland will post $3.44 earnings per share 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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