Noble Co. Ordinary Shares (UK) Receives Consensus Recommendation of “Hold” from Analysts (NYSE:NE)
Noble Co. Ordinary Shares (UK) (NYSE:NE) has earned a consensus rating of “Hold” from the twenty-five brokerages that are currently covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.94.
Shares of Noble Co. Ordinary Shares (NYSE:NE) traded down 0.18% during mid-day trading on Monday, hitting $27.63. The stock had a trading volume of 613,055 shares. Noble Co. Ordinary Shares has a one year low of $25.0612 and a one year high of $35.542. The stock has a 50-day moving average of $27.75 and a 200-day moving average of $27.47. The company has a market cap of $7.025 billion and a price-to-earnings ratio of 7.53.
Noble Co. Ordinary Shares (UK) (NYSE:NE) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.25. The company had revenue of $1.20 million for the quarter, compared to the consensus estimate of $1.19 million. On average, analysts predict that Noble Co. Ordinary Shares will post $3.08 earnings per share for the current fiscal year.
A number of research firms have recently commented on NE. Analysts at Cowen and Company cut their price target on shares of Noble Co. Ordinary Shares (UK) from $37.00 to $33.00 in a research note on Friday, August 15th. Separately, analysts at Argus cut their price target on shares of Noble Co. Ordinary Shares (UK) from $45.00 to $37.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Noble Co. Ordinary Shares (UK) in a research note on Monday, August 4th. They now have a $33.00 price target on the stock.
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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