Noble Co. Ordinary Shares (UK) Receives Average Recommendation of “Hold” from Brokerages (NYSE:NE)
Shares of Noble Co. Ordinary Shares (UK) (NYSE:NE) have received a consensus recommendation of “Hold” from the twenty-five analysts that are covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.94.
Noble Co. Ordinary Shares (NYSE:NE) opened at 27.94 on Monday. Noble Co. Ordinary Shares has a 52-week low of $25.0612 and a 52-week high of $35.542. The stock has a 50-day moving average of $27.7 and a 200-day moving average of $27.50. The company has a market cap of $7.104 billion and a P/E ratio of 7.63.
Noble Co. Ordinary Shares (UK) (NYSE:NE) last announced its earnings results on Wednesday, July 30th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters 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 $3.07 earnings per share for the current fiscal year.
NE has been the subject of a number of recent research reports. 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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