Noble Corporation (NYSE:NE) has been given a consensus recommendation of “Hold” by the thirty-two analysts that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.56.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “sell” rating and set a $5.00 price objective on shares of Noble Corporation in a research note on Thursday, July 20th. UBS AG upgraded Noble Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $6.00 in a research note on Monday, September 25th. Zacks Investment Research upgraded Noble Corporation from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Wednesday. Deutsche Bank AG assumed coverage on Noble Corporation in a research note on Tuesday, October 10th. They set a “hold” rating and a $4.00 price objective for the company. Finally, ValuEngine downgraded Noble Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

Noble Corporation (NE) traded down 4.06% during midday trading on Friday, reaching $3.78. 5,504,293 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $4.02 and its 200-day moving average price is $4.15. The stock’s market cap is $924.91 million. Noble Corporation has a one year low of $3.14 and a one year high of $8.37.

Noble Corporation (NYSE:NE) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.02. The company had revenue of $278.10 million during the quarter, compared to the consensus estimate of $284.99 million. Noble Corporation had a negative return on equity of 3.19% and a negative net margin of 122.04%. The firm’s revenue was down 68.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. Equities analysts predict that Noble Corporation will post ($1.24) earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its holdings in Noble Corporation by 16.8% during the 1st quarter. Teacher Retirement System of Texas now owns 19,601 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 2,816 shares during the period. HighTower Advisors LLC purchased a new stake in Noble Corporation during the 1st quarter valued at $139,000. Founders Capital Management raised its holdings in Noble Corporation by 95.9% during the 2nd quarter. Founders Capital Management now owns 30,270 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 14,820 shares during the period. Tudor Investment Corp ET AL raised its holdings in Noble Corporation by 126.1% during the 1st quarter. Tudor Investment Corp ET AL now owns 30,300 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 16,900 shares during the period. Finally, Advantus Capital Management Inc raised its holdings in Noble Corporation by 3.6% during the 1st quarter. Advantus Capital Management Inc now owns 31,328 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 1,098 shares during the period. Institutional investors own 95.45% of the company’s stock.

Noble Corporation Company Profile

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.

Analyst Recommendations for Noble Corporation (NYSE:NE)

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