Shares of Noble Corporation (NYSE:NE) traded up 0.76% during mid-day trading on Thursday, hitting $6.63. 13,957,298 shares of the stock traded hands. The stock has a 50-day moving average of $6.90 and a 200-day moving average of $6.25. Noble Corporation has a 52 week low of $4.45 and a 52 week high of $13.90. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 7.68 and a beta of 2.16.
Noble Corporation (NYSE:NE) announced its quarterly earnings data on Thursday. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.07. The firm earned $410 million during the quarter, compared to the consensus estimate of $399.02 million. Noble Corporation had a net margin of 7.90% and a return on equity of 2.14%. The firm’s revenue was down 52.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share.
A number of equities research analysts recently commented on NE shares. Zacks Investment Research upgraded shares of Noble Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. J P Morgan Chase & Co reiterated a “sell” rating on shares of Noble Corporation in a research report on Friday, November 4th. Nomura reiterated a “sell” rating and set a $4.00 price target on shares of Noble Corporation in a research report on Friday, November 4th. BMO Capital Markets reiterated a “sell” rating on shares of Noble Corporation in a research report on Tuesday, November 8th. Finally, Bank of America Corporation downgraded shares of Noble Corporation from a “neutral” rating to an “underperform” rating and set a $5.00 price target for the company. in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.89.
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.