Today’s Stock Alert: What’s Noble Corporation Ordinary Shares (UK) Upside After Today’s Huge Increase?

Today's Stock Alert: What's Noble Corporation Ordinary Shares (UK) Upside After Today's Huge Increase?

The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) is a huge mover today! About 7.13M shares traded hands. Noble Corporation Ordinary Shares (UK) (NYSE:NE) has declined 35.95% since March 2, 2016 and is downtrending. It has underperformed by 44.21% the S&P500.
The move comes after 6 months positive chart setup for the $1.45 billion company. It was reported on Oct, 5 by Barchart.com. We have $9.27 PT which if reached, will make NYSE:NE worth $739.50 million more.

Analysts await Noble Corporation Ordinary Shares (UK) (NYSE:NE) to report earnings on October, 26. They expect $-0.13 EPS, down 118.06% or $0.85 from last year’s $0.72 per share. After $0.01 actual EPS reported by Noble Corporation Ordinary Shares (UK) for the previous quarter, Wall Street now forecasts -1,400.00% negative EPS growth.

Noble Corporation Ordinary Shares (UK) (NYSE:NE) Ratings Coverage

Out of 22 analysts covering Noble Corp PLC (NYSE:NE), 5 rate it a “Buy”, 5 “Sell”, while 12 “Hold”. This means 23% are positive. Noble Corp PLC has been the topic of 45 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Monday, March 7 the stock rating was downgraded by Stephens to “Equal-Weight”. The rating was downgraded by Simmons & Co on Friday, March 11 to “Underweight”. As per Thursday, September 3, the company rating was maintained by Credit Suisse. The firm has “Neutral” rating by Citigroup given on Tuesday, October 20. The rating was maintained by Barclays Capital on Monday, March 28 with “Underweight”. The rating was upgraded by Global Hunter Securities on Friday, August 21 to “Buy”. The stock has “Buy” rating given by Guggenheim on Monday, November 30. Susquehanna downgraded it to “Neutral” rating and $11 target price in Tuesday, March 15 report. Goldman Sachs downgraded the shares of NE in a report on Friday, March 11 to “Sell” rating. Cowen & Co downgraded it to “Market Perform” rating and $10 target price in Monday, January 11 report.

According to Zacks Investment Research, “Noble Corporation PLC is an offshore drilling contractor for the oil and gas industry. The company offers services for drilling and work over activities and undertakes refurbishment projects for rigs. It provides services primarily in the U.S. Gulf of Mexico and Alaska, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Malaysia and Australia. Noble Corporation PLC, formerly known as Noble Corp., is based in London, United Kingdom.”

Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.12, from 0.96 in 2016Q1. The ratio improved, as 39 funds sold all Noble Corporation Ordinary Shares (UK) shares owned while 103 reduced positions. 36 funds bought stakes while 117 increased positions. They now own 211.70 million shares or 16.81% less from 254.48 million shares in 2016Q1.
Amp Cap Investors Limited accumulated 36,200 shares or 0% of the stock. Meeder Asset Mgmt has 0.06% invested in the company for 77,319 shares. Huntington Financial Bank holds 0.01% or 18,383 shares in its portfolio. Manufacturers Life Company The, a Ontario – Canada-based fund reported 321,642 shares. Canandaigua Commercial Bank & holds 0.04% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 15,430 shares. Moreover, Luminus Mngmt Ltd Company has 0.01% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 26,400 shares. Hancock Hldg has 0.02% invested in the company for 33,689 shares. Alliancebernstein Ltd Partnership has 174,493 shares for 0% of their US portfolio. Carroll Financial holds 0% or 250 shares in its portfolio. The Illinois-based Rothschild Investment Corporation Il has invested 0.01% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Moreover, Cornerstone Capital Mngmt Hldgs Limited Company has 0.04% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 659,973 shares. National Bank & Trust Of New York Mellon Corp has invested 0.01% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Deutsche National Bank Ag has invested 0.01% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Ubs Oconnor Limited Liability Corporation last reported 0% of its portfolio in the stock. Moreover, Apg Asset Nv has 0.03% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 2.16M shares.

Another recent and important Noble Corporation Ordinary Shares (UK) (NYSE:NE) news was published by Investorplace.com which published an article titled: “Trade of the Day: Noble Corporation Ordinary Shares (UK) (NYSE:NE)” on April 12, 2016.

NE Company Profile

Noble Corporation plc, incorporated on January 10, 2013, is an offshore drilling contractor for the gas and oil industry. The Company’s segment is contract drilling services. The Firm performs contract drilling services with its fleet of mobile offshore drilling units. The Company’s fleet of approximately 30 drilling rigs consisted of 14 jackups, eight drillships and eight semisubmersibles, including one high-specification, harsh environment jackup under construction. The Firm conducts offshore contract drilling activities in the United States, Brazil, Argentina, the North Sea, the Mediterranean, West Africa, the Middle East, Asia and Australia.

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