Stock Worth Mentioning Today: What’s Next for Noble Corporation Ordinary Shares (UK) After Today’s Big Decline?

Stock Worth Mentioning Today: What's Next for Noble Corporation Ordinary Shares (UK) After Today's Big Decline?

The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) is a huge mover today! About 2.90M shares traded hands. Noble Corporation Ordinary Shares (UK) (NYSE:NE) has declined 52.24% since March 4, 2016 and is downtrending. It has underperformed by 60.28% the S&P500.
The move comes after 6 months negative chart setup for the $1.53 billion company. It was reported on Oct, 7 by Barchart.com. We have $5.70 PT which if reached, will make NYSE:NE worth $107.10 million less.

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 23 analysts covering Noble Corp PLC (NYSE:NE), 5 rate it a “Buy”, 5 “Sell”, while 13 “Hold”. This means 22% are positive. Noble Corp PLC has been the topic of 46 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of NE in a report on Wednesday, March 16 with “Neutral” rating. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) has “Sector Outperform” rating given on Friday, July 31 by Howard Weil. The firm has “Buy” rating by Guggenheim given on Monday, November 30. The rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, September 21. The company was downgraded on Friday, March 11 by Goldman Sachs. Global Hunter Securities upgraded the shares of NE in a report on Friday, August 21 to “Buy” rating. As per Tuesday, August 16, the company rating was upgraded by Bank of America. The firm has “Sector Outperform” rating given on Friday, February 5 by Howard Weil. The firm has “Sell” rating given on Wednesday, August 10 by Argus Research. iBERIA Capital Partners maintained Noble Corporation Ordinary Shares (UK) (NYSE:NE) rating on Monday, March 14. iBERIA Capital Partners has “Outperform” rating and $12.50 price target.

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 is positive, 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.
Moreover, Janus Capital Mngmt Limited Liability Co has 0% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 278,300 shares. Baldwin Brothers Ma holds 0% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 1,500 shares. Credit Suisse Ag reported 680,964 shares or 0.01% of all its holdings. Ubs Oconnor Limited Liability Corp has invested 0% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Opportunities Cap Mngmt Ltd has 233,748 shares for 0.58% of their US portfolio. The Michigan-based State Treasurer State Of Michigan has invested 0.01% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Ngam Limited Partnership holds 41,803 shares or 0% of its portfolio. The Florida-based Raymond James has invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Retail Bank Of New York Mellon holds 0.01% or 4.24 million shares in its portfolio. City Hldgs Company accumulated 100 shares or 0% of the stock. Price T Rowe Assocs Inc Md has 89,118 shares for 0% of their US portfolio. California State Teachers Retirement holds 526,362 shares or 0.01% of its portfolio. Hexavest last reported 6,502 shares in the company. Renaissance Tech Limited Liability Corp accumulated 887,000 shares or 0.01% of the stock. Mutual Of America Management Ltd Liability Corp owns 175,485 shares or 0.03% of their US portfolio.

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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