Worth Watching: What’s Propelling Noble Corporation Ordinary Shares (UK) to Increase So Much?

Worth Watching: What's Propelling Noble Corporation Ordinary Shares (UK) to Increase So Much?

The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) is a huge mover today! About 5.73 million shares traded hands. Noble Corporation Ordinary Shares (UK) (NYSE:NE) has declined 51.71% since April 13, 2016 and is downtrending. It has underperformed by 55.63% the S&P500.
The move comes after 9 months positive chart setup for the $1.27 billion company. It was reported on Nov, 15 by Barchart.com. We have $7.25 PT which if reached, will make NYSE:NE worth $419.10 million more.

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. On Monday, April 4 the stock rating was maintained by Jefferies with “Hold”. The firm has “Sector Perform” rating by Howard Weil given on Wednesday, September 14. Argus Research maintained Noble Corporation Ordinary Shares (UK) (NYSE:NE) rating on Wednesday, September 23. Argus Research has “Buy” rating and $20.0 price target. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) earned “Neutral” rating by Goldman Sachs on Wednesday, September 21. The firm has “Neutral” rating given on Wednesday, March 16 by Citigroup. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) earned “Buy” rating by Guggenheim on Monday, November 30. Goldman Sachs downgraded the shares of NE in a report on Friday, March 11 to “Sell” rating. The firm earned “Neutral” rating on Thursday, August 25 by Citigroup. Stephens downgraded the stock to “Equal-Weight” rating in Monday, March 7 report. Societe Generale upgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) on Tuesday, January 19 to “Buy” rating.

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 Q2 2016. 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.
Blackrock Inv Mgmt Ltd Liability Co accumulated 719,242 shares or 0.01% of the stock. Moreover, Brave Asset Mgmt has 0.19% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 33,571 shares. Oxford Asset has invested 0.46% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Cornerstone Investment Partners last reported 69,340 shares in the company. Janus Cap Mgmt Ltd Llc, a Colorado-based fund reported 278,300 shares. The Massachusetts-based Grantham Mayo Van Otterloo Lc has invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Ubs Oconnor Ltd Liability Corp holds 296,088 shares or 0% of its portfolio. Raymond James Assoc has invested 0% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE). The Texas-based Energ Opportunities Capital Mngmt Ltd Liability Company has invested 0.58% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Bridgewater Limited Partnership holds 0.23% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 2.25M shares. Commonwealth Retail Bank Of last reported 332,659 shares in the company. Blackrock Lc owns 138,150 shares or 0% of their US portfolio. Hbk L P last reported 475,792 shares in the company. Asset holds 0.01% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 55,050 shares. Teacher Retirement Sys Of Texas, a Texas-based fund reported 33,807 shares.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment