The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) is a huge mover today! The stock increased 3.85% or $0.22 on November 23, hitting $5.93. About 9.17 million shares traded hands. Noble Corporation Ordinary Shares (UK) (NYSE:NE) has declined 48.88% since April 22, 2016 and is downtrending. It has underperformed by 54.29% the S&P500.
The move comes after 5 months positive chart setup for the $1.39 billion company. It was reported on Nov, 24 by Barchart.com. We have $6.23 PT which if reached, will make NYSE:NE worth $69.50 million more.
Analysts await Noble Corporation Ordinary Shares (UK) (NYSE:NE) to report earnings on February, 1. They expect $-0.17 EPS, down 132.69% or $0.69 from last year’s $0.52 per share. After $-0.23 actual EPS reported by Noble Corporation Ordinary Shares (UK) for the previous quarter, Wall Street now forecasts -26.09% 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”, 6 “Sell”, while 12 “Hold”. This means 22% are positive. Noble Corp PLC has been the topic of 47 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by iBERIA Capital Partners given on Monday, March 14. The company was downgraded on Wednesday, August 10 by Argus Research. The firm has “Sector Outperform” rating by Howard Weil given on Friday, July 31. Credit Suisse maintained the stock with “Outperform” rating in Thursday, September 3 report. The firm earned “Buy” rating on Tuesday, January 19 by Societe Generale. The firm has “Hold” rating by Societe Generale given on Monday, October 3. The rating was downgraded by Argus Research to “Hold” on Friday, May 20. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) earned “Underweight” rating by Piper Jaffray on Friday, March 11. Seaport Global downgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) on Monday, March 14 to “Accumulate” rating. The firm earned “Sector Perform” rating on Friday, March 11 by RBC Capital Markets.
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 decreased to 0.85 in Q2 2016. Its down 0.23, from 1.08 in 2016Q1. The ratio fall, 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.
Indexiq holds 9,463 shares or 0% of its portfolio. Conning Inc accumulated 0.01% or 36,540 shares. Mcf Advsrs Ltd Limited Liability Company accumulated 300 shares or 0% of the stock. Verition Fund Ltd Llc holds 0.03% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 25,271 shares. Signaturefd Ltd Liability Company owns 668 shares or 0% of their US portfolio. Automobile Association, a Texas-based fund reported 37,130 shares. Moreover, Grantham Mayo Van Otterloo & Ltd has 0% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 110,000 shares. Alliancebernstein Limited Partnership accumulated 174,493 shares or 0% of the stock. Utah Retirement holds 44,102 shares or 0.01% of its portfolio. The New York-based Bluemountain Capital Mgmt Limited Liability has invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Flippin Bruce And Porter holds 112,422 shares or 0.27% of its portfolio. California Public Employees Retirement Sys last reported 1.05 million shares in the company. Jpmorgan Chase And owns 1.07 million shares or 0% of their US portfolio. Deere And has 15,154 shares for 0.01% of their US portfolio. Mraz Amerine And Assoc Inc accumulated 38,075 shares or 0.11% of the stock.
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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