Published: Fri, May 19, 2017
Business | By Max Garcia

Comprehensive Stock Analysis Of Noble Corporation plc (NE)

The firm now has a "hold" rating on the oil and gas development company's stock. Scotiabank's price objective indicates a potential upside of 30.74% from the stock's current price.

NE has been the subject of several recent analyst reports. Analysts set a 12-month price target of $42.4 a share. The firm earned "Underperform" rating on Friday, December 16 by RBC Capital Markets. Price Target plays a critical role when it comes to the analysis of a Stock. Credit Suisse Group AG set a $10.00 target price on shares of Noble and gave the company a "buy" rating in a research note on Saturday, February 11th.

Noble Corporation plc (NE) stock price fell -49.67 percent over the past one year, while decreased -15.75 percent during the past 6 months. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell". Analysts reported that the Price Target for Noble Corporation plc might touch $11 high while the Average Price Target and Low price Target is $6.89 and $3 respectively. Moreover, Lord Abbett & Ltd Llc has 0% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 162,000 shares. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -5.02% where SMA50 and SMA200 are -16.91% and -24.72% respectively.

Market Capitalization can be thought of as the overall price to buy the company. While the company's share hit the 52 week high on 06/09/16 stationing the value of $9.70.

Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Monday, May 1st. The company reported the earnings of $-0.17/Share in the last quarter where the estimated EPS by analysts was $-0.19/share. According to these analysts, the Low Revenue Estimate for Noble Corporation plc is 261 Million and the High Revenue Estimate is 333.1 Million. The Price to Sales (P/S) ratio of the stock is 0.55, while P/B (Price to Book) stands at 0.21. The stock plunged -37.7 percent over the past quarter, while declined -7.28 percent over the past six months. Comparatively, NE posted earnings of $-0.08 per share in the same quarter, a year earlier.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. Noble Energy's payout ratio is -17.24%. Acorn Energy Inc (OTCMKTS:ACFN) has risen 6.00% since April 18, 2017 and is uptrending. BlackRock Fund Advisors now owns 9,737,179 shares of the oil and gas company's stock worth $61,734,000 after buying an additional 447,307 shares during the period. If you are reading this news story on another publication, it was copied illegally and republished in violation of global trademark & copyright legislation.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Following the completion of the sale, the director now directly owns 51,803 shares in the company, valued at $1,775,288.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock has "Mkt Perform" rating by Bernstein on Friday, December 2.

A number of large investors have recently bought and sold shares of the company. Engy Opportunities Management Llc owns 0.19% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 118,590 shares.

The counter witnessed a trading volume of 0.41 million shares versus an average volume of 0.25 million shares during last trading session. Nomura Asset Management Co. Ltd. increased its stake in Noble Energy by 2.8% in the third quarter. Norges Bank purchased a new position in shares of Noble during the fourth quarter worth about $20,417,000. BOKF NA increased its stake in Noble Energy by 22.4% in the third quarter. Fifth Third Bank invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Its last month's stock price volatility remained 6.09% which for the week approaches 4.07%. Finally, Dynamic Capital Management Ltd increased its position in shares of Noble by 10.9% in the third quarter. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition.

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