Revenue Forecast of Noble Corporation plc (NE)



Tracking most recent quarter period, Price to book (P/B) ration is at 0.76 and Price to cash per share ration is at 2.62. The oil and gas company reported ($0.15) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.22) by $0.07. BlackRock Fund Advisors boosted its stake in shares of Noble by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 13,110,441 shares of the oil and gas company's stock worth $77,616,000 after buying an additional 2,434,327 shares in the last quarter. BlackRock Investment Management LLC now owns 724,904 shares of the oil and gas company's stock valued at $4,596,000 after buying an additional 5,662 shares during the period. Finally, Speece Thorson Capital Group Inc. raised its position in shares of Noble by 1.0% in the third quarter.

Petrobras (PBR) stock price escalated 2.22% to finalize at $9.21 throughout previous buying and selling session.

Noble (NYSE:NE) traded down 0.38% during mid-day trading on Thursday, reaching $5.29. A total of 20.14 million shares exchanged at hands and its average trading volume is standing at 20.73 million shares. Noble Co. The stock's 50 day moving average is $5.85 and its 200-day moving average is $6.24. The stock's market cap is $1.21 billion. Noble has a 52-week low of $4.45 and a 52-week high of $12.19.

Noble (NYSE:NE) last issued its earnings results on Thursday, February 9th. A beta of less than 1 means that the security will be less volatile than the market. The analysts estimated sales for the higher end at 325 million and lower end at 263 million while the year ago reported sale was 472.58 million. Mraz Amerine & Associates Inc. now owns 38,573 shares of the oil and gas company's stock valued at $245,000 after buying an additional 498 shares during the period.

Now the shares of Noble Corporation plc (NE) has a trading volume of 8.3 Million shares, with an average trading volume of 14150 shares - with shares dropping to a 52 week low of $4.45, and the company's shares hitting a 52 week high of $ 12.14.

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Several equities research analysts have commented on the stock. BMO Capital Markets set a $5.00 target price on Noble and gave the stock a "sell" rating in a research report on Thursday, January 12th. Finally, Credit Suisse Group AG restated an "outperform" rating and set a $10.00 price target (up from $7.00) on shares of Noble in a research note on Friday, February 3rd. TheStreet cut shares of Noble from a "c-" rating to a "d" rating in a research report on Tuesday, February 14th. Citigroup Inc raised shares of Noble from a "neutral" rating to a "buy" rating in a research report on Saturday, January 21st.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Noble Corporation plc the EPS stands at -0.15 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.22, suggesting the stock exceeded the analysts' expectations. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. (OCLR) to Hold with no specific Price Target.

Noble Corporation plc (NE) will report its next earnings on May 04 AMC. It owns and operates a fleet of mobile offshore drilling units.