Analyst Research

Stock Buzz: Noble Corporation Ordinary Shares (UK) (NYSE:NE)

Noble Corporation Ordinary Shares (UK) (NYSE:NE) received “Upgrade” rating by Societe Generale in a research note issued to investors on Feb-14-17 from Hold to Buy.

Additionally on Feb-02-17 the stock was “Upgraded” by Morgan Stanley from Underweight to Equal-Weight and on Jan-30-17 the stock was “Upgraded” by Jefferies from Hold to Buy. Furthermore on Jan-25-17 the stock was “Upgraded” by Piper Jaffray from Underweight to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 32.13 along with Average True Range (ATR 14) of 0.29, Consequently Noble Corporation Ordinary Shares (UK) (NYSE:NE)’s weekly and monthly volatility is 5.59%, 4.76% respectively. The company’s beta value is at 2.10.

In terms of Buy, Sell or Hold recommendations, Noble Corporation Ordinary Shares (UK) (NYSE:NE) has an analyst’s mean recommendation of 3.00. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Noble Corporation Ordinary Shares (UK) (NYSE:NE) shares traded -1.64% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $7.32 within the next 52-weeks. The mean target projections are based on 31 opinions, the mean target was last revised on 04/13/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $11.00 and with a conservative view have low price target of $3.00 with a standard deviation of $ 1.33. If seeing target price from optimistic overview then it has a 104 percent upside potential from the latest closing price of $5.40.

While considering growth estimates of the company, it has next quarter growth estimates of -3,400.00% whereas during current quarter it has -174.20% estimations over growth, comparing to the estimations of -2,520.00% during current year and -2.30% for next year. Past 5 years growth of Noble Corporation Ordinary Shares (UK) (NYSE:NE) observed at -22.41%, looking forward for the next 5 years it has a strong prediction of -73.40% over growth.

Noble Corporation Ordinary Shares (UK) (NYSE:NE)’s revenue estimates for the current quarter are $363.87M according to 23 number of analysts, for the current quarter the company has high revenue estimates of $396.83M in contradiction of low revenue estimates of $332M. For the current year the company’s revenue estimates are $1.21B compared to low analyst estimates of $1.08B and high estimates of $1.4B according 32 number of analysts.

Noble Corporation Ordinary Shares (UK) (NYSE:NE)’s trailing twelve month revenues are $2.30B, whereas its price to sales ratio for the same period is 0.57. Its book value per share for the most recent quarter is $23.67 while its price to book ratio for the same period is 0.23, as for as the company’s cash per share for the most recent quarter is $2.97, however its price to cash per share ratio for the same period is 1.82.

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