Noble Corp (NYSE:NE) shares traded -4.5% down during most recent session to reach at the closing price of $3.61. The stock exchanged hands 11.89 Million shares versus average trading capacity of 12.15 Million shares, yielding a market cap of $897.41 Million. Wall Street analysts covering the stock are projecting that the stock will reach $5.96 within the next 52-weeks. The mean target projections are based on 30 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Noble Corp (NYSE:NE) high price target of $10 and with a conservative view have low price target of $3.
Nomura “Upgrades” Noble Corp (NYSE:NE) in a research note issued to investors on 5/18/17 to Neutral with price target of $0.
Additionally on 4/28/17 Fearnleys “Upgrades” Noble Corp (NYSE:NE) to Buy setting price target at $0 and on 2/14/17 Societe Generale “Upgrades” the stock to Buy at $0. Furthermore on 2/02/17 Morgan Stanley “Upgrades” the stock to Equal-Weight at $8.
On the other hand the company has Relative Strength Index (RSI 14) of 31.82 along with Average True Range (ATR 14) of 0.26, Consequently Noble Corp (NYSE:NE)’s weekly and monthly volatility is 5.82%, 6.42% respectively. The company’s beta value is at 2.08.
In terms of Buy, Sell or Hold recommendations, Noble Corp (NYSE:NE) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Noble Corp (NYSE:NE)’s minimum EPS for the current quarter is at $-0.56 and can go high up to $-0.24. The consensus mean EPS for the current quarter is at $-0.34 derived from a total of 30 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.01 earnings per share for the same quarter during last year.
Previously Noble Corp (NYSE:NE) reported $-0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.19 by $0.02. The company posted an earnings surprise of 10.5%.
While considering growth estimates of the company, it has next quarter growth estimates of -60.9% whereas during current quarter it has -3500% estimations over growth, comparing to the estimations of -2320% during current year and -13.2% for next year. Past 5 years growth of Noble Corp (NYSE:NE) observed at -25.64%, looking forward for the next 5 years it has a strong prediction of -73.4% over growth.
Noble Corp (NYSE:NE)’s revenue estimates for the current quarter are $283.81 Million according to 22 number of analysts, for the current quarter the company has high revenue estimates of $333.1 Million in contradiction of low revenue estimates of $261 Million. For the current year the company’s revenue estimates are $1.18 Billion compared to low analyst estimates of $1.12 Billion and high estimates of $1.32 Billion according to 28 number of analysts.
Currently Noble Corp (NYSE:NE)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -0.06%, as well as three-month change in the institutional ownership was recorded 0.88%.
Noble Corp (NYSE:NE) 52-week high price stands at $9.68 and low price stands at $3.65, its price distance from 52-week high is -62.71% while its distance from 52-week low price is -1.1%. The stock hit its 52-week high on 06/22/16, and 52-week low on 06/20/17.
Noble Corp (NYSE:NE)’s trailing twelve month revenues are $2.05 Billion, whereas its price to sales ratio for the same period is 0.44. Its book value per share for the most recent quarter is $22.36 while its price to book ratio for the same period is 0.16, as for as the company’s cash per share for the most recent quarter is $2.09, however its price to cash per share ratio for the same period is 1.73. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.