Noble Corp (NYSE:NE) shares traded -3.07% down during most recent session to reach at the closing price of $5.69. The stock exchanged hands 3.95 Million shares versus average trading capacity of 5.75 Million shares, yielding a market cap of $1.4 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $4.8 within the next 52-weeks. The mean target projections are based on 26 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Noble Corp (NYSE:NE) high price target of $6.5 and with a conservative view have low price target of $2.5.
Bernstein “Upgrades” Noble Corp (NYSE:NE) in a research note issued to investors on 6/05/18 to Market Perform with price target of $0.
Additionally on 3/13/18 Argus “Upgrades” Noble Corp (NYSE:NE) to Buy and on 1/11/18 PiperJaffray “Downgrades” the stock to Underweight. Furthermore on 10/19/17 HSBC “Initiates Coverage On” the stock to Buy at $5.3.
On the other hand the company has Relative Strength Index (RSI 14) of 55.53 along with Average True Range (ATR 14) of 0.26, Consequently Noble Corp (NYSE:NE)’s weekly and monthly volatility is 3.52%, 4.39% respectively. The company’s beta value is at 2.19.
In terms of Buy, Sell or Hold recommendations, Noble Corp (NYSE:NE) has analysts’ mean recommendation of 3.1. 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 $-0.58 and can go high up to $-0.36. The consensus mean EPS for the current quarter is at $-0.46 derived from a total of 22 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.32 earnings per share for the same quarter during last year.
Previously Noble Corp (NYSE:NE) reported $-0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.57 by $0.02. The company posted an earnings surprise of 3.5%.
Noble Corp (NYSE:NE)’s revenue estimates for the current quarter are $258.98 Million according to 17 number of analysts, for the current quarter the company has high revenue estimates of $272 Million in contradiction of low revenue estimates of $249.24 Million. For the current year the company’s revenue estimates are $1.07 Billion compared to low analyst estimates of $977 Million and high estimates of $1.29 Billion according to 25 number of analysts.
Currently Noble Corp (NYSE:NE)’s shares owned by insiders are 1%, whereas shares owned by institutional owners are 90%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -1.63%.
Noble Corp (NYSE:NE)’s trailing twelve month revenues are $1.11 Billion, whereas its price to sales ratio for the same period is 1.26. Its book value per share for the most recent quarter is $20.26 while its price to book ratio for the same period is 0.28, as for as the company’s cash per share for the most recent quarter is $1.88, however its price to cash per share ratio for the same period is 3.03. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.