Brokerage Overview of: Noble Corporation plc (NYSE:NE)

stock recommendation

Noble Corporation plc (NYSE:NE) belonging to the Oils-Energy sector has declined -0.41% and closed its last trading session at $7.3.

The company reported its EPS on 11/03/2016. Currently, the stock has a 1 Year Price Target of $6.17.

The consensus recommendation, according to Zacks Investment research, is 3.51. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 3.37 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3.37 and 3.25 respectively.

Noble Corporation plc on 11/03/2016 reported its EPS as $-0.23 with the analysts projecting the EPS of the stock as $-0.2. The company beat the analyst EPS Estimate with the difference of $-0.03. This shows a surprise factor of -15%.

Many analysts have provided their estimated foresights on Noble Corporation plc Earnings, with 35 analysts believing the company would generate an Average Estimate of $-0.2. Whereas they predicted High and Low Earnings Estimate as $-0.08 and $-0.38 respectively. While in the same Quarter Previous year, the Actual EPS was $0.52.

Analysts are also projecting an Average Revenue Estimate for Noble Corporation plc as $398.9 Million in the Current Quarter. This estimate is provided by 26 analysts. The High Revenue estimate is predicted as 429 Million, while the Low Revenue Estimate prediction stands at 369 Million. The company’s last year sales total was 712.68 Million.

For the Current Quarter, the growth estimate for Noble Corporation plc is -138.5%, while for the Next Quarter the stock growth estimate is -158.1%. In the past 5 years, the stock showed growth of -19.58% per annum. While for the next 5 years, the growth estimate is -73.4%.

The Company got Upgrade by Barclays on 9-Jan-17 from Underweight to Equal Weight.

Insider Trades for Noble Corporation plc show that the latest trade was made on 22 Dec 2016 where Ricciardello (Mary P), the Director completed a transaction type “Sell” in which 1663 shares were traded at a price of $6.16.

Over the period of 6 months, Insider Purchases show a total of 1 transaction in which 10000 shares were traded.

32 analysts projected Price Targets for Noble Corporation plc. The analysts believe that the company stock price could grow as high as $12.5. The Low Price target projection by analysts is $3 and the Mean Price Target is $6.17.

Noble Corporation plc (NYSE:NE) has the market capitalization of $1.78 Billion. The company rocked its 52-Week High of $13.9 on Mar 7, 2016 and touched its 52-Week Low of $4.45 on Nov 4, 2016. The stock has Return on Assets (ROA) of 1.7 percent. Return on Equity (ROE) stands at 3% and Return on Investment (ROI) of 6.8 percent.

The stock is currently showing YTD performance of 23.31 Percent. The company has Beta Value of 2.1 and ATR value of 0.46. The Weekly and Monthly Volatility stands at 6.32% and 6.65%.

Company profile:

Noble Corporation PLC is an offshore drilling contractor for the oil and gas industry. The company offers services for drilling and work over activities and undertakes refurbishment projects for rigs. It provides services primarily in the U.S. Gulf of Mexico and Alaska, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Malaysia and Australia. Noble Corporation PLC, formerly known as Noble Corp., is based in London, United Kingdom.