Noble Corporation PLC (NYSE:NE - Get Free Report) SVP Jennie Howard sold 2,486 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $51.08, for a total value of $126,984.88. Following the completion of the sale, the senior vice president directly owned 15,676 shares in the company, valued at approximately $800,730.08. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Jennie Howard also recently made the following trade(s):
- On Friday, February 13th, Jennie Howard sold 6,094 shares of Noble stock. The shares were sold at an average price of $42.00, for a total value of $255,948.00.
Noble Trading Up 1.8%
Noble stock opened at $51.19 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.67. Noble Corporation PLC has a one year low of $21.75 and a one year high of $54.57. The stock has a market capitalization of $8.17 billion, a PE ratio of 35.80 and a beta of 1.00. The business's fifty day moving average is $47.82 and its 200 day moving average is $37.50.
Noble (NYSE:NE - Get Free Report) last released its quarterly earnings data on Sunday, April 26th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Noble had a return on equity of 2.32% and a net margin of 7.17%.The company had revenue of $785.69 million for the quarter, compared to analysts' expectations of $730.47 million. During the same period last year, the firm posted $0.26 earnings per share. Noble's revenue was down 10.1% compared to the same quarter last year. On average, sell-side analysts predict that Noble Corporation PLC will post 1.06 EPS for the current year.
Noble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. Noble's dividend payout ratio (DPR) is 139.86%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on NE shares. Weiss Ratings cut Noble from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Susquehanna increased their price objective on Noble from $45.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, April 7th. Fearnley Fonds cut Noble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. BTIG Research increased their price objective on Noble from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Finally, Zacks Research cut Noble from a "hold" rating to a "strong sell" rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $44.38.
Get Our Latest Report on Noble
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hosking Partners LLP boosted its position in Noble by 10.0% in the fourth quarter. Hosking Partners LLP now owns 1,140,328 shares of the company's stock worth $32,203,000 after purchasing an additional 103,477 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Noble by 2.8% in the fourth quarter. Russell Investments Group Ltd. now owns 911,491 shares of the company's stock worth $25,740,000 after purchasing an additional 24,725 shares during the last quarter. SG Americas Securities LLC boosted its position in Noble by 424.2% in the fourth quarter. SG Americas Securities LLC now owns 440,342 shares of the company's stock worth $12,435,000 after purchasing an additional 356,333 shares during the last quarter. Sagefield Capital LP boosted its position in Noble by 40.0% in the fourth quarter. Sagefield Capital LP now owns 182,844 shares of the company's stock worth $5,164,000 after purchasing an additional 52,261 shares during the last quarter. Finally, Hara Capital LLC purchased a new position in Noble in the fourth quarter worth about $4,902,000. 68.14% of the stock is owned by hedge funds and other institutional investors.
Noble Company Profile
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Get Free Report)
Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.
Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.
Further Reading
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