Noble Corporation PLC (NYSE:NE - Get Free Report) SVP Blake Denton sold 30,000 shares of Noble stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.31, for a total transaction of $1,479,300.00. Following the completion of the sale, the senior vice president directly owned 29,927 shares of the company's stock, valued at approximately $1,475,700.37. The trade was a 50.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Blake Denton also recently made the following trade(s):
- On Tuesday, February 17th, Blake Denton sold 23,255 shares of Noble stock. The shares were sold at an average price of $43.50, for a total transaction of $1,011,592.50.
Noble Stock Performance
NE opened at $48.49 on Friday. Noble Corporation PLC has a 1-year low of $22.37 and a 1-year high of $54.57. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 33.91 and a beta of 0.94. The company's fifty day moving average price is $48.04 and its two-hundred day moving average price is $38.09. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.
Noble (NYSE:NE - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. The firm had revenue of $785.69 million during the quarter, compared to analysts' expectations of $730.47 million. Noble had a net margin of 7.17% and a return on equity of 2.32%. The business's revenue was down 10.1% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. On average, analysts expect that Noble Corporation PLC will post 0.93 EPS for the current fiscal year.
Noble Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 4.1%. Noble's payout ratio is 139.86%.
Institutional Investors Weigh In On Noble
Several large investors have recently modified their holdings of NE. Parallel Advisors LLC increased its position in Noble by 43.7% in the first quarter. Parallel Advisors LLC now owns 2,693 shares of the company's stock worth $132,000 after buying an additional 819 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Noble during the 1st quarter valued at $218,000. State of Tennessee Department of Treasury purchased a new position in shares of Noble during the 4th quarter valued at $1,109,000. Sagefield Capital LP grew its stake in shares of Noble by 40.0% during the 4th quarter. Sagefield Capital LP now owns 182,844 shares of the company's stock worth $5,164,000 after acquiring an additional 52,261 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Noble by 2.8% during the 4th quarter. Russell Investments Group Ltd. now owns 911,491 shares of the company's stock worth $25,740,000 after acquiring an additional 24,725 shares during the period. Hedge funds and other institutional investors own 68.14% of the company's stock.
Analyst Upgrades and Downgrades
NE has been the subject of several analyst reports. Wall Street Zen raised Noble from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. SEB Equity Research set a $33.00 price target on Noble in a report on Tuesday, January 27th. JPMorgan Chase & Co. increased their price target on Noble from $33.00 to $41.00 and gave the company a "neutral" rating in a research report on Tuesday, February 17th. Citigroup raised their price objective on Noble from $50.00 to $52.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Evercore set a $59.00 price objective on shares of Noble in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.38.
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About Noble
(
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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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