Noble Company Profile (NYSE:NE)

Noble trades on the New York Stock Exchange (NYSE) under the ticker symbol "NE."

Noble Co. (NYSE:NE) released its quarterly earnings results on Thursday, May, 4th. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The firm earned $363 million during the quarter, compared to analyst estimates of $368.25 million. Noble had a negative net margin of 65.11% and a negative return on equity of 1.69%. The business's revenue for the quarter was down 40.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. View Noble's Earnings History.

28 equities research analysts have issued 12 month target prices for Noble's shares. Their forecasts range from $2.00 to $12.50. On average, they expect Noble's share price to reach $6.11 in the next year. View Analyst Ratings for Noble.

Here are some recent quotes from research analysts about Noble stock:

• 1. UBS AG analysts commented, "Noble commented that they are seeing a positive change in the conversations and confidence of their customers driven by the stability in oil prices. However, the company noted it could be another 1-2 years before the fundamental recovery begins. On the outlook for the cycle, we expect very limited demand recovery in 2018 under a $50-$55 oil price environment. Despite the stock performance across the offshore drilling sector, we believe 2017-2018 will remain highly challenging for the offshore markets unless oil prices firmly move into the $60-$65/bbl range. In our view, 2019 is likely the first year of a real but slow recovery, with demand becoming more widespread in 2020-2021 as oil prices continue to rise." (2/13/2017)
• 2. Jefferies Group LLC analysts commented, "On NE specifically, despite shares being up 24% YTD as of 1/25/17, we still see the stock as having upside and believe NE is the best vehicle for anybody trying to play recovery in the space at this point (it doesn't screen as overvalued on a relative basis through the modeled period, FCF generation looks solid, and it remains less expensive than peers on a normalized basis). NE isn't immune from the lack of catalysts in the sector. However, despite the company taking actions in December to improve the Balance Sheet, the new CFO may still pursue additional measures to strengthen the capital structure (such as using asset backed-financing on one or more of their term contracts), which we would view as a positive. Similar to RDC, NE has 'good' UDW and high spec jackup assets with availability that should return to work relatively earlier in the upcycle. However, unlike in RDC's case, we don't see Consensus as being overly generous about the profitability of a market turn..." (1/30/2017)
• 3. According to Zacks Investment Research, "Noble Corporation's robust portfolio of assets, long-term commitments and strong backlog offer some relief in the currently weak pricing scenario. In particular, the company’s strong operational execution and cost-management efforts are noteworthy. However, uncertainty lingers over new contract flows and dayrates. Also, Noble Corp. has a large number of rigs coming off contracts and securing new contracts for those could be a challenge in the present conditions. Further, the oversupplied rig market remains a challenge for offshore drilling firms. So, until the uncertainty and volatility in oil prices subside, we see limited upside for NE shares from current levels." (10/27/2016)

Noble saw a increase in short interest in June. As of June 30th, there was short interest totalling 53,679,028 shares, an increase of 1.1% from the June 15th total of 53,105,458 shares. Based on an average daily trading volume, of 13,907,653 shares, the days-to-cover ratio is currently 3.9 days. Approximately 22.2% of the company's shares are short sold.

Some companies that are related to Noble include Halcon Resources Corporation (HK), SandRidge Energy (SD), Geopark Ltd (GPRK), Independence Contract Drilling (ICD), North Atlantic Drilling (NADL), Magnum Hunter Resources Corp (MHR), Ocean Rig UDW (ORIG), Progress Energy (PGN), Breitburn Energy Partners LP (BBEP), Hercules Offshore Com (HERO) and Vanguard Natural Resources, LLC (VNR).

Noble's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.88%), First Quadrant L P CA (0.26%), Aperio Group LLC (0.11%), Sippican Capital Advisors (0.10%), Louisiana State Employees Retirement System (0.04%) and Oregon Public Employees Retirement Fund (0.04%). Company insiders that own Noble stock include Bernie G Wolford, Mary P Ricciardello, Michael A Cawley and Scott Marks. View Institutional Ownership Trends for Noble.

Noble's stock was sold by a variety of institutional investors in the last quarter, including First Quadrant L P CA, Park National Corp OH and Buffington Mohr McNeal. View Insider Buying and Selling for Noble.

Noble's stock was purchased by a variety of institutional investors in the last quarter, including Aperio Group LLC, State of Alaska Department of Revenue, Louisiana State Employees Retirement System, Sippican Capital Advisors, Nisa Investment Advisors LLC, Founders Capital Management, Capstone Asset Management Co. and Oregon Public Employees Retirement Fund. View Insider Buying and Selling for Noble.

Shares of Noble can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Noble stock can currently be purchased for approximately $4.00.