Noble Corporation Company Profile (NYSE:NE)

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

Noble Corporation declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Monday, August 1st will be paid a dividend of $0.02 per share on Monday, August 8th. This represents a $0.08 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, July 28th. View Noble Corporation's Dividend History.

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

28 brokers have issued 12 month price targets for Noble Corporation's shares. Their predictions range from $3.50 to $12.50. On average, they anticipate Noble Corporation's stock price to reach $6.79 in the next twelve months. View Analyst Ratings for Noble Corporation.

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

• 1. 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)
• 2. 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 Corporation saw a increase in short interest in May. As of May 31st, there was short interest totalling 59,380,419 shares, an increase of 2.8% from the May 15th total of 57,768,895 shares. Based on an average daily trading volume, of 13,522,467 shares, the short-interest ratio is currently 4.4 days. Currently, 24.6% of the shares of the stock are short sold.

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

Noble Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.62%), Dimensional Fund Advisors LP (8.43%), Vanguard Group Inc. (8.24%), State Street Corp (6.96%), Bank of New York Mellon Corp (2.25%) and Contrarius Investment Management Ltd (2.23%). Company insiders that own Noble Corporation stock include Bernie G Wolford, Mary P Ricciardello, Michael A Cawley and Scott Marks. View Institutional Ownership Trends for Noble Corporation.

Noble Corporation's stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, First Trust Advisors LP, LSV Asset Management, UBS Asset Management Americas Inc., First Quadrant L P CA, Renaissance Technologies LLC, Prudential Financial Inc. and Neuburgh Advisers LLC. View Insider Buying and Selling for Noble Corporation.

Noble Corporation's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., State Street Corp, TVR Capital Management LP, Bank of New York Mellon Corp and Credit Suisse AG. View Insider Buying and Selling for Noble Corporation.

Shares of Noble Corporation 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 Corporation stock can currently be purchased for approximately $3.89.