Verde Servicos Internacionais S.A. purchased a new position in Noble Co. (NYSE:NE) during the first quarter, Holdings Channel reports. The fund purchased 21,000 shares of the company’s stock, valued at approximately $129,000.
Other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its position in Noble by 5.6% in the third quarter. LS Investment Advisors LLC now owns 15,695 shares of the company’s stock worth $100,000 after buying an additional 834 shares during the period. Global Endowment Management LP bought a new position in Noble during the third quarter worth $100,000. Acadian Asset Management LLC boosted its position in Noble by 1,343.9% in the third quarter. Acadian Asset Management LLC now owns 16,114 shares of the company’s stock worth $102,000 after buying an additional 14,998 shares during the period. Advisor Group Inc. boosted its position in Noble by 112.7% in the third quarter. Advisor Group Inc. now owns 15,989 shares of the company’s stock worth $102,000 after buying an additional 8,472 shares during the period. Finally, CAMG Solamere Management LLC bought a new position in Noble during the fourth quarter worth $102,000. 91.66% of the stock is owned by institutional investors.
Noble Co. (NYSE:NE) traded down 5.94% during trading on Thursday, hitting $5.54. The stock had a trading volume of 8,100,457 shares. Noble Co. has a 52 week low of $4.45 and a 52 week high of $12.19. The company’s market cap is $1.36 billion. The stock has a 50-day moving average price of $6.23 and a 200-day moving average price of $6.28.
Noble (NYSE:NE) last posted its earnings results on Thursday, February 9th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. The business had revenue of $410 million for the quarter, compared to analyst estimates of $399.02 million. The company’s quarterly revenue was down 52.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Equities analysts predict that Noble Co. will post ($1.31) EPS for the current year.
A number of equities analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of Noble in a report on Friday, December 23rd. Barclays PLC raised Noble from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $6.00 to $7.00 in a research report on Monday, January 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Noble in a research report on Sunday, February 12th. Morgan Stanley raised Noble from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $6.00 to $8.00 in a research report on Thursday, February 2nd. Finally, TheStreet downgraded Noble from a “c-” rating to a “d” rating in a research report on Tuesday, February 14th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Noble currently has a consensus rating of “Hold” and an average price target of $7.92.
Noble Company Profile
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
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