Shares of Noble Co. PLC (NYSE:NE) have earned a consensus recommendation of “Sell” from the thirteen analysts that are covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.33.

NE has been the topic of a number of recent analyst reports. Tudor Pickering downgraded shares of Noble from a “buy” rating to a “sell” rating in a research report on Wednesday, March 11th. Wells Fargo & Co downgraded shares of Noble from an “equal weight” rating to an “underweight” rating in a research report on Friday, March 13th. Credit Suisse Group downgraded shares of Noble from a “neutral” rating to an “underperform” rating in a research report on Wednesday, May 13th. ValuEngine raised shares of Noble from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Royal Bank of Canada downgraded shares of Noble from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, April 21st.

A number of large investors have recently bought and sold shares of NE. State Street Corp lifted its position in Noble by 2.8% during the first quarter. State Street Corp now owns 8,912,824 shares of the oil and gas company’s stock valued at $2,317,000 after buying an additional 243,494 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Noble by 506.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,031 shares of the oil and gas company’s stock worth $49,000 after buying an additional 33,428 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Noble in the fourth quarter worth $41,000. Van ECK Associates Corp increased its stake in shares of Noble by 18.5% in the first quarter. Van ECK Associates Corp now owns 5,172,711 shares of the oil and gas company’s stock worth $1,345,000 after buying an additional 805,820 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Noble by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,898,472 shares of the oil and gas company’s stock valued at $4,757,000 after purchasing an additional 504,944 shares during the last quarter. Hedge funds and other institutional investors own 77.36% of the company’s stock.

NE traded down $0.02 during trading hours on Tuesday, hitting $0.32. 6,278,567 shares of the company’s stock were exchanged, compared to its average volume of 11,216,529. Noble has a 12-month low of $0.12 and a 12-month high of $2.32. The firm has a 50 day moving average of $0.27 and a 200 day moving average of $0.58. The firm has a market cap of $76.44 million, a P/E ratio of -0.05 and a beta of 2.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.42.

Noble (NYSE:NE) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.03). Noble had a negative net margin of 129.80% and a negative return on equity of 10.23%. The firm had revenue of $281.31 million during the quarter, compared to analysts’ expectations of $267.80 million. As a group, research analysts expect that Noble will post -1.77 EPS for the current fiscal year.

About Noble

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2018, the company operated a fleet of 24 drilling rigs consisted of 8 drill ships, 4 semisubmersibles, and 12 jack ups.

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Analyst Recommendations for Noble (NYSE:NE)

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