Shares of Noble Co. PLC (NYSE:NE) were up 30% on Wednesday . The company traded as high as $1.10 and last traded at $1.04, approximately 11,928,494 shares traded hands during trading. An increase of 182% from the average daily volume of 4,236,438 shares. The stock had previously closed at $0.80.
A number of equities research analysts recently weighed in on NE shares. Capital One Financial restated an “equal weight” rating on shares of Noble in a research report on Friday, February 7th. HSBC lowered Noble from a “buy” rating to a “reduce” rating in a research report on Friday, December 6th. Fearnley Fonds lowered Noble from a “reduce” rating to a “sell” rating in a research report on Monday, October 21st. ValuEngine upgraded Noble from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Evercore ISI initiated coverage on Noble in a research note on Friday, February 7th. They set a “buy” rating and a $1.00 price target on the stock. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Noble presently has a consensus rating of “Hold” and a consensus price target of $2.21.
The company has a market capitalization of $237.04 million, a P/E ratio of -0.32 and a beta of 2.63. The firm’s fifty day moving average is $1.05 and its 200 day moving average is $1.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58.
Noble Company Profile (NYSE:NE)
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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