Research analysts at Credit Suisse reduced their target price on shares of Noble Co. New Common Stock – Switzerland (NYSE:NE) to $40.00 in a report released on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective points to a potential upside of 37.13% from the company’s current price.
A number of other firms have also recently commented on NE. Analysts at Wunderlich reiterated a “buy” rating on shares of Noble Co. New Common Stock – Switzerland in a research note on Friday. Separately, analysts at Standpoint Research upgraded shares of Noble Co. New Common Stock – Switzerland from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. They now have a $38.00 price target on the stock. Finally, analysts at EVA Dimensions upgraded shares of Noble Co. New Common Stock – Switzerland from an “underweight” rating to a “hold” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.00.
In other Noble Co. New Common Stock – Switzerland news, Director Gordon Hall bought 5,000 shares of the stock on the open market in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $29.21 per share, with a total value of $146,050.00. Following the purchase, the director now directly owns 42,114 shares of the company’s stock, valued at approximately $1,230,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Noble Co. New Common Stock – Switzerland (NYSE:NE) traded up 1.32% during mid-day trading on Friday, hitting $29.555. The stock had a trading volume of 2,571,567 shares. Noble Co. New Common Stock – Switzerland has a 52 week low of $28.67 and a 52 week high of $42.34. The stock has a 50-day moving average of $31.04 and a 200-day moving average of $36.00. The company has a market cap of $7.511 billion and a price-to-earnings ratio of 9.56.
Noble Co. New Common Stock – Switzerland (NYSE:NE) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts expect that Noble Co. New Common Stock – Switzerland will post $3.39 EPS for the current fiscal year.
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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