Noble Corp. (NYSE:NE) – Research analysts at Capital One Financial Corp. lowered their FY2016 earnings per share (EPS) estimates for Noble Corp. in a research report issued to clients and investors on Wednesday. Capital One Financial Corp. analyst J. Gibney now anticipates that the firm will earn ($0.23) per share for the year, down from their prior forecast of ($0.14). Capital One Financial Corp. also issued estimates for Noble Corp.’s Q4 2016 earnings at ($0.34) EPS.

Noble Corp. (NYSE:NE) last released its earnings results on Thursday, November 3rd. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.04. The business had revenue of $385.20 million for the quarter, compared to the consensus estimate of $646.42 million. Noble Corp. had a return on equity of 2.14% and a net margin of 7.90%. The company’s revenue for the quarter was down 57.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. TRADEMARK VIOLATION WARNING: “FY2016 EPS Estimates for Noble Corp. Lowered by Analyst (NE)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/29/fy2016-eps-estimates-for-noble-corp-lowered-by-analyst-ne.html.

Earnings History and Estimates for Noble Corp. (NYSE:NE)

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reissued a “sell” rating on shares of Noble Corp. in a research note on Friday, November 4th. Nomura reissued a “sell” rating and issued a $4.00 target price on shares of Noble Corp. in a research note on Friday, November 4th. Zacks Investment Research raised Noble Corp. from a “sell” rating to a “hold” rating in a research note on Friday, October 21st. Vetr cut Noble Corp. from a “strong-buy” rating to a “buy” rating and set a $6.90 target price on the stock. in a research note on Wednesday, September 28th. Finally, BMO Capital Markets reissued a “sell” rating on shares of Noble Corp. in a research note on Tuesday, November 8th. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.27.

Shares of Noble Corp. (NYSE:NE) opened at 5.63 on Monday. The company has a market capitalization of $1.37 billion, a PE ratio of 6.52 and a beta of 2.10. The stock’s 50 day moving average price is $5.48 and its 200-day moving average price is $6.89. Noble Corp. has a 1-year low of $4.45 and a 1-year high of $13.90.

TRADEMARK VIOLATION WARNING: “FY2016 EPS Estimates for Noble Corp. Lowered by Analyst (NE)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/29/fy2016-eps-estimates-for-noble-corp-lowered-by-analyst-ne.html.

Several institutional investors have recently made changes to their positions in NE. Vanguard Group Inc. boosted its position in shares of Noble Corp. by 6.9% in the second quarter. Vanguard Group Inc. now owns 30,239,221 shares of the company’s stock worth $249,170,000 after buying an additional 1,947,799 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Noble Corp. by 56.4% in the second quarter. Dimensional Fund Advisors LP now owns 10,805,125 shares of the company’s stock worth $89,037,000 after buying an additional 3,897,284 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Noble Corp. by 11.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,233,433 shares of the company’s stock worth $64,880,000 after buying an additional 1,030,587 shares during the period. BlackRock Fund Advisors boosted its position in shares of Noble Corp. by 4.8% in the third quarter. BlackRock Fund Advisors now owns 9,737,179 shares of the company’s stock worth $61,734,000 after buying an additional 447,307 shares during the period. Finally, State Street Corp boosted its position in shares of Noble Corp. by 4.2% in the second quarter. State Street Corp now owns 8,028,403 shares of the company’s stock worth $66,143,000 after buying an additional 324,456 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Noble Corp. 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.

5 Day Chart for NYSE:NE

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