Noble Corporation (NYSE:NE) – Analysts at Seaport Global Securities issued their Q3 2017 EPS estimates for Noble Corporation in a research note issued to investors on Monday. Seaport Global Securities analyst M. Urban expects that the oil and gas company will post earnings of ($0.33) per share for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Noble Corporation’s Q4 2017 earnings at ($0.29) EPS, FY2017 earnings at ($1.11) EPS, Q1 2018 earnings at ($0.29) EPS, Q2 2018 earnings at ($0.26) EPS, Q3 2018 earnings at ($0.31) EPS, Q4 2018 earnings at ($0.27) EPS, FY2018 earnings at ($1.12) EPS, Q1 2019 earnings at ($0.28) EPS, Q2 2019 earnings at ($0.29) EPS and FY2019 earnings at ($1.12) EPS.

Several other equities research analysts also recently weighed in on NE. Nomura upgraded shares of Noble Corporation from a “reduce” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Thursday, May 18th. Instinet upgraded shares of Noble Corporation from a “reduce” rating to a “neutral” rating and increased their target price for the stock from $4.35 to $5.00 in a research note on Thursday, May 18th. Credit Suisse Group reiterated a “buy” rating and set a $10.00 target price on shares of Noble Corporation in a research note on Friday, April 21st. Sanford C. Bernstein downgraded shares of Noble Corporation from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $7.00 to $2.50 in a research note on Thursday, July 6th. Finally, Deutsche Bank AG increased their target price on shares of Noble Corporation from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $6.10.

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Shares of Noble Corporation (NYSE NE) opened at 3.36 on Wednesday. The firm’s market cap is $822.14 million. The firm’s 50-day moving average price is $3.85 and its 200-day moving average price is $5.26. Noble Corporation has a 12 month low of $3.27 and a 12 month high of $8.37.

Noble Corporation (NYSE:NE) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.02. Noble Corporation had a negative return on equity of 3.19% and a negative net margin of 122.04%. The company had revenue of $278.10 million during the quarter, compared to analysts’ expectations of $284.99 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The firm’s revenue was down 68.9% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC raised its position in shares of Noble Corporation by 50.7% in the first quarter. Chicago Equity Partners LLC now owns 16,650 shares of the oil and gas company’s stock worth $103,000 after buying an additional 5,600 shares during the period. Founders Capital Management raised its position in shares of Noble Corporation by 95.9% in the second quarter. Founders Capital Management now owns 30,270 shares of the oil and gas company’s stock worth $110,000 after buying an additional 14,820 shares during the period. Teacher Retirement System of Texas raised its position in shares of Noble Corporation by 16.8% in the first quarter. Teacher Retirement System of Texas now owns 19,601 shares of the oil and gas company’s stock worth $121,000 after buying an additional 2,816 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Noble Corporation by 109.3% in the second quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the oil and gas company’s stock worth $125,000 after buying an additional 16,400 shares during the period. Finally, Brave Asset Management Inc. raised its position in shares of Noble Corporation by 40.0% in the second quarter. Brave Asset Management Inc. now owns 35,000 shares of the oil and gas company’s stock worth $127,000 after buying an additional 10,000 shares during the period. Institutional investors own 98.66% of the company’s stock.

Noble Corporation 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.

Earnings History and Estimates for Noble Corporation (NYSE:NE)

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