Cowen and Company set a $3.00 price target on Noble Corporation (NYSE:NE) in a research report sent to investors on Wednesday. The brokerage currently has a hold rating on the oil and gas company’s stock.

NE has been the subject of a number of other research reports. Deutsche Bank AG began coverage on shares of Noble Corporation in a research report on Tuesday, October 10th. They issued a hold rating and a $4.00 target price for the company. Royal Bank Of Canada set a $5.00 price objective on shares of Noble Corporation and gave the company a hold rating in a research report on Saturday, October 7th. Bank of America Corporation downgraded shares of Noble Corporation from a neutral rating to an underperform rating and cut their price objective for the company from $7.00 to $2.00 in a research report on Friday, June 30th. Piper Jaffray Companies set a $4.00 price objective on shares of Noble Corporation and gave the company a hold rating in a research report on Monday, August 7th. Finally, UBS AG raised shares of Noble Corporation from a neutral rating to a buy rating and boosted their price objective for the company from $4.00 to $6.00 in a research report on Monday, September 25th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. Noble Corporation presently has a consensus rating of Hold and an average price target of $5.60.

Noble Corporation (NE) opened at 3.78 on Wednesday. The company’s market capitalization is $925.73 million. Noble Corporation has a 12-month low of $3.14 and a 12-month high of $8.37. The stock has a 50 day moving average price of $4.02 and a 200 day moving average price of $4.15.

Noble Corporation (NYSE:NE) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. The business had revenue of $278.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. On average, analysts expect that Noble Corporation will post ($1.24) EPS for the current year.

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Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Noble Corporation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,152,512 shares of the oil and gas company’s stock worth $124,744,000 after purchasing an additional 188,754 shares in the last quarter. UBS Group AG increased its holdings in shares of Noble Corporation by 3.1% in the 1st quarter. UBS Group AG now owns 225,672 shares of the oil and gas company’s stock worth $1,397,000 after buying an additional 6,767 shares during the last quarter. Credit Suisse AG increased its holdings in shares of Noble Corporation by 326.2% in the 1st quarter. Credit Suisse AG now owns 915,197 shares of the oil and gas company’s stock worth $5,666,000 after buying an additional 700,438 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Noble Corporation by 112.0% in the 2nd quarter. SG Americas Securities LLC now owns 330,546 shares of the oil and gas company’s stock worth $1,197,000 after buying an additional 174,656 shares during the last quarter. Finally, River & Mercantile Asset Management LLP increased its holdings in shares of Noble Corporation by 15.0% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 1,132,617 shares of the oil and gas company’s stock worth $4,094,000 after buying an additional 147,797 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

About Noble Corporation

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.

Analyst Recommendations for Noble Corporation (NYSE:NE)

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