Westpac Banking Corp Has $1.24 Million Holdings in Noble Corporation (NE)
Westpac Banking Corp lifted its stake in shares of Noble Corporation (NYSE:NE) by 106.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,000 shares of the oil and gas company’s stock after acquiring an additional 139,100 shares during the period. Westpac Banking Corp owned approximately 0.11% of Noble Corporation worth $1,242,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC bought a new position in Noble Corporation in the first quarter valued at $139,000. Founders Capital Management lifted its stake in shares of Noble Corporation by 95.9% during the 2nd 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 last quarter. Tudor Investment Corp ET AL raised its stake in Noble Corporation by 126.1% in the 1st quarter. Tudor Investment Corp ET AL now owns 30,300 shares of the oil and gas company’s stock worth $188,000 after purchasing an additional 16,900 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Noble Corporation by 109.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 16,400 shares during the period. Finally, Pinebridge Investments L.P. bought a new position in Noble Corporation in the 2nd quarter valued at about $117,000. 94.43% of the stock is owned by institutional investors.
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Shares of Noble Corporation (NE) opened at $4.32 on Wednesday. Noble Corporation has a one year low of $3.14 and a one year high of $8.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.58.
Noble Corporation (NYSE:NE) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.36). The business had revenue of $266.20 million during the quarter, compared to analysts’ expectations of $269.61 million. Noble Corporation had a negative return on equity of 3.94% and a negative net margin of 136.22%. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. equities research analysts predict that Noble Corporation will post -1.18 EPS for the current fiscal year.
NE has been the topic of a number of research reports. Zacks Investment Research lowered shares of Noble Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Piper Jaffray Companies reiterated a “hold” rating and set a $2.85 target price on shares of Noble Corporation in a research report on Sunday, October 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $5.50 target price (down previously from $7.00) on shares of Noble Corporation in a research note on Tuesday, July 18th. Argus reiterated a “sell” rating and issued a $6.00 target price on shares of Noble Corporation in a research note on Friday, August 18th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Noble Corporation in a research report on Monday, August 7th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.56.
Noble Corporation 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.
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