Noble (NE) Shares Gap Up to $3.96
Noble Co. (NYSE:NE) shares gapped up prior to trading on Monday . The stock had previously closed at $3.84, but opened at $3.96. Noble shares last traded at $4.04, with a volume of 5949526 shares traded.
Several research analysts have recently commented on NE shares. Zacks Investment Research raised Noble from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Wednesday, October 18th. started coverage on Noble in a report on Thursday, October 19th. They issued a “buy” rating and a $5.30 target price on the stock. Cowen set a $3.00 target price on Noble and gave the stock a “hold” rating in a report on Wednesday, October 18th. Piper Jaffray Companies reissued a “hold” rating and issued a $2.85 target price on shares of Noble in a report on Sunday, October 22nd. Finally, Royal Bank of Canada set a $5.00 target price on Noble and gave the stock a “hold” rating in a report on Sunday, November 12th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.16.
The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.64. The firm has a market cap of $970.07, a PE ratio of -0.55 and a beta of 2.22.
Noble 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.
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