Stock Market Analyze

Noble Corporation Ordinary Shares (UK) (NYSE:NE) rose 5% during previous trade. Citigroup issued rating on the stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) in a research note issued to investors on Jan-11-17, the stock received “Upgrade” rating from Neutral to Buy. Additionally Barclays issued their verdict on the stock of the company, on record date of Jan-9-17 the stock was “Upgraded” from Underweight to Equal Weight from $6 to $7 besides that on Dec-16-16 Noble Corporation Ordinary Shares (UK) (NYSE:NE) was “Downgraded” by RBC Capital Mkts from Sector Perform to Underperform at $7. Furthermore on Dec-16-16 the stock was “Downgraded” by Goldman rating from Neutral to Sell.

Noble Corporation Ordinary Shares (UK) (NYSE:NE) shares ended last trading session at the price of $7.56 whereas a number of traders indicating mean target price will hit $6.34 over the next twelve months, mean value of price target most recently revised on 01/9/17. Noble Corporation Ordinary Shares (UK) (NYSE:NE)’s highest estimates of price target are $12.50 and low forecast is $3 based on the opinion of 32 analysts. The price target estimates represents a standard deviation of 1.98. However brokerage recommendations suggests an ABR of 3.41 based on calls of 21 experts, where 1 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 13 suggest Hold, 3 are rating the stock as Sell while 4 as Strong Sell.

Noble Corporation Ordinary Shares (UK) (NYSE:NE) is expected to release the earnings of its current quarter on 2/1/17. The company is expected to release $-0.2 EPS for current quarter according to 36 analysts whereas the company reported $0.52 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $-0.38 and high estimate of $-0.08. For the current year Noble Corporation Ordinary Shares (UK) (NYSE:NE) has set to release EPS of $-0.11 as per the sentiments of 29 analysts, however according to 37 analysts, the company expected to release $-1.36 EPS for next year.

Noble Corporation Ordinary Shares (UK) (NYSE:NE)’s average revenue estimates for the current quarter are $399.02M according to 27 number of analysts. However its lowest revenue estimates are $369M and highest revenue estimates are $429M. A year ago the company’s sales were $712.68M. Its yearly sales growth estimates are -44%. For the next quarter the company has anticipated average revenues of $373.99M, according to the sentiments of 21 analysts. For the current year the company has fixed $1.9B revenues, as per the opinion of 27 analysts. For the current year the company has low revenue estimates of $1.84B in contradiction of high revenue estimates of $1.94B. Whereas for the next year revenues are set at $1.28B by 35 analysts.

The stock exchanged hands 16.65M shares versus average trading capacity of 12.66M shares, while its shares’ total market worth is $1.75B along with 243.23M outstanding shares. Noble Corporation Ordinary Shares (UK) (NYSE:NE) shares were trading -45.37% below from the 52-week high price mark of $13.84 and +69.89% above from the 52-week price bottom of $4.45. However the company observed 52 week high price on 3/07/16 and witnessed 52 week low price on 11/04/16. The company’s price sits 26.19% above from its 50-day moving average of $6.51 and 2.07% far from the stock’s 200-day moving average which is $6.40. Noble Corporation Ordinary Shares (UK) (NYSE:NE)’s price to sales ratio for trailing twelve month stands at 0.67, whereas its price to book ratio for most recent quarter sits at 0.26. However the company’s price to cash per share for most recent quarter stands at 4.32. Its price to free cash flow for trailing twelve months is 2.81.