Noble Co. (NYSE:NE) was the target of some unusual options trading activity on Thursday. Investors acquired 14,131 put options on the company. This is an increase of approximately 1,669% compared to the average daily volume of 799 put options.
Noble stock opened at $5.98 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.40 billion, a PE ratio of -5.25 and a beta of 2.16. Noble has a 12-month low of $3.14 and a 12-month high of $6.10.
Noble (NYSE:NE) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.02. The business had revenue of $235.16 million during the quarter, compared to analysts’ expectations of $228.45 million. Noble had a negative net margin of 32.20% and a negative return on equity of 6.29%. The business’s revenue was down 35.2% on a year-over-year basis. During the same period last year, the firm posted ($0.17) earnings per share. sell-side analysts anticipate that Noble will post -1.83 EPS for the current fiscal year.
NE has been the subject of several recent analyst reports. ValuEngine upgraded shares of Noble from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Noble from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Cowen restated a “hold” rating and issued a $4.00 target price on shares of Noble in a research report on Thursday, March 15th. Argus upgraded shares of Noble from a “hold” rating to a “buy” rating in a research report on Tuesday, March 13th. Finally, Piper Jaffray set a $3.00 target price on shares of Noble and gave the stock a “sell” rating in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.33.
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.
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