In the last trading session, 1.61 million Noble Corp Plc (NYSE:NE) shares changed hands as the company’s beta touched 1.05. With the company’s per share price at $24.56 changed hands at $0.38 or 1.57% during last session, the market valuation stood at $3.91B. NE’s last price was a discount, traded about -112.34% off its 52-week high of $52.15. The share price had its 52-week low at $22.05, which suggests the last value was 10.22% up since then. When we look at Noble Corp Plc’s average trading volume, we note the 10-day average is 2.88 million shares, with the 3-month average coming to 2.09 million.
Analysts gave the Noble Corp Plc (NE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.72. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended NE as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Noble Corp Plc’s EPS for the current quarter is expected to be 0.36.
Noble Corp Plc (NYSE:NE) trade information
Instantly NE was in green as seen at the end of in last trading. With action 6.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.78%, with the 5-day performance at 6.00% in the green. However, in the 30-day time frame, Noble Corp Plc (NYSE:NE) is -15.66% down. Looking at the short shares, we see there were 11.79 million shares sold at short interest cover period of 5.88 days.
The consensus price target for the stock as assigned by Wall Street analysts is 48, meaning bulls need an upside of 48.83% from its current market value. According to analyst projections, NE’s forecast low is 48 with 48 as the target high. To hit the forecast high, the stock’s price needs a -95.44% plunge from its current level, while the stock would need to soar -95.44% for it to hit the projected low.
Noble Corp Plc (NE) estimates and forecasts
Year-over-year growth is forecast to reach 10.38% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 867.15M. 8 analysts are of the opinion that Noble Corp Plc’s revenue for the current quarter will be 872.2M. The company’s revenue for the corresponding quarters a year ago was 637.08M and 692.84M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.11%. The estimates for the next quarter sales put growth at 25.89%.
The 2025 estimates are for Noble Corp Plc earnings to decrease by -21.96%, but the outlook for the next 5-year period is at 14.80% per year.
NE Dividends
Noble Corp Plc is expected to release its next quarterly earnings report on 2025-Feb-16. The 7.74% annual yield figure for the share gives it an annual dividend of 1.90. It is important to note, however, that the 7.74% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Noble Corp Plc (NYSE:NE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.95% of Noble Corp Plc shares while 78.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.19%. There are 78.41% institutions holding the Noble Corp Plc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.4698% of the shares, roughly 11.95 million NE shares worth $533.44 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9745% or 8.43 million shares worth $376.28 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were First Eagle Global Fund and Vanguard Total Stock Market Index Fund . With 5.36 shares estimated at $131.76 million under it, the former controlled 3.37% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.53% of the shares, roughly 4.03 shares worth around $98.95 million.
