Noble Corp (NYSE:NE) 2017 Q3 Sentiment Report

January 14, 2018 - By Marie Mckinney

 Noble Corp (NYSE:NE)  2017 Q3 Sentiment Report

Sentiment for Noble Corp (NYSE:NE)

Noble Corp (NYSE:NE) institutional sentiment decreased to 0.78 in 2017 Q3. Its down -0.18, from 0.96 in 2017Q2. The ratio turned negative, as 98 active investment managers started new or increased equity positions, while 126 sold and decreased their stock positions in Noble Corp. The active investment managers in our partner’s database now own: 211.28 million shares, down from 228.01 million shares in 2017Q2. Also, the number of active investment managers holding Noble Corp in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 51 Reduced: 75 Increased: 60 New Position: 38.

Noble Corporation plc operates as an offshore drilling contractor for the gas and oil industry worldwide. The company has market cap of $1.41 billion. It owns and operates a fleet of mobile offshore drilling units. It currently has negative earnings. As of February 23, 2017, the firm operated a fleet of 28 offshore drilling units consisted of 14 drill ships, and semisubmersibles and 14 jack ups.

The stock increased 2.67% or $0.15 during the last trading session, reaching $5.77. About 10.66 million shares traded or 41.93% up from the average. Noble Corporation plc (NYSE:NE) has declined 46.66% since January 14, 2017 and is downtrending. It has underperformed by 63.36% the S&P500.

Analysts await Noble Corporation plc (NYSE:NE) to report earnings on February, 8. They expect $-0.32 EPS, down 113.33 % or $0.17 from last year’s $-0.15 per share. After $-0.36 actual EPS reported by Noble Corporation plc for the previous quarter, Wall Street now forecasts -11.11 % EPS growth.

D.C. Capital Advisors Ltd holds 7.6% of its portfolio in Noble Corporation plc for 2.50 million shares. Firefly Value Partners Lp owns 13.52 million shares or 6.3% of their US portfolio. Moreover, Shah Capital Management has 6.11% invested in the company for 2.64 million shares. The Jersey-based Contrarius Investment Management Ltd has invested 1.79% in the stock. Vertex One Asset Management Inc., a British Columbia – Canada-based fund reported 2.20 million shares.#img1#

Noble Corporation plc (NYSE:NE) Ratings Coverage

Ratings analysis reveals 26% of Noble Corp PLC’s analysts are positive. Out of 34 Wall Street analysts rating Noble Corp PLC, 9 give it “Buy”, 8 “Sell” rating, while 17 recommend “Hold”. The lowest target is $2.5000 while the high is $20.0. The stock’s average target of $8.51 is 47.49% above today’s ($5.77) share price. NE was included in 92 notes of analysts from July 31, 2015. Jefferies maintained Noble Corporation plc (NYSE:NE) rating on Thursday, January 4. Jefferies has “Buy” rating and $6.0 target. As per Friday, October 7, the company rating was downgraded by Seaport Global Securities. On Thursday, July 6 the stock rating was downgraded by Bernstein to “Underperform”. On Friday, May 20 the stock rating was downgraded by Argus Research to “Hold”. HSBC initiated it with “Buy” rating and $5.3 target in Thursday, October 19 report. The stock has “Buy” rating by Jefferies on Friday, June 30. The stock has “Buy” rating by Citigroup on Wednesday, January 11. The stock of Noble Corporation plc (NYSE:NE) has “Accumulate” rating given on Monday, March 14 by Seaport Global. On Tuesday, October 20 the stock rating was initiated by Citigroup with “Neutral”. As per Friday, March 11, the company rating was maintained by RBC Capital Markets.

More notable recent Noble Corporation plc (NYSE:NE) news were published by: which released: “Noble Corporation Reported Earnings, and Offshore Drilling Stocks Are Up Big Today” on May 05, 2017, also with their article: “Noble Corp. – Invest Ahead Of The Q2 Report – Here’s How” published on July 25, 2017, published: “3 Value Stocks for Smart Investors” on June 22, 2017. More interesting news about Noble Corporation plc (NYSE:NE) were released by: and their article: “Here’s Why Seadrill Ltd Stock Went Up 30% — Then Down 25% — in October” published on November 15, 2016 as well as‘s news article titled: “Trade of the Day: Noble Corporation Ordinary Shares (UK) (NYSE:NE)” with publication date: April 12, 2016.

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