Noble Corp PLC (NYSE:NE) Institutional Investor Sentiment Is 0.78

January 14, 2018 - By Peter Erickson

 Noble Corp PLC (NYSE:NE) Institutional Investor Sentiment Is 0.78

Sentiment for Noble Corp PLC (NYSE:NE)

Noble Corp PLC (NYSE:NE) institutional sentiment decreased to 0.78 in 2017 Q3. Its down -0.17, from 0.95 in 2017Q2. The ratio worsened, as 97 hedge funds opened new or increased stock positions, while 125 cut down and sold stakes in Noble Corp PLC. The hedge funds in our partner’s database now hold: 208.64 million shares, down from 225.69 million shares in 2017Q2. Also, the number of hedge funds holding Noble Corp PLC in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 51 Reduced: 74 Increased: 59 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. The firm earned “Underweight” rating on Friday, March 11 by Piper Jaffray. The firm has “Neutral” rating by Bank of America given on Tuesday, August 16. The firm earned “Underperform” rating on Friday, December 16 by RBC Capital Markets. The stock of Noble Corporation plc (NYSE:NE) earned “Hold” rating by Piper Jaffray on Thursday, August 3. The stock has “Buy” rating by Jefferies on Friday, June 30. The company was downgraded on Monday, January 11 by Cowen & Co. Societe Generale upgraded the stock to “Buy” rating in Tuesday, February 14 report. The firm has “Hold” rating by Cowen & Co given on Thursday, August 3. The rating was upgraded by Jefferies on Monday, January 30 to “Buy”. The firm has “Neutral” rating given on Wednesday, June 21 by Seaport Global.

More notable recent Noble Corporation plc (NYSE:NE) news were published by: Seekingalpha.com which released: “Noble Corp.: Complete Fleet Analysis After Paragon Offshore Spin-Off And …” on July 16, 2014, also Fool.com with their article: “A Big Wall Street Upgrade for These Offshore Drillers: Buy or Sell?” published on September 26, 2017, Investorplace.com published: “Trade of the Day: Noble Corporation Ordinary Shares (UK) (NYSE:NE)” on April 12, 2016. More interesting news about Noble Corporation plc (NYSE:NE) were released by: Seekingalpha.com and their article: “Noble Corp. – Invest Ahead Of The Q2 Report – Here’s How” published on July 25, 2017 as well as Fool.com‘s news article titled: “Here’s Why These 3 Offshore Drilling Stocks Sank 16% or More Last Month” with publication date: September 13, 2017.

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