Noble Corporation Ordinary Shares (UK) (NE) was Downgraded by Societe Generale to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Societe Generale advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Noble Corporation Ordinary Shares (UK). Noble Corporation Ordinary Shares (UK) was Initiated by Nomura to “Reduce” on Apr 8, 2016. Company shares were Reiterated by Jefferies on Apr 4, 2016 to “Hold”, Firm has raised the Price Target to $ 9 from a previous price target of $7 .Noble Corporation Ordinary Shares (UK) was Downgraded by Susquehanna to ” Neutral” on Mar 15, 2016.
On the company’s financial health, Noble Corporation Ordinary Shares (UK) reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $857.70 million for the quarter, compared to analysts expectations of $751.04 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Noble Corporation Ordinary Shares (UK) opened for trading at $9.65 and hit $9.97 on the upside on Monday, eventually ending the session at $9.77, with a gain of 2.20% or 0.21 points. The heightened volatility saw the trading volume jump to 99,18,908 shares. Company has a market cap of $2,376 M.
In a different news, on Mar 8, 2016, Michael A Cawley (director) sold 20,000 shares at $13.52 per share price. According to the SEC, on Dec 29, 2015, Scott Marks (Sr. VP-Engineering) sold 21,500 shares at $12.72 per share price. On Sep 30, 2015, Bernie G. Wolford (Sr. VP-Operations) purchased 10,000 shares at $10.82 per share price, according to the Form-4 filing with the securities and exchange commission.