Short Term Price Target on Noble Corporation (NE)

Noble Corporation (NYSE:NE) : Average target price received by Noble Corporation (NYSE:NE) is $8.77 with an expected standard deviation of $2.46. The most aggressive target on the stock is $11, whereas the most downbeat target is $2. 15 financial analysts are currently covering the stock.

Noble Corporation plc has lost 13.54% in the last five trading days and dropped 1.32% in the last 4 weeks. Noble Corporation plc has dropped 16.88% during the last 3-month period . Year-to-Date the stock performance stands at -20.18%. Also, Argus Research downgrades its view on Noble Corporation (NYSE:NE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 20, 2016.

Noble Corporation (NYSE:NE) : Zacks Investment Research ranks Noble Corporation (NYSE:NE) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 3 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 3.09, which indicates as a Hold.

Noble Corporation (NYSE:NE): The stock opened at $8.31 on Thursday but the bulls could not build on the opening and the stock topped out at $8.37 for the day. The stock traded down to $8.08 during the day, due to lack of any buying support eventually closed down at $8.24 with a loss of -1.08% for the day. The stock had closed at $8.33 on the previous day. The total traded volume was 9,811,092 shares.

In an insider trading activity,The director of Noble Corp Plc, Cawley Michael A sold 20,000 shares at $13.52 on March 7, 2016. The Insider selling transaction had a total value worth of $270,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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