Noble Corporation Ordinary Shares (UK) (NE) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 16, 2016.
On the company’s financial health, Noble Corporation Ordinary Shares (UK) reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.08. The company had revenue of $484.00 million for the quarter, compared to analysts expectations of $514.91 million. The company’s revenue was down -37.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.
Noble Corporation Ordinary Shares (UK) opened for trading at $6.51 and hit $6.92 on the upside on Monday, eventually ending the session at $6.75, with a gain of 5.30% or 0.34 points. The heightened volatility saw the trading volume jump to 91,25,232 shares. Company has a market cap of $1,642 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.