Noble Corporation Ordinary Shares (UK) (NE) is Downgraded by Societe Generale to Hold

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 Oct 3, 2016.

Many Wall Street Analysts have commented on Noble Corporation Ordinary Shares (UK). Noble Corporation Ordinary Shares (UK) was Downgraded by Societe Generale to ” Hold” on Oct 3, 2016. Noble Corporation Ordinary Shares (UK) was Upgraded by Goldman to ” Neutral” on Sep 21, 2016. Noble Corporation Ordinary Shares (UK) was Resumed by Scotia Howard Weil to “Sector Perform” on Sep 14, 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 $6.36 and hit $6.45 on the upside on Friday, eventually ending the session at $6.34, with a gain of 0.63% or 0.04 points. The heightened volatility saw the trading volume jump to 1,13,24,397 shares. Company has a market cap of $1,542 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.

Noble Corporation Ordinary Shares (UK)

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