Noble Corporation Ordinary Shares (UK) is Upgraded by Societe Generale to ” Buy”

Noble Corporation Ordinary Shares (UK) (NE) was Upgraded by Societe Generale to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Societe Generale advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Noble Corporation Ordinary Shares (UK) reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 9, 2017. Analyst had a consensus of $-0.22. The company had revenue of $410.16 million for the quarter, compared to analysts expectations of $391.93 million. The company’s revenue was down -52.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Several company insiders have filed Insider transactions , on Dec 27, 2016, Mary P Ricciardello (director) sold 1,663 shares at $6.16 per share price. According to the SEC, on Mar 8, 2016, Michael A Cawley (director) sold 20,000 shares at $13.52 per share price. On Dec 29, 2015, Scott Marks (Sr. VP-Engineering) sold 21,500 shares at $12.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Noble Corporation Ordinary Shares (UK) opened for trading at $7.09 and hit $7.6 on the upside on Friday, eventually ending the session at $7.31, with a gain of 10.26% or 0.68 points. The heightened volatility saw the trading volume jump to 2,35,37,841 shares. Company has a market cap of $1,778 M.

Noble Corporation Ordinary Shares (UK)

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