Noble Corporation (NE) Research Coverage Started at Deutsche Bank AG

Deutsche Bank AG initiated coverage on shares of Noble Corporation (NYSE:NE) in a research note published on Tuesday morning, MarketBeat reports. The firm issued a hold rating and a $4.00 target price on the oil and gas company’s stock.

Several other analysts have also issued reports on NE. Seaport Global Securities reaffirmed a neutral rating on shares of Noble Corporation in a research note on Monday, August 7th. Jefferies Group LLC set a $7.00 target price on Noble Corporation and gave the stock a buy rating in a research note on Saturday, July 1st. Royal Bank Of Canada set a $5.00 target price on Noble Corporation and gave the stock a hold rating in a research note on Saturday, October 7th. Goldman Sachs Group, Inc. (The) raised Noble Corporation to a sell rating in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies set a $4.00 target price on Noble Corporation and gave the stock a hold rating in a research note on Monday, August 7th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $5.67.

Noble Corporation (NYSE:NE) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.02. The business had revenue of $278.10 million during the quarter, compared to analyst estimates of $284.99 million. Noble Corporation had a negative return on equity of 3.19% and a negative net margin of 122.04%. Noble Corporation’s revenue for the quarter was down 68.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share.

TRADEMARK VIOLATION WARNING: “Noble Corporation (NE) Research Coverage Started at Deutsche Bank AG” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/2958117/noble-corporation-ne-research-coverage-started-at-deutsche-bank-ag.html.

Institutional investors have recently added to or reduced their stakes in the stock. Founders Capital Management boosted its position in shares of Noble Corporation by 95.9% during the second quarter. Founders Capital Management now owns 30,270 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 14,820 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Noble Corporation during the second quarter valued at $117,000. Teacher Retirement System of Texas boosted its position in shares of Noble Corporation by 16.8% during the first quarter. Teacher Retirement System of Texas now owns 19,601 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 2,816 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Noble Corporation by 109.3% during the second quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 16,400 shares during the last quarter. Finally, Brave Asset Management Inc. boosted its position in shares of Noble Corporation by 40.0% during the second quarter. Brave Asset Management Inc. now owns 35,000 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 10,000 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

Noble Corporation Company Profile

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Analyst Recommendations for Noble Corporation (NYSE:NE)

Receive News & Ratings for Noble Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.