Noble Co. (NYSE:NE) shares were down 4.5% during trading on Thursday . The company traded as low as $4.20 and last traded at $4.05. Approximately 3,007,048 shares traded hands during trading, a decline of 65% from the average daily volume of 8,625,503 shares. The stock had previously closed at $4.24.
A number of research analysts have commented on NE shares. Jefferies Group set a $6.00 price target on Noble and gave the company a “buy” rating in a research report on Thursday, January 4th. started coverage on Noble in a research report on Thursday, October 19th. They set a “buy” rating and a $5.30 price target for the company. Zacks Investment Research raised Noble from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Wednesday, October 18th. Susquehanna Bancshares set a $5.00 target price on Noble and gave the stock a “hold” rating in a report on Friday, January 12th. Finally, Cowen set a $5.00 target price on Noble and gave the stock a “hold” rating in a report on Thursday, January 11th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.24.
The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1,040.00, a P/E ratio of -0.55 and a beta of 2.22.
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Noble 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.
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