188,442 Shares in Noble Co. PLC (NE) Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC bought a new stake in Noble Co. PLC (NYSE:NE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 188,442 shares of the oil and gas company’s stock, valued at approximately $1,325,000. Sterling Capital Management LLC owned 0.08% of Noble as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NE. Welch & Forbes LLC purchased a new position in Noble during the third quarter worth about $115,000. NumerixS Investment Technologies Inc purchased a new position in Noble during the second quarter worth about $229,000. Laurion Capital Management LP purchased a new position in Noble during the second quarter worth about $284,000. LMR Partners LLP purchased a new position in Noble during the second quarter worth about $317,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Noble during the second quarter worth about $330,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

A number of equities analysts have commented on the stock. Barclays downgraded shares of Noble from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $4.00 to $5.00 in a research note on Thursday, August 9th. Seaport Global Securities set a $5.00 target price on shares of Noble and gave the stock a “hold” rating in a research note on Monday, August 6th. Zacks Investment Research raised shares of Noble from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Wednesday, August 1st. Nordea Equity Research raised shares of Noble from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Finally, BTIG Research assumed coverage on shares of Noble in a research note on Monday, September 17th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.24.

Shares of NE opened at $4.69 on Friday. Noble Co. PLC has a 1-year low of $3.39 and a 1-year high of $7.44. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -4.11 and a beta of 2.45. The company has a quick ratio of 2.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.83.

Noble (NYSE:NE) last announced its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.02. Noble had a negative net margin of 79.51% and a negative return on equity of 8.26%. The business had revenue of $279.41 million during the quarter, compared to analysts’ expectations of $263.19 million. During the same period last year, the business earned ($0.36) earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that Noble Co. PLC will post -1.85 earnings per share for the current fiscal year.

WARNING: “188,442 Shares in Noble Co. PLC (NE) Acquired by Sterling Capital Management LLC” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://sportsperspectives.com/2018/11/09/188442-shares-in-noble-co-plc-ne-acquired-by-sterling-capital-management-llc.html.

Noble Company Profile

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

Featured Story: Return on Investment (ROI) Defined, Explained

Want to see what other hedge funds are holding NE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Co. PLC (NYSE:NE).

Institutional Ownership by Quarter for Noble (NYSE:NE)

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

Leave a Reply