A number of other equities analysts have also commented on NE. ValuEngine upgraded shares of Noble from a strong sell rating to a sell rating in a report on Friday, September 1st. Cowen reiterated a hold rating and set a $3.00 price target on shares of Noble in a report on Tuesday, September 5th. UBS upgraded shares of Noble from a neutral rating to a buy rating and lifted their price target for the stock from $4.00 to $6.00 in a report on Monday, September 25th. Deutsche Bank initiated coverage on shares of Noble in a report on Tuesday, October 10th. They issued a hold rating and a $4.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Noble from a hold rating to a buy rating and set a $4.50 target price on the stock in a report on Wednesday, October 18th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $5.62.
Shares of Noble (NYSE NE) traded up $0.17 during trading hours on Thursday, hitting $4.17. 12,651,200 shares of the stock were exchanged, compared to its average volume of 10,094,860. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.64. Noble has a 52 week low of $3.14 and a 52 week high of $7.80.
A number of institutional investors and hedge funds have recently bought and sold shares of NE. Cubist Systematic Strategies LLC bought a new stake in shares of Noble during the third quarter worth about $102,000. Pinebridge Investments L.P. bought a new stake in shares of Noble during the second quarter worth about $117,000. BlueCrest Capital Management Ltd increased its position in shares of Noble by 179.0% during the second quarter. BlueCrest Capital Management Ltd now owns 42,652 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 27,365 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Noble during the third quarter worth about $161,000. Finally, ProShare Advisors LLC increased its position in shares of Noble by 9.1% during the second quarter. ProShare Advisors LLC now owns 48,685 shares of the oil and gas company’s stock worth $176,000 after acquiring an additional 4,047 shares in the last quarter. 86.80% of the stock is owned by hedge funds and other institutional investors.
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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