Noble Corp Plc (NYSE: NE) closed the day trading at $41.81 up 0.19% from the previous closing price of $41.73. In other words, the price has increased by $+0.08 from its previous closing price. On the day, 1288597 shares were traded.
Ratios:
For a better understanding of NE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.15.
On November 28, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $62.
On July 05, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $64.Citigroup initiated its Buy rating on July 05, 2023, with a $64 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 26 when Barker Richard B. sold 45,000 shares for $42.43 per share. The transaction valued at 1,909,350 led to the insider holds 239,342 shares of the business.
ALTING CAROLINE sold 3,138 shares of NE for $163,050 on Sep 05. The SVP, Operational Excellence now owns 1,553 shares after completing the transaction at $51.96 per share. On Jun 07, another insider, Denton Blake, who serves as the SVP, Marketing & Contracts of the company, sold 15,719 shares for $40.45 each. As a result, the insider received 635,834 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NE now has a Market Capitalization of 5.96B and an Enterprise Value of 6.18B. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.67, and their Forward P/E ratio for the next fiscal year is 6.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 2.39 whereas that against EBITDA is 8.07.
Stock Price History:
Over the past 52 weeks, NE has reached a high of $55.34, while it has fallen to a 52-week low of $34.85. The 50-Day Moving Average of the stock is 44.99, while the 200-Day Moving Average is calculated to be 46.27.
Shares Statistics:
Over the past 3-months, NE traded about 1.22M shares per day on average, while over the past 10 days, NE traded about 1.3M shares per day. A total of 140.77M shares are outstanding, with a floating share count of 107.20M. Insiders hold about 21.80% of the company’s shares, while institutions hold 73.12% stake in the company. Shares short for NE as of Feb 15, 2024 were 6.67M with a Short Ratio of 5.45, compared to 6.41M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.67% and a Short% of Float of 5.83%.
Dividends & Splits
NE’s forward annual dividend rate is 0.70, up from 0.70 a year ago. Against a Trailing Annual Dividend Yield of 1.68%, it implies a Forward Annual Dividend Yield of 3.83%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.47, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.91, with high estimates of $1.32 and low estimates of $0.62.
Analysts are recommending an EPS of between $5.19 and $3.12 for the fiscal current year, implying an average EPS of $4.08. EPS for the following year is $6.25, with 9 analysts recommending between $7.78 and $5.4.
Revenue Estimates
8 analysts predict $589.19M in revenue for the current quarter. It ranges from a high estimate of $642M to a low estimate of $537.84M. As of the current estimate, Noble Corp Plc’s year-ago sales were $4.14B, an estimated decrease of -85.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $662.47M, an increase of 3.70% over than the figure of -$85.80% in the same quarter last year. There is a high estimate of $778M for the next quarter, whereas the lowest estimate is $613M.
A total of 12 analysts have provided revenue estimates for NE’s current fiscal year. The highest revenue estimate was $3.04B, while the lowest revenue estimate was $2.62B, resulting in an average revenue estimate of $2.72B. In the same quarter a year ago, actual revenue was $2.59B, up 4.90% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $3.15B in the next fiscal year. The high estimate is $3.32B and the low estimate is $3.02B. The average revenue growth estimate for next year is up 15.90% from the average revenue estimate for this year.
