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In the latest session, Noble Corp Plc (NYSE: NE) closed at $39.65 down -0.60% from its previous closing price of $39.89. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 2.18 million shares were traded. NE stock price reached its highest trading level at $40.28 during the session, while it also had its lowest trading level at $39.285.
Ratios:
For a deeper understanding of Noble Corp Plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 15 ’24 when APMH Invest A/S bought 104,445 shares for $46.63 per share. The transaction valued at 4,870,429 led to the insider holds 29,020,703 shares of the business.
APMH Invest A/S bought 324,984 shares of NE for $14,796,522 on Jul 12 ’24. The 10% Owner now owns 28,916,258 shares after completing the transaction at $45.53 per share. On Jul 11 ’24, another insider, APMH Invest A/S, who serves as the 10% Owner of the company, bought 208,589 shares for $44.35 each. As a result, the insider paid 9,251,072 and bolstered with 28,591,274 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 5666738688 and an Enterprise Value of 6125925888. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.66, and their Forward P/E ratio for the next fiscal year is 7.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 2.399 whereas that against EBITDA is 6.528.
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 $39.54. The 50-Day Moving Average of the stock is -11.95%, while the 200-Day Moving Average is calculated to be -13.38%.
Shares Statistics:
For the past three months, NE has traded an average of 1.25M shares per day and 1629060 over the past ten days. A total of 140.77M shares are outstanding, with a floating share count of 110.92M. Insiders hold about 22.39% of the company’s shares, while institutions hold 74.52% stake in the company. Shares short for NE as of 1721001600 were 9799733 with a Short Ratio of 7.83, compared to 1718323200 on 7011650. Therefore, it implies a Short% of Shares Outstanding of 9799733 and a Short% of Float of 8.64.
Dividends & Splits
According to the company, the forward annual dividend rate for NE is 1.50, from 1.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.037603408
Earnings Estimates
Investors are keenly observing as 7.0 analysts analyze and rate the current performance of Noble Corp Plc (NE) in the stock market.The consensus estimate for the next quarter is $1.13, with high estimates of $1.4 and low estimates of $0.96.
Analysts are recommending an EPS of between $3.44 and $2.92 for the fiscal current year, implying an average EPS of $3.18. EPS for the following year is $5.34, with 9.0 analysts recommending between $6.25 and $4.74.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $684.89M this quarter.It ranges from a high estimate of $710M to a low estimate of $656M. As of the current estimate, Noble Corp Plc’s year-ago sales were $639.15MFor the next quarter, 9 analysts are estimating revenue of $700.18M. There is a high estimate of $792M for the next quarter, whereas the lowest estimate is $663.7M.
A total of 13 analysts have provided revenue estimates for NE’s current fiscal year. The highest revenue estimate was $2.77B, while the lowest revenue estimate was $2.56B, resulting in an average revenue estimate of $2.67B. In the same quarter a year ago, actual revenue was $2.59BBased on 13 analysts’ estimates, the company’s revenue will be $3.06B in the next fiscal year. The high estimate is $3.25B and the low estimate is $2.79B.
