Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Noble Corp Plc (NYSE: NE) closed the day trading at $46.21 down -1.81% from the previous closing price of $47.06. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 1.0 million shares were traded. NE stock price reached its highest trading level at $47.57 during the session, while it also had its lowest trading level at $46.17.
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 17.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.45. 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 Mar 11 ’24 when ALTING CAROLINE sold 7,274 shares for $44.60 per share. The transaction valued at 324,410 led to the insider holds 0 shares of the business.
Barker Richard B. sold 45,000 shares of NE for $1,909,350 on Feb 26 ’24. The EVP and CFO now owns 239,342 shares after completing the transaction at $42.43 per share. On Sep 05 ’23, another insider, ALTING CAROLINE, who serves as the SVP, Operational Excellence of the company, sold 3,138 shares for $51.96 each. As a result, the insider received 163,050 and left with 1,553 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 6599527424 and an Enterprise Value of 6848325632. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.00, and their Forward P/E ratio for the next fiscal year is 8.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 2.782 whereas that against EBITDA is 8.456.
Stock Price History:
The Beta on a monthly basis for NE is 1.03, which has changed by 0.23062587 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. 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 0.45%, while the 200-Day Moving Average is calculated to be -3.09%.
Shares Statistics:
Over the past 3-months, NE traded about 1.14M shares per day on average, while over the past 10 days, NE traded about 1118010 shares per day. A total of 140.77M shares are outstanding, with a floating share count of 107.24M. Insiders hold about 21.77% of the company’s shares, while institutions hold 73.05% stake in the company. Shares short for NE as of 1711584000 were 7290240 with a Short Ratio of 6.38, compared to 1709164800 on 6417321. Therefore, it implies a Short% of Shares Outstanding of 7290240 and a Short% of Float of 6.370000000000001.
Dividends & Splits
NE’s forward annual dividend rate is 1.10, up from 0.7 a year ago.
Earnings Estimates
At present, 5 analysts are actively evaluating the performance of Noble Corp Plc (NE) in the stock market.On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.7 and a low estimate of $0.3, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.7, with high estimates of $0.99 and low estimates of $0.51.
Analysts are recommending an EPS of between $4.39 and $3.02 for the fiscal current year, implying an average EPS of $3.5. EPS for the following year is $5.78, with 8 analysts recommending between $7.3 and $5.35.
Revenue Estimates
8 analysts predict $591.87M in revenue for the current quarter. It ranges from a high estimate of $635M to a low estimate of $539M. As of the current estimate, Noble Corp Plc’s year-ago sales were $4.14B, an estimated decrease of -85.70% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $640.69M, an increase of 0.30% over than the figure of -$85.70% in the same quarter last year. There is a high estimate of $690M for the next quarter, whereas the lowest estimate is $613M.
A total of 11 analysts have provided revenue estimates for NE’s current fiscal year. The highest revenue estimate was $2.84B, while the lowest revenue estimate was $2.55B, resulting in an average revenue estimate of $2.66B. In the same quarter a year ago, actual revenue was $2.59B, up 2.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $3.1B in the next fiscal year. The high estimate is $3.24B and the low estimate is $3B. The average revenue growth estimate for next year is up 16.40% from the average revenue estimate for this year.
