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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
