Analysts Update Their Price Forecasts For Noble Corp Plc (NE)

Noble Corp Plc (NE) concluded trading on Thursday at a closing price of $33.48, with 2.96 million shares of worth about $99.12 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.85% during that period and on October 17, 2024 the price saw a gain of about 1.89%. Currently the company’s common shares owned by public are about 140.77M shares, out of which, 129.67M shares are available for trading.

Stock saw a price change of -6.06% in past 5 days and over the past one month there was a price change of -8.32%. Year-to-date (YTD), NE shares are showing a performance of -30.48% which decreased to -30.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.85 but also hit the highest price of $52.15 during that period. The average intraday trading volume for Noble Corp Plc shares is 2.11 million. The stock is currently trading -6.60% below its 20-day simple moving average (SMA20), while that difference is down -8.34% for SMA50 and it goes to -22.61% lower than SMA200.

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Noble Corp Plc (NYSE: NE) currently have 140.77M outstanding shares and institutions hold larger chunk of about 66.13% of that.

The stock has a current market capitalization of $5.37B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 8.16, while it has posted earnings per share of $4.10 in the same period. Its PEG reads 0.21 and has Quick Ratio of 1.55 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NE, volatility over the week remained 2.43% while standing at 2.58% over the month.

Stock’s fiscal year EPS is expected to rise by 2.81% while it is estimated to increase by 36.20% in next year.

Coverage by Susquehanna stated Noble Corp Plc (NE) stock as a Neutral in their note to investors on December 01, 2023, suggesting a price target of $52 for the stock. On November 28, 2023, CapitalOne Initiated their recommendations, while on July 05, 2023, Citigroup Initiated their ratings for the stock with a price target of $64. Stock get a Buy rating from The Benchmark Company on January 19, 2023.

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