Today: Today: Capital One Financial Corp. lowers the estimated FY2016 for Noble Corp. (NE)

Today: Capital One Financial Corp. lowers the estimated FY2016 for Noble Corp. (NE)

Noble Corp. (NYSE:NE) – Equities research analysts at Capital One Financial Corp. lowered their FY2016 earnings per share (EPS) estimates for Noble Corp. in a report released on Wednesday. Capital One Financial Corp. analyst J. Gibney now expects that the brokerage will post earnings per share of ($0.23) for the year, down from their previous forecast of ($0.14). Capital One Financial Corp. also issued estimates for Noble Corp.’s Q4 2016 earnings at ($0.34) EPS.

Other research analysts have also recently issued reports about the stock. Evercore ISI reaffirmed a “buy” rating on shares of Noble Corp. in a research report on Thursday, September 22nd. Vetr cut shares of Noble Corp. from a “strong-buy” rating to a “buy” rating and set a $7.10 price target on the stock. in a research report on Thursday, September 8th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $10.00 price target on shares of Noble Corp. in a research report on Thursday, September 1st. Societe Generale cut shares of Noble Corp. from a “buy” rating to a “hold” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Monday, October 3rd. Finally, Jefferies Group reduced their price target on shares of Noble Corp. from $7.50 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, September 28th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.27.

Noble Corp. (NYSE:NE) opened at 5.72 on Monday. Noble Corp. has a one year low of $4.45 and a one year high of $13.90. The stock has a 50 day moving average of $5.50 and a 200 day moving average of $6.95. The firm has a market cap of $1.39 billion, a PE ratio of 6.63 and a beta of 2.10.

Large investors have recently modified their holdings of the company. Babson Capital Management LLC boosted its stake in shares of Noble Corp. by 2.6% in the first quarter. Babson Capital Management LLC now owns 66,900 shares of the company’s stock valued at $692,000 after buying an additional 1,700 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Noble Corp. by 26.2% in the second quarter. BNP Paribas Arbitrage SA now owns 271,463 shares of the company’s stock valued at $2,237,000 after buying an additional 56,435 shares during the period. Creative Planning boosted its stake in shares of Noble Corp. by 19.4% in the second quarter. Creative Planning now owns 40,371 shares of the company’s stock valued at $333,000 after buying an additional 6,548 shares during the period. Denali Advisors LLC acquired a new stake in shares of Noble Corp. during the second quarter valued at approximately $299,000. Finally, First Manhattan Co. boosted its stake in shares of Noble Corp. by 2.9% in the second quarter. First Manhattan Co. now owns 112,023 shares of the company’s stock valued at $923,000 after buying an additional 3,117 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Noble Corp. Company Profile

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