Noble Corporation Ordinary Shar (NYSE:NE):
Noble Corporation plc Announces Elimination Of Quarterly Dividend.
The company is trading down by -4.34 percent from yesterday’s close.
Additionally the company recently declared a dividend for shareholders paid on Monday August 8th, 2016. The dividend payment was $0.020 per share for the quarter which is $0.08 annualized. This dividend amount represented a yeild of $1.44. The ex-dividend date was Thursday the 28th of July 2016.
It is trading at $5.29 just below $5.79, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $7.74. The 50 day moving average was down $-0.50 or -8.68% and the 200 day average was down $-2.45.
Noble Corporation Ordinary Shar currently has a P/E ratio of 2.20 and the market cap is 1.29B. As of the last earnings report the EPS was $2.40 and is estimated to be $-0.07 for the current year with 243,218,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.20 and the next full year EPS is projected to be $-1.24.
Brokerage analysts have released opinions on Noble Corporation Ordinary Shar recently. On October 3 the company was downgraded from “Buy” to “Hold” in a report issued by Societe Generale. On September 28 Jefferies left the company rating at “Hold” and lowered the price expectation to $6.00 from $7.50.
On September 21 the company was rated “Neutral” according to a Goldman Sachs report up from the previous “Sell” rating. On September 14, 2016 Scotia Howard Weil added NE to its research portfolio with an initial rating of “Sector Perform”.
August 25 investment analysts at Citigroup made no change to the company rating of “Neutral” but moved down the price target from $11.00 to $6.50. On August 16, 2016 the stock rating was changed to a “Neutral” by Bank of America which is up from the previous “Underperform” rating.