The stock of Noble Corp Plc (NYSE:NE) last traded at $35.19, down -2.41% from the previous session.
NE stock price is now -17.32% away from the 50-day moving average and -21.53% away from the 200-day moving average. The market capitalization of the company currently stands at $5.03B.
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On November 28, 2023, CapitalOne recently initiated its ‘Overweight’ rating on the stock quoting a target price of $62, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, APMH Invest A/S, 10% Owner bought 324,984 shares of the company’s stock on Jul 12 ’24. The stock was bought for $14,796,522 at an average price of $45.53. Upon completion of the transaction, the 10% Owner now directly owns 28,916,258 shares in the company, valued at $1.02 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 11 ’24, 10% Owner APMH Invest A/S bought 208,589 shares of the business’s stock. A total of $9,251,072 was incurred on buying the stock at an average price of $44.35. This leaves the insider owning 28,591,274 shares of the company worth $1.01 billion. A total of 22.38% of the company’s stock is owned by insiders.
During the past 12 months, Noble Corp Plc has had a low of $35.94 and a high of $55.34. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.55, and a quick ratio of 1.55. According to the stock market information, the enterprise value for the company is $5612847616, which is based on a 8.57 price-to-earnings ratio, a 0.21 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for NE is $42.5638 and a two-hundred day moving average price translates $44.84465 for the stock.
The latest earnings results from Noble Corp Plc (NYSE: NE) was released for 2024-06-30. The net profit margin was 22.41% and return on equity was 15.54% for NE. The company reported revenue of $692.84 million for the quarter, compared to $638.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.51 percent.
