The stock of Noble Corp Plc (NYSE:NE) last traded at $18.75, down -11.56% from the previous session.
NE stock price is now -27.15% away from the 50-day moving average and -44.52% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98B.
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With the price target reduced from $64 to $41, Evercore ISI Downgraded its rating from Outperform to In-line for Noble Corp Plc (NYSE: NE). On December 06, 2024, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $37, while ‘The Benchmark Company’ rates the stock as ‘Hold’
In other news, Howard Jennie, SVP, Gen. Counsel & Corp. Sec. sold 808 shares of the company’s stock on Apr 01 ’25. The stock was sold for $19,521 at an average price of $24.16. Upon completion of the transaction, the SVP, Gen. Counsel & Corp. Sec. now directly owns 8,580 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, Director Hirshberg Al J. bought 5,000 shares of the business’s stock. A total of $115,000 was incurred on buying the stock at an average price of $23.00. This leaves the insider owning 5,000 shares of the company worth $93750.0. A total of 21.43% of the company’s stock is owned by insiders.
During the past 12 months, Noble Corp Plc has had a low of $17.40 and a high of $51.08. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.48, and a quick ratio of 1.48. According to the stock market information, the enterprise value for the company is $4778412032, which is based on a 6.28 price-to-earnings ratio, a 0.50 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for NE is $25.7384 and a two-hundred day moving average price translates $33.7979 for the stock.
The latest earnings results from Noble Corp Plc (NYSE: NE) was released for 2024-12-31. The net profit margin was 14.66% and return on equity was 10.46% for NE. The company reported revenue of $927.34 million for the quarter, compared to $642.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.23 percent.
