Societe Generale Upgrades Noble Corporation Ordinary Shares (UK) to Buy

Brokerage firm Societe Generale Upgrades its rating on Noble Corporation Ordinary Shares (UK)(NE). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Societe Generale was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 2, 2017, Morgan Stanley said it Upgrades its rating on Noble Corporation Ordinary Shares (UK). According to the research note, Morgan Stanley Raises the price target to $8 per share from a prior target of $6. The shares have been rated ‘Equal-Weight’ by the firm. On Jan 30, 2017, Jefferies said it Downgrades its rating on Noble Corporation Ordinary Shares (UK). The shares have been rated ‘Hold’ by the firm. On Jan 25, 2017, PiperJaffray said it Upgrades its rating on Noble Corporation Ordinary Shares (UK). The shares have been rated ‘Neutral’ by the firm. On Jan 20, 2017, Bank of America said it Upgrades its rating on Noble Corporation Ordinary Shares (UK). The shares have been rated ‘Neutral’ by the firm. On Jan 17, 2017, Capital One Financial said it Upgrades its rating on Noble Corporation Ordinary Shares (UK). The shares have been rated ‘Overweight’ by the firm. On Jan 9, 2017, Barclays said it Upgrades its rating on Noble Corporation Ordinary Shares (UK). According to the research note, Barclays Raises the price target to $7 per share from a prior target of $6. The shares have been rated ‘Equal-Weight’ by the firm.

Noble Corporation Ordinary Shares (UK) (NE) shares turned negative on Wednesdays trading session with the shares closing down -0.21 points or -2.94% at a volume of 1,18,66,913. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.11. The peak price level was also seen at $7.11 while the days lowest was $6.85. Finally the shares closed at $6.93. The 52-week high of the shares is $13.9 while the 52-week low is $4.45. According to the latest information available, the market cap of the company is $1,686 M.

Noble Corporation Ordinary Shares (UK)(NE) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $393.781M. Analysts had an estimated revenue of $391.670M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.22.

Several Insider Transactions has been reported to the SEC. On Dec 27, 2016, Mary P Ricciardello (director) sold 1,663 shares at $6.16 per share price.Also, On Mar 8, 2016, Michael A Cawley (director) sold 20,000 shares at $13.52 per share price.On Dec 29, 2015, Scott Marks (Sr. VP-Engineering) sold 21,500 shares at $12.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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