Raymond James Financial Services Advisors Inc. Reduces Stake in Noble Corporation (NE)

Raymond James Financial Services Advisors Inc. lowered its position in shares of Noble Corporation (NYSE:NE) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,290 shares of the oil and gas company’s stock after selling 1,615 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Noble Corporation were worth $157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in Noble Corporation by 197.4% in the first quarter. FMR LLC now owns 984,300 shares of the oil and gas company’s stock valued at $6,093,000 after purchasing an additional 653,300 shares in the last quarter. Teachers Advisors LLC raised its stake in Noble Corporation by 8.9% in the first quarter. Teachers Advisors LLC now owns 281,419 shares of the oil and gas company’s stock valued at $1,742,000 after purchasing an additional 23,067 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Noble Corporation by 1.6% in the first quarter. TIAA CREF Investment Management LLC now owns 745,736 shares of the oil and gas company’s stock valued at $4,616,000 after purchasing an additional 11,547 shares in the last quarter. Vanguard Group Inc. raised its stake in Noble Corporation by 0.9% in the first quarter. Vanguard Group Inc. now owns 20,152,512 shares of the oil and gas company’s stock valued at $124,744,000 after purchasing an additional 188,754 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Noble Corporation by 5.4% in the first quarter. Geode Capital Management LLC now owns 1,885,668 shares of the oil and gas company’s stock valued at $11,672,000 after purchasing an additional 96,028 shares in the last quarter. 94.07% of the stock is owned by institutional investors.

Shares of Noble Corporation (NYSE NE) opened at $4.25 on Wednesday. Noble Corporation has a twelve month low of $3.14 and a twelve month high of $8.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 1.58.

Noble Corporation (NYSE:NE) last announced its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.36). Noble Corporation had a negative return on equity of 3.94% and a negative net margin of 136.22%. The business had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $269.61 million. During the same period in the prior year, the business posted ($0.23) earnings per share. The firm’s revenue was down 30.9% on a year-over-year basis. equities analysts anticipate that Noble Corporation will post -1.17 EPS for the current year.

NE has been the subject of a number of analyst reports. Zacks Investment Research downgraded Noble Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $2.85 price target on shares of Noble Corporation in a research note on Sunday, October 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $5.50 price target (down previously from $7.00) on shares of Noble Corporation in a research note on Tuesday, July 18th. Argus reaffirmed a “sell” rating and issued a $6.00 price target on shares of Noble Corporation in a research note on Friday, August 18th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Noble Corporation in a research note on Monday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. Noble Corporation currently has a consensus rating of “Hold” and a consensus price target of $5.56.

ILLEGAL ACTIVITY WARNING: This article was first published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/11/15/raymond-james-financial-services-advisors-inc-reduces-stake-in-noble-corporation-ne.html.

Noble Corporation Company Profile

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

Receive News & Ratings for Noble Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply