Make Sure You Stick With Noble Corp Plc (NE). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Noble Corporation plc announces changes to its share capital including share repurchases for the month of December 2023.

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Stocks Info

Noble Corp Plc is listed on the NYSE in the Energy sector while operating in the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $44.58 and fluctuated between $44.88 as its day high and $44.05 as its day low. The current market capitalization of Noble Corp Plc is $6.11B. A total of 0.79 million shares were traded on the day, compared to an average of 1.26M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 21 SELLs from insiders. Insiders purchased 370,351 shares during that period but sold 261,520.

In the most recent transaction, ALTING CAROLINE sold 3,138 shares of NE for 51.96 per share on Sep 05. After the transaction, the SVP, Operational Excellence now owns 1,553 company shares. In a previous transaction on Jun 07, Denton Blake sold 15,719 shares at 40.45 per share. NE shares that SVP, Marketing & Contracts owns now total 0.

Among the insiders who sold shares, Kawaja Joey M disposed of 15,723 shares on Jun 07 at a per-share price of $40.31. This resulted in the SVP, Operations holding 0 shares of NE after the transaction. In another insider transaction, Campbell Laura D. sold 5,591 shares at $40.03 per share on Jun 01. Company shares held by the VP, CAO and Controller now total 0.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Noble Corp Plc pays an annual dividend of $0.65, resulting in a dividend yield of 1.46%, and it has a price to earnings (P/E) ratio of 13.97. NE’s most recent ex-dividend date was 11/14/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 12/14/2023. Previously, the company paid the dividend on 9/14/2023 with an ex-dividend date of 8/16/2023. The NE stock dividend was $0.30 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, NE has a high of $55.34 and a low of $34.85.

As of this writing, NE has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.36. The company reported an EPS of $0.38 in the last quarter, which was -15.60% lower than expectations of $0.45.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. NE’s latest balance sheet shows that the firm has $194.14M in Cash & Short Term Investments as of fiscal 2021. There were $216.00M in debt and $248.39M in liabilities at the time. Its Book Value Per Share was $27.18, while its Total Shareholder’s Equity was $1.50B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NE is Buy with a score of 4.71.

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