Taking On Challenges And Growing? – Noble Corp Plc (NE)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that NOBLE CORPORATION PLC ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS.

Stocks Info

As a NYSE listed company, NE falls under the Energy sector while operating within the Oil & Gas Drilling industry segment. The current market capitalization of Noble Corp Plc is $6.05B. A total of 1.61 million shares were traded on the day, compared to an average of 1.21M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 6 BUYs and 9 SELLs from insiders. Insiders purchased 16,397 shares during that period but sold 121,307.

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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Noble Corp Plc pays an annual dividend of $0.70, resulting in a dividend yield of 1.58%, and it has a price to earnings (P/E) ratio of 13.84. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NE in the last 3 months, the mean price target is $60.38 with high estimates of $65.00 and low estimates of $52.00. In terms of 52-week highs and lows, NE has a high of $55.34 and a low of $34.85.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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.