The Question Is Whether To Buy Or Not To Buy Noble Corp Plc (NYSE: NE)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Noble Corporation plc announces changes to its share capital for the month of February.

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Stocks Info

Noble Corp Plc is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $43.36 and fluctuated between $43.73 as its day high and $42.38 as its day low. The current market capitalization of Noble Corp Plc is $5.94B. A total of 1.29 million shares were traded on the day, compared to an average of 1.22M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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, Barker Richard B. sold 45,000 shares of NE for 42.43 per share on Feb 26. After the transaction, the EVP and CFO now owns 239,342 company shares. In a previous transaction on Sep 05, ALTING CAROLINE sold 3,138 shares at 51.96 per share. NE shares that SVP, Operational Excellence owns now total 1,553.

Among the insiders who sold shares, Denton Blake disposed of 15,719 shares on Jun 07 at a per-share price of $40.45. This resulted in the SVP, Marketing & Contracts holding 0 shares of NE after the transaction. In another insider transaction, Kawaja Joey M sold 15,723 shares at $40.31 per share on Jun 07. Company shares held by the SVP, Operations now total 0.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Noble Corp Plc pays an annual dividend of $0.70, resulting in a dividend yield of 1.61%, and it has a price to earnings (P/E) ratio of 13.14. NE’s most recent ex-dividend date was 3/7/2024 when it declared a $0.40 quarterly dividend that was paid in cash on 3/21/2024. Previously, the company paid the dividend on 12/14/2023 with an ex-dividend date of 11/14/2023. The NE stock dividend was $0.40 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $0.57 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.7 per share and a lower estimate of $0.48. The company reported an EPS of $0.87 in the last quarter, which was 8.70% higher than expectations of $0.8.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $27.85, while its Total Shareholder’s Equity was $1.50B.

Analysts Opinion

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. 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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