There’s No Getting Around Noble Corp Plc (NYSE: NE) Success

After Hours

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. Yahoo Finance discussed the stock recently as it posted Noble Corporation plc announces changes to its share capital for the month of February.

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Stocks Info

NE belongs to the Energy sector of the NYSE while operating in the Oil & Gas Drilling industry. The current market capitalization of Noble Corp Plc is $6.24B. A total of 0.95 million shares were traded on the day, compared to an average of 1.19M shares.

In the most recent transaction, Barker Richard B. sold 45,000 shares of NE for 42.43 per share on Feb 26 ’24. After the transaction, the EVP and CFO now owns 239,342 company shares. In a previous transaction on Sep 05 ’23, 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 ’23 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 ’23. Company shares held by the SVP, Operations now total 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Noble Corp Plc pays an annual dividend of $1.10, resulting in a dividend yield of 2.42%, and it has a price to earnings (P/E) ratio of 13.79. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 $0.56 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.7 per share and a lower estimate of $0.46. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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.

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