Noble Corporation Sees Unusually Large Options Volume (NE)

Marco Green
July 9, 2017

Noble Corporation has a 1-year low of $3.35 and a 1-year high of $8.98. The company's past year sales total was 502000. About 8.48 million shares traded.

Noble Corporation plc (NE) will report its next earnings on Aug 03 AMC. It has underperformed by 63.36% the S&P500. They set a "hold" rating on the stock. Therefore 64% are positive.

Now we will discuss the financial strength of Noble Corporation plc. The company now has an average rating of "Hold" and a consensus price target of $6.32.

UNT has been the topic of several analyst reports. The firm has "Buy" rating given on Wednesday, May 25 by Jefferies. Tudor Pickering started coverage on Noble Corporation in a research report on Thursday, March 23rd. The rating was downgraded by Bank of America to "Underperform" on Friday, June 30. As per Wednesday, September 30, the company rating was maintained by Deutsche Bank.

Noble Corporation plc (NE) has a market capitalization of 922.46 Million which suggests the company is a huge company further suggesting that the shares of Noble Corporation plc (NE) are stable and safe compared to the lower market capitalization companies. Simmons & Co downgraded the shares of NE in report on Friday, March 11 to "Underweight" rating. KLR Group raised shares of Unit Corporation from a "reduce" rating to a "buy" rating and set a $21.00 price objective on the stock in a research note on Friday, May 5th. Jfs Wealth Advisors Ltd Liability Corp invested in 6,763 shares or 0.01% of the stock. Its down 0.17, from 1.02 in 2016Q3. It is negative, as 51 investors sold Noble Corporation Ordinary Shares (UK) shares while 107 reduced holdings.

While looking at the Stock's Performance, Noble Corporation plc now shows a Weekly Performance of -5.88%, where Monthly Performance is -16.19%, Quarterly performance is -41.91%, 6 Months performance is -46.83% and yearly performance percentage is -57.18%. 326.16 million shares or 2.74% more from 317.45 million shares in 2016Q3 were reported. Thrivent Financial for Lutherans increased its position in shares of Noble Corporation by 7.3% in the fourth quarter.

Unit Corporation (NYSE:UNT) last posted its earnings results on Thursday, May 4th. State Board Of Administration Of Florida Retirement Systems holds 116,380 shares or 0% of its portfolio. Blackrock Inc. owns $88.77 million in Noble Corporation plc, which represents roughly 9.87% of the company's market cap and approximately 9.81% of the institutional ownership. Clinton Group stated it has 134,093 shares or 0.05% of all its holdings. The legal version of this report can be viewed at Previously Noble Corp (NYSE:NE) reported $-0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.19 by $0.02 with surprise factor of 10.5%. Ls Investment Advsrs has 0.01% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Moreover, Raymond James And Associate has 0.01% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE). VP-Operations; Wolford Bernie G. added a total of 10,000 shares at an average price of $10.82, amounting to approximately $108,200. Oakworth has invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Two analysts have provided estimates for Unit Corporation's earnings. During the same period in the prior year, the company earned $0.31 earnings per share. The oil and gas company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.08.

Investors sentiment decreased to 0.8 in Q4 2016. These ratios are important while doing valuation of the company or the shares of the company. Css Limited Liability Corp Il holds 0% or 14,926 shares in its portfolio. North Star Mngmt, a Illinois-based fund reported 3,844 shares. Cambridge Investment Rech Advisors holds 0.01% or 50,301 shares in its portfolio. Chevy Chase Hldg Inc holds 0.3% or 197,142 shares.

Jump Trading Llc increased Ishares Msci Emerging Markets Etf (Call) (EEM) stake by 22,600 shares to 41,900 valued at $1.47M in 2016Q4. Ishares Nasdaq Biotech Etf (IBB) was reduced too.

Since January 9, 2017, it had 2 insider buys, and 5 selling transactions for $4.84 million activity. The insider now directly owns 49,916 shares worth $175,704. On Monday, May 1 Preete Kerry J sold $1.33M worth of Monsanto Company (NYSE:MON) or 11,346 shares. Vounatsos Michel had bought 1,402 shares worth $380,433 on Monday, May 1.

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