Goldman Sachs Upgrades Noble Corporation Ordinary Shares (UK) to Neutral

Brokerage firm Goldman Sachs Upgrades its rating on Noble Corporation Ordinary Shares (UK)(NYSE:NE). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Goldman Sachs was issued on Sep 21, 2016.

In a different note, On Aug 25, 2016, Citigroup said it Maintains its rating on Noble Corporation Ordinary Shares (UK). In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 16, 2016, Bank of America said it Upgrades its rating on Noble Corporation Ordinary Shares (UK). The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Argus Research said it Downgrades its rating on Noble Corporation Ordinary Shares (UK). The shares have been rated ‘Sell’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on Noble Corporation Ordinary Shares (UK). In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Hold’ by the firm.

Noble Corporation Ordinary Shares (UK) (NE) shares turned negative on Tuesdays trading session with the shares closing down -0.12 points or -2.29% at a volume of 90,97,415. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.369. The peak price level was also seen at $5.369 while the days lowest was $5.09. Finally the shares closed at $5.12. The 52-week high of the shares is $14.64 while the 52-week low is $5.09. According to the latest information available, the market cap of the company is $1,245 M.

Noble Corporation Ordinary Shares (UK)(NE) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $502.00M. Analysts had an estimated revenue of $520.22M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Michael A Cawley (director) sold 20,000 shares at $13.52 per share price.Also, On Dec 29, 2015, Scott Marks (Sr. VP-Engineering) sold 21,500 shares at $12.72 per share price.On Sep 30, 2015, Bernie G. Wolford (Sr. VP-Operations) purchased 10,000 shares at $10.82 per share price, according to the Form-4 filing with the securities and exchange commission.

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