Stocks of Noble Corp Plc (NYSE:NE) traded higher last session on Wall Street, down -2.68% to $22.52.
NE stock price is now -26.11% away from the 50-day moving average and -38.60% away from the 200-day moving average. The market capitalization of the company currently stands at $3.58B.
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With the price target reduced from $64 to $41, Evercore ISI Downgraded its rating from Outperform to In-line for Noble Corp Plc (NYSE: NE). On December 06, 2024, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $37, while ‘The Benchmark Company’ rates the stock as ‘Hold’
In other news, SLEDGE CHARLES M, Director bought 8,992 shares of the company’s stock on Feb 20 ’25. The stock was bought for $250,247 at an average price of $27.83. Upon completion of the transaction, the Director now directly owns 38,361 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, EVP and CFO Barker Richard B. bought 8,000 shares of the business’s stock. A total of $223,520 was incurred on buying the stock at an average price of $27.94. This leaves the insider owning 298,505 shares of the company worth $6.72 million. A total of 21.26% of the company’s stock is owned by insiders.
During the past 12 months, Noble Corp Plc has had a low of $22.49 and a high of $52.15. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.48, and a quick ratio of 1.48.
The net profit margin was 14.66% and return on equity was 10.46% for NE. The company reported revenue of $927.34 million for the quarter, compared to $642.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.23 percent.
