Background: Noble operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. The company was founded in 1921 and is based in Baar, Switzerland. Noble trades an average of 3.2 million shares per day with a marketcap of $9 billion.
52-Week Range: $28.73 to $41.71Book Value: $29.63 Price to Book: 1.2 The third-quarter Oct. 17 earnings announcement is highly anticipated by hopeful investors. The analysts' mean profit appraisal is presently 51 cents a share, a gain of 2 cents (3.9%) from 49 cents during the corresponding quarter last year. Estimates from analysts range from a low of 42 cents per share, up to 77 cents per share. Thirty-six analysts rate Noble a buy or strong buy out of 41 analysts. The company has three holds, and one recommends selling. Twelve out of 41 analysts now rate Noble a strong buy up from 11 analysts a month ago. Analyst upgrades are substantially impressive for a company with as many buy recommendations as Noble already enjoys. In the last year, the stock appreciated 18.7%, and the average analyst target price is $47.29. The 200-day moving average is climbing, albeit, with a price that is testing the 200-day support level. Noble passed the first test of support; however, stocks rarely go through support on the first try. I would proceed with caution, and if holding shares, I would seriously consider hedging your position. Shareholders receive about 56 cents annually in dividend payments. The yield based on a recent price is 1.58%. Based on the last reported short interest of the float, the short interest is inconsequential and not a concern at 2.6%. NE Revenue Quarterly data by YCharts
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV