Noble Stock Hits New 52-Week Low (NE)

NEW YORK ( TheStreet) -- Noble Corporation (NYSE: NE) hit a new 52-week low Tuesday as it is currently trading at $27.52, below its previous 52-week low of $27.68 with 893,901 shares traded as of 10:26 a.m. ET. Average volume has been 4.6 million shares over the past 30 days.

Noble has a market cap of $7.4 billion and is part of the basic materials sector and energy industry. Shares are down 20.1% year to date as of the close of trading on Monday.

Noble Corporation operates as an offshore drilling contractor for the oil and gas industry worldwide. It involves in the contract drilling of oil and gas wells. The company's fleet consists of 14 semisubmersibles, 12 drillships, 45 jackups, and two submersibles. The company has a P/E ratio of 25.1, below the average energy industry P/E ratio of 25.3 and above the S&P 500 P/E ratio of 17.7.
  • Practice your NE trading strategies and win cash in our stock game.

TheStreet Ratings rates Noble as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Noble Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers