Large Outflow of Money Witnessed in Noble Corporation

Shares of Noble Corporation (NE) traded 0.13 points or 1.93% higher at $6.88.The total intraday money flow for the shares came in at a disappointing $(-5.16) million. The total upticks amounted to $9 million and the total downticks were approximately $14.15 million, with the up/down ratio of 0.64. On a different note, the shares have seen -4.44% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $3.29 million in upticks and an outflow of $7.96 million in downticks. The up/down ratio for the block was found to be 0.41. The net money flow for the block transaction was $(-4.67) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Noble Corporation plc has dropped 8.39% in the last five trading days, however, the shares have posted positive gains of 16.22% in the last 4 weeks. Noble Corporation plc is up 39.27% in the last 3-month period. Year-to-Date the stock performance stands at 16.22%. Noble Corporation (NYSE:NE) rose 1.93% or 0.13 points on Wednesday and made its way into the gainers of the day. After trading began at $6.87 the stock was seen hitting $6.92 as a peak level and $6.63 as the lowest level. The stock ended up at $6.88. The daily volume was measured at 10,335,614 shares. The 52-week high of the share price is $13.9 and the 52-week low is $4.45. The company has a market cap of $1,673 million.

Company has reported several Insider transactions to the SEC, on Dec 27, 2016, Mary P Ricciardello (director) sold 1,663 shares at 6.16 per share price.On Mar 8, 2016, Michael A Cawley (director) sold 20,000 shares at 13.52 per share price.On Dec 29, 2015, Scott Marks (Sr. VP-Engineering) sold 21,500 shares at 12.72 per share price.

Noble Corporation Ordinary Shares (UK) Last issued its quarterly earnings results on Nov 3, 2016. The company reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $-0.19. The company had revenue of $385.15 million for the quarter, compared to analysts expectations of $410.62 million. The companys revenue was down -57.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Noble Corporation Ordinary Shares (UK) was Upgraded by Jefferies to Buy on Jan 30, 2017. Noble Corporation Ordinary Shares (UK) was Upgraded by Piper Jaffray to Neutral on Jan 25, 2017. Noble Corporation Ordinary Shares (UK) was Upgraded by BofA/Merrill to Neutral on Jan 20, 2017. Noble Corporation Ordinary Shares (UK) was Upgraded by CapitalOne to Overweight on Jan 17, 2017. Noble Corporation Ordinary Shares (UK) was Upgraded by Citigroup to Buy on Jan 11, 2017.

Noble Corporation PLC is an offshore drilling contractor for the oil and gas industry. The company offers services for drilling and work over activities and undertakes refurbishment projects for rigs. It provides services primarily in the U.S. Gulf of Mexico and Alaska, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Malaysia and Australia. Noble Corporation PLC, formerly known as Noble Corp., is based in London, United Kingdom.

Noble

Share this post

Leave a Reply