Noble Corporation plc (NYSE:NE) went up to recover about 43.33% since recording its record low price of $1.5. The stock experienced 20.79% jump, arriving at $2.15 on 7/30/2019. During the day, the stock price traveled from $1.74 to $2.18. This company shares are 68.37% off its target price of $3.62 and the current market capitalization stands at $535.74M. The recent change has given its price a 13.74% lead over SMA 50 and -71.1% deficit over its 52-week high. The stock witnessed 14.97% gains, -18.25% declines and -34.25% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NE’s volatility during a week at 12.04% and during a month it has been found around 8.42%.

What Does Noble Corporation plc (NE) Do?

The company describes itself in regulatory filings as, “Noble Corp. Plc engages in the provision offshore drilling services for oil and gas industry. It focuses on a balanced fleet of floating and jackup rigs and the deployment of drilling rigs in oil and gas basins around the world. The company was founded by Lloyd Noble and Art Olson in 1921 and is headquartered in London, United Kingdom.” [Text can be found here: https://www.marketwatch.com/investing/stock/NE/profile under company description.]

Noble Corporation plc (NE) Top Holders

Institutional investors currently hold around $364 million or 84.2% in NE stock. Look at its top three institutional owners: Blackrock Inc. owns $69.57 million in Noble Corporation plc, which represents roughly 12.99% of the company’s market cap and approximately 19.11% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 26,849,743 shares of the stock are valued at $47.79 million. The third largest holder is Firefly Value Partners, Lp, which currently holds $30.47 million worth of this stock and that ownership represents nearly 5.69% of its market capitalization.

Noble Corporation plc 13F Filings

At the end of March reporting period, 90 institutional holders increased their position in Noble Corporation plc (NYSE:NE) by some 11,903,635 shares, 123 decreased positions by 27,536,000 and 55 held positions by 165,116,331. That puts total institutional holdings at 204,555,966 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 1,795,705 shares while 40 institutional investors sold out their entire positions totaling 9,350,868 shares.

Noble Corporation plc (NYSE:NE) Insider Trades

Multiple company employees have indulged in significant insider trading. Noble Corporation plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director RICCIARDELLO MARY P has sold 1,663 shares of Noble Corporation plc (NE) in the trading session dated Dec. 23, 2016. These shares are worth $10,244 and were traded at $6.16 each. The SEC filing shows that CAWLEY MICHAEL A performed a sale of 20,000 shares. The Director disposed these shares by way of transaction on Mar. 07, 2016. The company’s shares were given away at $13.52 per share worth to an income of some $270,400 to the account of CAWLEY MICHAEL A.

Sr. VP-Engineering, Marks Scott, sold 8,500 common shares of Noble Corporation plc (NE) in the open market. In a transaction dated Dec. 11, 2015, the shares were put up for sale at an average price of $11.91, raking in a sum of $101,235. After this sale, 52,153 common shares of NE are directly owned by the insider, with total stake valued at $112,129.

In the transaction dated Sep. 30, 2015, a great number of shares acquired came courtesy the Sr. VP-Operations; Wolford Bernie G. added a total of 10,000 shares at an average price of $10.82, amounting to approximately $108,200. The insider now directly owns 49,916 shares worth $107,319.

Noble Corporation plc (NE) Analyst Guide

Several analysts have released their opinion on Noble Corporation plc (NYSE:NE), with 3 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 9 buy, 5 sell and 2 strong sell ratings, collectively assigning a 2.8 average brokerage recommendation [T1].