Home Markets Dividend Growth of Noble Corporation(NE)

Dividend Growth of Noble Corporation(NE)


Noble Corporation(NE) is having a Dividend Yield of 0.55% with the Annual cash Dividend per share of $0.19. Noble Corporation has a 5 year average dividend yield of 4% and the stock has a Indicated annual dividend of $0.04. Noble Corporation(NE) formally announced its most recent dividend on July 22, 2016 with a Dividend per share of $0.02. The new indicated annual dividend based on announced dividend per share is $0.04. The dividend yield based on the forward looking indicated annual dividend is 0.55%. Noble Corporation(NE) has the most recent dividend payout ratio of 0.13 with a 5-year average payout ratio of 0.32. The 5 year historical dividend growth of Noble Corporation(NE) is at the rate of -25.01% while the R-Squared dividend growth is 0.16. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Noble Corporation (NYSE:NE) witnessed a decline in the market cap on Thursday as its shares dropped 2.05% or 0.15 points. After the session commenced at $7.33, the stock reached the higher end at $7.4 while it hit a low of $7.09. With the volume soaring to 15,270,436 shares, the last trade was called at $7.17. The company has a 52-week high of $13.9. The company has a market cap of $1,744 million and there are 243,233,370 shares in outstanding. The 52-week low of the share price is $4.45. Shares of Noble Corporation plc rose by 8.14% in the last five trading days and 0.42% for the last 4 weeks. Noble Corporation plc is up 31.32% in the last 3-month period. Year-to-Date the stock performance stands at 21.11%.

Currently the company Insiders own 1.4% of Noble Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.34% . Institutional Investors own 91.66% of Noble Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -1.34%. 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.

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 Societe Generale to Buy on Feb 14, 2017. Noble Corporation Ordinary Shares (UK) was Upgraded by Morgan Stanley to Equal-Weight on Feb 2, 2017. 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) Last issued its quarterly earnings results on Feb 9, 2017. The company reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $-0.22. The company had revenue of $410.16 million for the quarter, compared to analysts expectations of $391.93 million. The companys revenue was down -52.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

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.



Please enter your comment!
Please enter your name here