Home / Street Sector / Stocks Highjack By Analysts Estimates: Noble Corporation (NYSE:NE), Diamond Offshore Drilling (NYSE:DO)

Stocks Highjack By Analysts Estimates: Noble Corporation (NYSE:NE), Diamond Offshore Drilling (NYSE:DO)

Noble Corporation plc (NYSE:NE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 2.78% to close at $5.55 with the total traded volume of 12.02 Million shares.

Analyst’s ratings play a vital role in defining a stock’s performance for the day. Let us check out how WSJ analysts have ranked NE for quarterly and monthly. For recent position, 6 analysts have ranked the NE with Buy ratings.  Looking over the last month situation it was ranked as “Buy” by 5 analysts. But the stock was ranked Underweight by 2 number of analysts in current phase while overall the consensus rank was for Hold.

Glancing over stock’s performance with EPS trend, the current quarter estimates trends for EPS by pool of analysts was $-0.18 and for one month ago was $-0.18, as Q1 2017 Trends estimate stands at $-0.15, according to WSJ analytic reports.

The firm has institutional ownership of 94.50%, while insider ownership included 0.73%. Its price to sales ratio ended at 0.49. NE attains analyst recommendation of 3.30 with week performance of 12.35%.

Diamond Offshore Drilling, Inc. (NYSE:DO) [Trend Analysis] surged reacts as active mover, shares a gain remains unchanged to traded at $16.81 and the percentage gap between open changing to regular change was 0.77%.

The stock got a shaky start early morning on analyst’s remarks. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.11 for the DO while maintaining high price target of 26 and average of 16.77, as reported by WSJ.

For the next year first quarter, analysts predicted EPS estimates trend of $0.31 which would leave an impact on the stock performance in coming months. In the ratings chart, 3 analysts gave ratings of underweight for the previous quarter while 2 gave underweight for current period. In addition, for the current month 21 number of analysts gave ratings for hold as compared to last month 20 number of analysts stood in same position. The overall pool of consensus ranking was for Hold in current month as it was Hold security in previous month.

The firm’s current ratio calculated as 1 for the most recent quarter. The firm past twelve months price to sales ratio was 1.31 and price to cash ratio remained 28.36. As far as the returns are concern, the return on equity was recorded as -18.90% and return on investment was -2.90% while its return on asset stayed at -10.90%. The firm has total debt to equity ratio measured as 0.60.


About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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