Stock News Buzz: Noble Corporation plc (NYSE:NE)

Noble Corporation plc (NYSE:NE) spotted trading -74.60% off 52-week high price. On the other end, the stock has been noted 90.91% away from the low price over the last 52-weeks. The stock changed -3.57% to recent value of $1.89. The stock transacted 3693371 shares during most recent day however it has an average volume of 5977.07K shares. The company has 269.14M of outstanding shares and 245.04M shares were floated in the market.  

Noble Corporation plc (NYSE:NE) announced that Adam C. Peakes, Senior Vice President and Chief Financial Officer resigned effective September 9, 2019.  A search for Mr. Peakes’ replacement has begun.  In the interim, Mr. Peakes’ direct reports, including those individuals responsible for the Company’s Treasury and Financial Reporting activities, will report directly to Julie J. Robertson, Chairman, President and Chief Executive Officer of Noble Corporation plc.

Ms. Robertson, stated, “Adam has helped Noble navigate the financial challenges the industry faces and to position the Company to benefit as the market improves.  We thank him for his efforts and wish Adam the best of luck in his future endeavors.  We are fortunate that we can count on a strong finance and accounting team that will continue to guide the Company and are pleased to have solid liquidity and an improving business.”

 Its earnings per share (EPS) expected to touch remained -40.80% for this year while earning per share for the next 5-years is expected to reach at 2.10%. NE has a gross margin of 37.20% and an operating margin of -12.70% while its profit margin remained -29.00% for the last 12 months. 

 According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 22.77% from the mean of 20 days, 10.33% from mean of 50 days SMA and performed -25.78% from mean of 200 days price. Company’s performance for the week was 8.00%, 56.20% for month and YTD performance remained -27.86%.

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