Noble Corporation (NYSE:NE) Given Price Target Of $7.873


As per Noble Corporation (NYSE:NE)’s news release on 2016-07-22, its shareholders will get cash dividend of $0.02 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-01 and 2016-08-08, respectively.

The stock will commence trading ex-dividend from 2016-07-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Noble Corporation (NYSE:NE) disbursed $0.02 in dividend compared to distribution of $0.02, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -76.5047%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Noble Corporation (NYSE:NE) to attain a price target of $7.873. It is an average estimate figure given by 15 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $11. The low price range is set at $3.6 for next year while the arithmetic mean is seen at 3.25.

Eyeing Earnings Noble Corporation (NYSE:NE) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.15 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Noble Corporation (NYSE:NE) earnings came at $0.01 suggesting a deviation of $-0.06. The brokerages targeted EPS of $0.07 for the quarter.

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