Tomahawk, WI 05/16/2014 (Basicsmedia) – Noble Corporation New Common Stock – Switzerland (NYSE:NE), an offshore contractor operating with its fleet comprising 77 mobile drilling units for oil and gas, has fared through thick and thin, plummeting low in trade operations over the past four quarters.
About Earnings and Revenues
Lately, on April 16, 2014, Switzerland based NE issued the earnings and revenues for the quarter. The company has denoted earnings per share or EPS worth $0.99 and revenues estimating to $1.25 billion. In Q1-2013, the company had notified about procuring $0.59 EPS. However, it must be borne in mind that the quarterly revenue shot down by 24.2% YoY in Q1-2014, in comparison to that in Q1-2013.
It must be reckoned that the stock has had a 50 day average estimating to $30.45. In terms of financial reach, NE has market capitalization amounting to $7.593 billion and a significant Price-to-Earnings ratio estimating to 8.657. The stock has recorded the highest price of $42.34 and lowest of $28.67 in the past 52 weeks! This clearly shows how the stock has paved way through various anomalies – sometimes fluttering high and at times keeping low!
Noble Corporation New Common Stock – Switzerland (NYSE:NE) has also declared quarterly dividend on May 5, 2014, amounting to $0.375 per share. Summarily, NE stockholders have secured $1.50 dividends on a yearly basis, showing a significant yield of 4.85%. NE further forecasted that the FY 2014 is deemed to bring sumptuous capital expenses worth $2.6 Billion.
NE Turning Bearish?
In April, NE improved its grip on Opex; this might result in significant reduction of mobilization and sustained reduction in the repair and maintenance costs. Pushing towards restructuring, NE is trying to target Paragon Offshore towards the end of 2014. However,after analysis propagated by Morgan Stanley in recent times about the performance of the NE stocks, dubbing NE as ‘Equal Weight’ stocks, seemed to have affected the company’s performance turning bearish!
The CEO’s Stakes!
On May 14, 2014, the CEO, President and Chairman of NE, David W. Williams is reported to have acquired 10K shares in a particular transaction, purchased at $30.64 per share, summarily amounting to investments worth $306,400.00.
Following this purchase, the CEO is slated to owns 380,282 shares currently in Noble Corporation New Common Stock – Switzerland (NYSE:NE), holistically amounting to $11,651,840. The details pertaining to this acquisition has been duly disclosed in a complete document that is filed with the United States Securities and Exchange Commission.