Citi Sticks to Their Hold Rating for Noble Corporation (NE)

Citi analyst Scott Gruber maintained a Hold rating on Noble Corporation yesterday and set a price target of $32.00. The company’s shares closed yesterday at $30.23.

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Gruber covers the Energy sector, focusing on stocks such as Propetro Holding, Noble Corporation, and Atlas Energy Solutions. According to TipRanks, Gruber has an average return of 11.4% and a 55.90% success rate on recommended stocks.

Noble Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $32.33.

NE market cap is currently $4.81B and has a P/E ratio of 15.72.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NE in relation to earlier this year. Last month, Blake Denton, the SVP, Marketing & Contracts of NE sold 29,729.00 shares for a total of $885,329.62.