Citigroup Reconfirms a Neutral Rating on Noble (NE) and $5.9 Target; Expedia Has 0.89 Sentiment

Expedia Group, Inc. (NASDAQ:EXPE) Logo

In a research note issued to clients and investors on 21 June, Noble (NYSE:NE) stock had its Neutral Rating restate by equity analysts at Citigroup. They currently have a $5.9 target price per share on company. Citigroup’s target means a potential upside of 6.88% from the company’s previous close.

Expedia Inc (EXPE) investors sentiment decreased to 0.89 in Q1 2018. It’s down -0.17, from 1.06 in 2017Q4. The ratio dropped, as 218 institutional investors started new and increased equity positions, while 245 decreased and sold positions in Expedia Inc. The institutional investors in our database reported: 116.20 million shares, down from 118.55 million shares in 2017Q4. Also, the number of institutional investors holding Expedia Inc in top ten equity positions decreased from 18 to 12 for a decrease of 6. Sold All: 75 Reduced: 170 Increased: 145 New Position: 73.

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.01, from 1.02 in 2017Q4. It turned negative, as 30 investors sold Noble Corporation plc shares while 67 reduced holdings. 35 funds opened positions while 63 raised stakes. 203.13 million shares or 2.85% less from 209.10 million shares in 2017Q4 were reported. The Washington-based Parametric Portfolio Assocs Lc has invested 0% in Noble Corporation plc (NYSE:NE). Automobile Association stated it has 0% of its portfolio in Noble Corporation plc (NYSE:NE). Principal Gru has invested 0.01% in Noble Corporation plc (NYSE:NE). Blackrock has 35.88 million shares. The New York-based Highbridge Ltd Liability has invested 0% in Noble Corporation plc (NYSE:NE). Texas Permanent School Fund stated it has 0.01% in Noble Corporation plc (NYSE:NE). Tci Wealth Advsrs Inc reported 483 shares stake. Shah Management reported 4.55% in Noble Corporation plc (NYSE:NE). Advsr Asset Mngmt holds 0% of its portfolio in Noble Corporation plc (NYSE:NE) for 4,309 shares. Fifth Third Bancshares holds 0% of its portfolio in Noble Corporation plc (NYSE:NE) for 106,100 shares. Thompson Siegel Walmsley Limited Co invested in 0% or 1,000 shares. Pacific Invest Management Comm invested in 637,159 shares or 0.53% of the stock. Contrarius Investment Mngmt accumulated 6.56 million shares. Advisory Svcs Ntwk Ltd holds 0% or 1 shares. Gsa Cap Prtn Llp holds 0.01% or 57,743 shares in its portfolio.

Noble Corporation plc operates as an offshore drilling contractor for the gas and oil industry worldwide. The company has market cap of $1.36 billion. It owns and operates a fleet of mobile offshore drilling units. It currently has negative earnings. As of February 23, 2017, the firm operated a fleet of 28 offshore drilling units consisted of 14 drill ships, and semisubmersibles and 14 jack ups.

More notable recent Noble Corporation plc (NYSE:NE) news were published by: Seekingalpha.com which released: “Attempting To Crack The Noble Riddle” on June 18, 2018, also Seekingalpha.com with their article: “Noble Corp.: Improved Financial Parameters” published on May 26, 2018, Seekingalpha.com published: “Noble: Improving Industry Conditions To Benefit The Company” on June 21, 2018. More interesting news about Noble Corporation plc (NYSE:NE) were released by: Seekingalpha.com and their article: “Noble Corp.: Discussing June Fleet Status Report” published on June 08, 2018 as well as Benzinga.com‘s news article titled: “Bernstein Upgrades Noble, Updates On North American Oil Players” with publication date: June 06, 2018.

Analysts await Noble Corporation plc (NYSE:NE) to report earnings on August, 2. They expect $-0.46 EPS, down 48.39% or $0.15 from last year’s $-0.31 per share. After $-0.55 actual EPS reported by Noble Corporation plc for the previous quarter, Wall Street now forecasts -16.36% EPS growth.

The stock increased 3.76% or $0.2 during the last trading session, reaching $5.52. About 4.63M shares traded. Noble Corporation plc (NYSE:NE) has risen 28.74% since June 21, 2017 and is uptrending. It has outperformed by 16.17% the S&P500. Some Historical NE News: 23/03/2018 – Noble Group Founder Elman Resigned Due to Differences With Board; 14/03/2018 – Noble warns investors over new rescue plan; 13/03/2018 – [NOBL] NOBLE GROUP LIMITED – REQUEST FOR LIFTING OF TRADING HAL; 05/04/2018 – GOLDILOCKS WELCOMES SINGAPORE REGULATOR’S COMMENTS ON NOBLE GRP; 12/04/2018 – Noble Group’s restructuring plan surpasses approval mark; 24/04/2018 – NOBLE GROUP SAYS RESCUE PLAN FAIR AND FAVOURABLE TO HOLDERS; 22/03/2018 – Creditors Owning Half of Noble’s Debt Support Proposed Restructuring; 07/05/2018 – Noble Corp Presenting at Conference May 15; 18/04/2018 – GOLDILOCKS PROPOSES 5 DIRECTOR NOMINEES FOR NOBLE GROUP BOARD; 22/05/2018 – NOBLE GROUP – REFERS TO PROPOSED DISPOSAL BY UNIT, NOBLE RESOURCES INTERNATIONAL PTE, OF MARKETING & OFFTAKE DEAL TO TRICON DRY CHEMICALS LLC

Among 34 analysts covering Noble Corp PLC (NYSE:NE), 9 have Buy rating, 7 Sell and 18 Hold. Therefore 26% are positive. Noble Corp PLC has $20.0 highest and $2.5000 lowest target. $7.76’s average target is 40.58% above currents $5.52 stock price. Noble Corp PLC had 103 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Sell” rating by Argus Research given on Wednesday, August 10. Piper Jaffray maintained the stock with “Hold” rating in Thursday, October 19 report. Societe Generale downgraded the stock to “Hold” rating in Monday, October 3 report. As per Wednesday, March 16, the company rating was maintained by Citigroup. The rating was downgraded by Seaport Global to “Neutral” on Wednesday, June 21. Citigroup maintained it with “Neutral” rating and $6.50 target in Thursday, August 25 report. Credit Suisse maintained Noble Corporation plc (NYSE:NE) on Monday, April 24 with “Buy” rating. CapitalOne upgraded the stock to “Overweight” rating in Tuesday, January 17 report. The rating was maintained by Cowen & Co on Thursday, August 3 with “Hold”. The stock of Noble Corporation plc (NYSE:NE) has “Mkt Perform” rating given on Friday, December 2 by Bernstein.

Kerrisdale Advisers Llc holds 18.68% of its portfolio in Expedia Group, Inc. for 243,204 shares. Stonerise Capital Management Llc owns 85,750 shares or 15.12% of their US portfolio. Moreover, Altimeter Capital Management Lp has 10.75% invested in the company for 1.96 million shares. The Massachusetts-based Par Capital Management Inc has invested 9.84% in the stock. Kenmare Capital Partners L.L.C., a New York-based fund reported 49,499 shares.

Analysts await Expedia Group, Inc. (NASDAQ:EXPE) to report earnings on July, 26. They expect $0.53 earnings per share, down 19.70% or $0.13 from last year’s $0.66 per share. EXPE’s profit will be $79.58M for 58.92 P/E if the $0.53 EPS becomes a reality. After $-0.69 actual earnings per share reported by Expedia Group, Inc. for the previous quarter, Wall Street now forecasts -176.81% EPS growth.

The stock increased 0.18% or $0.23 during the last trading session, reaching $124.9. About 825,895 shares traded. Expedia Group, Inc. (EXPE) has declined 19.04% since June 21, 2017 and is downtrending. It has underperformed by 31.61% the S&P500. Some Historical EXPE News: ; 11/04/2018 – VANCOUVER ALSO TALKING TO EXPEDIA, TRIPADVISOR ON HOME SHARING; 15/05/2018 – Fir Tree Adds FirstEnergy, Exits Expedia, Cuts NXP Semi: 13F; 26/04/2018 – EXPEDIA GROUP INC QTRLY ADJ SHR LOSS $0.36; 09/04/2018 – Driving loyalty through customer experience is the future for travel, says research survey by Expedia Affiliate Network and Points; 26/04/2018 – EXPEDIA GROUP INC EXPE.O – QTRLY ROOM NIGHT GROWTH 15 PCT VS 12 PCT LAST YEAR; 22/05/2018 – Expedia Conference Call Scheduled By Aliya Capital for May. 30; 27/04/2018 – Expedia CEO on Growth Strategy, HomeAway and Bookings (Video); 12/04/2018 – Expedia Group to Webcast First Quarter 2018 Results on April 26, 2018; 13/04/2018 – Calamos Adds Humana, Exits Expedia, Cuts Wells Fargo: 13F; 31/05/2018 – Top Ford Executive Tapped for Key Speaking Role at Women in Automotive Conference

More important recent Expedia Group, Inc. (NASDAQ:EXPE) news were published by: Forbes.com which released: “After A Strong Start To The Year, What We Expect From Expedia In 2018” on May 29, 2018, also Investorplace.com published article titled: “20 Nasdaq-100 Stocks That Will Heat Up 2H18”, Seekingalpha.com published: “Booking Holdings: Great Business Despite Increasing Competition” on May 30, 2018. More interesting news about Expedia Group, Inc. (NASDAQ:EXPE) was released by: Marketwatch.com and their article: “Why PayPal is paying $400 million for Hyperwallet” with publication date: June 19, 2018.

Ratings analysis reveals 78% of Expedia’s analysts are positive. Out of 9 Wall Street analysts rating Expedia, 7 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. The lowest target is $116.0 while the high is $165.0. The stock’s average target of $144.33 is 15.56% above today’s ($124.9) share price. EXPE was included in 9 notes of analysts from October 7, 2016. On Wednesday, January 4 the stock rating was initiated by Needham with “Buy”. On Monday, October 24 the stock rating was maintained by Benchmark with “Buy”. The firm has “Positive” rating by Susquehanna given on Thursday, October 20. The stock has “Sell” rating by Stifel Nicolaus on Friday, October 28. Miller Tabak initiated the stock with “Buy” rating in Wednesday, January 18 report. On Tuesday, January 10 the stock rating was initiated by Citigroup with “Sell”. CLSA initiated Expedia Group, Inc. (NASDAQ:EXPE) rating on Thursday, December 8. CLSA has “Outperform” rating and $145.0 target. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 7 report. The firm has “Overweight” rating given on Thursday, October 20 by Pacific Crest.

Expedia Group, Inc. (NASDAQ:EXPE) Institutional Positions Chart