With 4.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.9 million shares. The 52-week range on NE shows that it touched its highest point at $52.15 and its lowest point at $22.49 during that stretch. It currently has a 1-year price target of $36.80. With its current market cap of 3.58 billion, NE has annualized dividend of $2.30 while the current yield stands at 10.21%. Beta for the stock currently stands at 1.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NE was down-trending over the past week, with a drop of -14.14%, but this was down by -28.37% over a month. Three-month performance dropped to -32.72% while six-month performance fell -40.97%. The stock lost -48.06% in the past year, while it has lost -28.28% so far this year. A look at the trailing 12-month EPS for NE yields 2.99 with Next year EPS estimates of 2.79. For the next quarter, that number is 0.43. This implies an EPS growth rate of -21.96% for this year and 55.41% for next year.
Float and Shares Shorts:
At present, 158.95 million NE shares are outstanding with a float of 125.34 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NE since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.00366 being high and $2.71147 being low. For NE, this leads to a yearly average estimate of $2.86341. Based on analyst estimates, the high estimate for the next quarter is $0.63 and the low estimate is $0.4. The average estimate for the next quarter is thus $0.54.
Summary of Insider Activity:
Insiders traded NE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
