With 2.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.83 million shares. The 52-week range on NE shows that it touched its highest point at $48.74 and its lowest point at $17.40 during that stretch. It currently has a 1-year price target of $31.40. With its current market cap of 3.69 billion, NE has annualized dividend of $1.90 while the current yield stands at 8.17%. Beta for the stock currently stands at 1.08.
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 -4.67%, but this was up by 16.53% over a month. Three-month performance dropped to -13.60% while six-month performance fell -30.69%. The stock lost -51.56% in the past year, while it has lost -25.92% so far this year. A look at the trailing 12-month EPS for NE yields 3.00 with Next year EPS estimates of 1.98. For the next quarter, that number is 0.53. This implies an EPS growth rate of -38.25% for this year and 39.31% for next year.
Float and Shares Shorts:
At present, 158.77 million NE shares are outstanding with a float of 124.75 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 $0.54 and the low estimate is $0.23. The average estimate for the next quarter is thus $0.34.
