Press coverage about Noble (NYSE:NE) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noble earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.2165223454752 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Noble Co. (NE) Short Interest Update (americanbankingnews.com)
- $272.54 Million in Sales Expected for Noble Co. (NE) This Quarter (americanbankingnews.com)
- Noble (NE) PT Set at $5.00 by Cowen (americanbankingnews.com)
- Noble (NE) Given a $5.00 Price Target by Susquehanna Bancshares Analysts (americanbankingnews.com)
- Noble Corp (NE) Announces Retirement of CEO David Williams; Names Julie Robertson as Successor (streetinsider.com)
Noble (NYSE NE) opened at $5.77 on Tuesday. The stock has a market capitalization of $1,410.00, a P/E ratio of -0.79 and a beta of 2.34. Noble has a twelve month low of $3.14 and a twelve month high of $7.76. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.64.
Noble (NYSE:NE) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share for the quarter, meeting the consensus estimate of ($0.36). Noble had a negative return on equity of 3.94% and a negative net margin of 136.22%. The business had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $269.61 million. During the same period last year, the business earned ($0.23) EPS. The business’s revenue was down 30.9% on a year-over-year basis. sell-side analysts anticipate that Noble will post -1.18 earnings per share for the current fiscal year.
Several research firms have commented on NE. Cowen set a $5.00 target price on shares of Noble and gave the stock a “hold” rating in a research report on Thursday, January 11th. Susquehanna Bancshares set a $5.00 target price on shares of Noble and gave the company a “hold” rating in a research note on Friday. Piper Jaffray Companies restated an “underweight” rating on shares of Noble in a research report on Thursday, January 11th. Jefferies Group set a $6.00 price objective on shares of Noble and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada set a $5.00 price objective on shares of Noble and gave the company a “hold” rating in a research note on Sunday, November 12th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. Noble currently has a consensus rating of “Hold” and a consensus target price of $5.41.
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Noble Company Profile
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
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