News coverage about Noble Corporation (NYSE:NE) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Noble Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.2568503534807 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Shares of Noble Corporation (NE) traded down $0.07 during mid-day trading on Friday, reaching $4.10. 9,078,600 shares of the company’s stock were exchanged, compared to its average volume of 10,385,290. 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 Corporation has a 1-year low of $3.14 and a 1-year high of $8.37.
Noble Corporation (NYSE:NE) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.36). Noble Corporation had a negative net margin of 136.22% and a negative return on equity of 3.94%. The business had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $269.61 million. During the same quarter in the previous year, the firm posted ($0.23) EPS. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. sell-side analysts expect that Noble Corporation will post -1.17 EPS for the current fiscal year.
A number of research firms have issued reports on NE. Argus reiterated a “sell” rating and set a $6.00 price target on shares of Noble Corporation in a research note on Friday, August 18th. The Goldman Sachs Group, Inc. upgraded Noble Corporation to a “sell” rating in a research note on Wednesday, August 9th. Seaport Global Securities reiterated a “neutral” rating on shares of Noble Corporation in a research note on Monday, August 7th. Royal Bank Of Canada restated a “sell” rating and issued a $5.00 target price on shares of Noble Corporation in a research note on Thursday, July 20th. Finally, ValuEngine downgraded Noble Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.56.
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About Noble Corporation
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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