News stories about Noble (NYSE:NE) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noble earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.0210056359621 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Shares of Noble (NYSE:NE) traded up $0.17 during mid-day trading on Thursday, reaching $5.32. The company had a trading volume of 9,598,899 shares, compared to its average volume of 9,010,343. The stock has a market cap of $1,300.00, a price-to-earnings ratio of -0.73 and a beta of 2.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 1.58. Noble has a one year low of $3.14 and a one year high of $7.80.
Noble (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, hitting the Zacks’ consensus estimate of ($0.36). The company had revenue of $266.20 million during the quarter, compared to analyst estimates of $269.61 million. Noble had a negative return on equity of 3.94% and a negative net margin of 136.22%. The firm’s quarterly revenue was down 30.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) EPS. equities analysts predict that Noble will post -1.18 earnings per share for the current year.
Several brokerages recently issued reports on NE. Piper Jaffray Companies reissued a “hold” rating and issued a $2.85 price objective on shares of Noble in a research note on Sunday, October 22nd. Royal Bank of Canada set a $5.00 price objective on Noble and gave the stock a “hold” rating in a research note on Thursday, December 21st. Deutsche Bank began coverage on Noble in a research note on Tuesday, October 10th. They issued a “hold” rating and a $4.00 price objective on the stock. ValuEngine cut Noble from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Cowen set a $3.00 target price on Noble and gave the company a “hold” rating in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.33.
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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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