Noble (NE) to Release Quarterly Earnings on Wednesday

Noble (NYSE:NE) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.33) per share for the quarter.

Shares of Noble (NYSE:NE) opened at $4.10 on Tuesday. Noble has a fifty-two week low of $3.14 and a fifty-two week high of $7.39. The company has a market capitalization of $1,000.00, a price-to-earnings ratio of -0.56 and a beta of 2.22. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.64.

NE has been the subject of several analyst reports. Zacks Investment Research downgraded Noble from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Cowen set a $5.00 target price on Noble and gave the company a “hold” rating in a report on Thursday, January 11th. Piper Jaffray Companies reaffirmed an “underweight” rating on shares of Noble in a report on Thursday, January 11th. ValuEngine downgraded Noble from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, Jefferies Group set a $6.00 target price on Noble and gave the company a “buy” rating in a report on Thursday, January 4th. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4.97.

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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.

Earnings History for Noble (NYSE:NE)

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