Press coverage about Noble (NYSE:NE) has trended somewhat positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Noble earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 47.3747189772888 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
Noble (NE) opened at $4.11 on Friday. The company has a market capitalization of $984.64, a price-to-earnings ratio of -1.94 and a beta of 2.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.75 and a quick ratio of 1.75. Noble has a 12-month low of $3.14 and a 12-month high of $6.46.
Noble (NYSE:NE) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.04. The company had revenue of $329.59 million for the quarter, compared to the consensus estimate of $285.67 million. Noble had a negative return on equity of 4.61% and a negative net margin of 41.76%. Noble’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) EPS. equities research analysts expect that Noble will post -1.8 earnings per share for the current fiscal year.
Several research firms have recently weighed in on NE. Cowen reissued a “hold” rating and set a $4.00 target price on shares of Noble in a research report on Thursday. Zacks Investment Research downgraded Noble from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Piper Jaffray Companies set a $3.00 target price on Noble and gave the company a “sell” rating in a research report on Monday, February 26th. Argus raised Noble from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Jefferies Group set a $6.00 target price on Noble and gave the company a “buy” rating in a research report on Thursday, January 4th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.90.
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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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