Noble (NYSE:NE) Receiving Somewhat Favorable Media Coverage, Analysis Shows

Press coverage about Noble (NYSE:NE) has trended somewhat positive on Saturday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Noble earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 47.3747189772888 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of equities analysts recently issued reports on NE shares. Jefferies Group set a $6.00 price objective on shares of Noble and gave the stock a “buy” rating in a report on Thursday, January 4th. Argus raised shares of Noble from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. Cowen set a $5.00 price target on shares of Noble and gave the company a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $5.00 price target on shares of Noble and gave the company a “hold” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada set a $5.00 price target on shares of Noble and gave the company a “hold” rating in a report on Thursday, December 21st. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $4.74.

NE stock traded down $0.04 during trading on Friday, hitting $3.98. 5,263,052 shares of the stock traded hands, compared to its average volume of 4,788,297. The company has a market capitalization of $992.04, a PE ratio of -1.88 and a beta of 2.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.75 and a current ratio of 1.75. Noble has a 52-week low of $3.14 and a 52-week high of $6.46.

Noble (NYSE:NE) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.04. The firm had revenue of $329.59 million for the quarter, compared to analysts’ expectations of $285.67 million. Noble had a negative net margin of 41.76% and a negative return on equity of 4.61%. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) earnings per share. sell-side analysts expect that Noble will post -1.8 earnings per share for the current fiscal year.

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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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