Noble (NYSE:NE) Earns Coverage Optimism Score of 0.25

News articles about Noble (NYSE:NE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, 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 news headlines about the oil and gas company an impact score of 47.3747189772888 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

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NE has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $5.00 price objective on Noble and gave the company a “hold” rating in a report on Thursday, December 21st. ValuEngine cut Noble from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Jefferies Group set a $6.00 price objective on Noble and gave the stock a “buy” rating in a research report on Thursday, January 4th. Piper Jaffray reaffirmed an “underweight” rating on shares of Noble in a research report on Thursday, January 11th. Finally, Cowen set a $5.00 price objective on Noble and gave the stock a “hold” rating in a research report on Thursday, January 11th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.74.

Shares of NE stock traded down $0.14 during trading hours on Friday, reaching $3.71. The company’s stock had a trading volume of 4,281,196 shares, compared to its average volume of 5,149,221. The company has a market cap of $915.54, a PE ratio of -3.25 and a beta of 2.20. Noble has a fifty-two week low of $3.14 and a fifty-two week high of $6.36. 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 (NYSE:NE) last issued its earnings results on Wednesday, February 21st. The oil and gas company reported ($0.29) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.04. Noble had a negative return on equity of 4.61% and a negative net margin of 41.76%. The firm had revenue of $329.59 million for the quarter, compared to the consensus estimate of $285.67 million. During the same quarter last year, the business posted ($0.15) EPS. The company’s revenue was down 19.6% compared to the same quarter last year. equities analysts predict that Noble will post -1.82 EPS for the current fiscal year.

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Noble Company Profile

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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