Media stories about Noble (NYSE:NE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Noble earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.8391346727448 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Noble Corporation plc Announces Pricing And Upsizing Of Offering Of Senior Guaranteed Notes (prnewswire.com)
- Noble Holding International Limited — Moody’s rates Noble Holding International’s new senior notes B2 (finance.yahoo.com)
- Noble Corporation plc Announces Offering Of Senior Guaranteed Notes (finance.yahoo.com)
- Noble Corporation plc Announces Cash Tender Offers For Senior Notes By Wholly-Owned Subsidiary (finance.yahoo.com)
- These Energy Stocks Rose with Oil Prices Last Week (finance.yahoo.com)
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Noble from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Susquehanna Bancshares set a $5.00 price objective on shares of Noble and gave the stock a “hold” rating in a research report on Friday, January 12th. Cowen set a $5.00 price objective on shares of Noble and gave the stock a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated an “underweight” rating on shares of Noble in a research report on Thursday, January 11th. Finally, Jefferies Group set a $6.00 price objective on shares of Noble and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. Noble currently has a consensus rating of “Hold” and a consensus price target of $5.41.
Noble (NYSE NE) opened at $5.10 on Friday. Noble has a 1 year low of $3.14 and a 1 year high of $7.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $1,249.33, a PE ratio of -0.69 and a beta of 2.34.
Noble (NYSE:NE) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share for the quarter, hitting the consensus estimate of ($0.36). Noble had a negative net margin of 136.22% and a negative return on equity of 3.94%. The firm had revenue of $266.20 million during the quarter, compared to the consensus estimate of $269.61 million. During the same quarter in the prior year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. analysts forecast that Noble will post -1.18 earnings per share for the current year.
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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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