News articles about Noble Corporation (NYSE:NE) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Noble Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 47.0689225702226 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Noble Corp. -4% following weak Q3 results – Seeking Alpha (seekingalpha.com)
- Noble Corporation (NE) Releases Quarterly Earnings Results, Meets Expectations (americanbankingnews.com)
- EARNINGS SUMMARY: Details of Noble Corp. Q3 Earnings Report (rttnews.com)
- Noble Plc (NE) Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Noble Corporation plc Reports Third Quarter 2017 Results (finance.yahoo.com)
Several equities research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sell” rating and set a $5.00 price target on shares of Noble Corporation in a report on Thursday, July 20th. UBS AG upgraded Noble Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $4.00 to $6.00 in a research report on Monday, September 25th. Zacks Investment Research upgraded Noble Corporation from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Wednesday, October 18th. Deutsche Bank AG assumed coverage on Noble Corporation in a research report on Tuesday, October 10th. They issued a “hold” rating and a $4.00 price objective for the company. Finally, ValuEngine cut Noble Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.56.
Noble Corporation (NE) traded down $0.02 on Friday, hitting $4.09. The company had a trading volume of 7,320,445 shares, compared to its average volume of 6,622,764. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62. Noble Corporation has a fifty-two week low of $3.14 and a fifty-two week high of $8.37.
Noble Corporation (NYSE:NE) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.36) EPS for the quarter, meeting analysts’ consensus estimates of ($0.36). The business had revenue of $266.20 million for the quarter, compared to analyst estimates of $269.61 million. Noble Corporation had a negative return on equity of 3.90% and a negative net margin of 136.22%. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. equities analysts predict that Noble Corporation will post -1.18 earnings per share for the current fiscal year.
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Noble Corporation 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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