Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Noble (NE) Share Price

News stories about Noble (NYSE:NE) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noble earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.564495703189 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of brokerages have issued reports on NE. Argus reaffirmed a “sell” rating and set a $6.00 price target on shares of Noble in a research note on Friday, August 18th. UBS raised Noble from a “neutral” rating to a “buy” rating and increased their price target for the company from $4.00 to $6.00 in a research note on Monday, September 25th. Cowen set a $3.00 price target on Noble and gave the company a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 price target on shares of Noble in a research note on Friday, September 1st. Finally, ValuEngine lowered Noble from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.56.

Shares of Noble (NYSE:NE) opened at $4.25 on Wednesday. Noble has a 1-year low of $3.14 and a 1-year high of $7.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.58 and a current ratio of 1.58.

Noble (NYSE:NE) last released its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.36). The company had revenue of $266.20 million during the quarter, compared to analyst estimates of $269.61 million. Noble had a negative return on equity of 3.94% and a negative net margin of 136.22%. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share. equities analysts predict that Noble will post -1.17 EPS for the current fiscal year.

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About Noble

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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