News headlines about Noble Corporation (NYSE:NE) have trended somewhat positive on Friday, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Noble Corporation earned a news impact score of 0.03 on AlphaOne’s scale. AlphaOne also gave press coverage about the oil and gas company an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Alpha One Sentiment’s analysis:
- Noble Corp – A Serious Look At The Company’s Backlog After The Last Fleet Status Release (seekingalpha.com)
- Noble Corporation (NE) Lowered to Neutral at Citigroup Inc. (americanbankingnews.com)
- (NE) With Shares Trading down at $3.82 Noble Corporation plc … – Highlight Press (highlightpress.com)
- Noble Corporation plc Provides Fleet Contract Status Update – GuruFocus.com (gurufocus.com)
- Noble Corp. Secures New Contracts – Seeking Alpha (seekingalpha.com)
Noble Corporation (NYSE NE) traded down 1.57% on Friday, reaching $3.76. 12,353,003 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $4.33 and a 200-day moving average of $5.93. Noble Corporation has a 12 month low of $3.65 and a 12 month high of $9.68. The firm’s market capitalization is $920.02 million.
Noble Corporation (NYSE:NE) last announced its earnings results on Thursday, May 4th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $363 million during the quarter, compared to analysts’ expectations of $368.25 million. Noble Corporation had a negative net margin of 65.11% and a negative return on equity of 1.69%. The firm’s revenue for the quarter was down 40.7% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. On average, equities analysts expect that Noble Corporation will post ($1.19) earnings per share for the current year.
NE has been the topic of several analyst reports. Tudor Pickering initiated coverage on shares of Noble Corporation in a research note on Thursday, March 23rd. They set a “hold” rating on the stock. Credit Suisse Group reissued a “buy” rating and issued a $10.00 target price on shares of Noble Corporation in a research report on Friday, April 21st. Jefferies Group LLC reissued a “buy” rating and issued a $9.50 target price on shares of Noble Corporation in a research report on Friday, April 7th. Seaport Global Securities raised shares of Noble Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 7th. Finally, BMO Capital Markets set a $5.00 target price on shares of Noble Corporation and gave the stock a “sell” rating in a research report on Tuesday, April 18th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Noble Corporation currently has a consensus rating of “Hold” and a consensus price target of $7.16.
About Noble Corporation
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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