Press coverage about Noble Corporation (NYSE:NE) has been trending somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noble Corporation earned a news impact score of 0.03 on AlphaOne’s scale. AlphaOne also assigned news headlines about the oil and gas company an impact score of 56 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have impacted AlphaOne’s rankings:
- 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)
Shares of Noble Corporation (NE) traded down 1.57% on Friday, reaching $3.76. The company’s stock had a trading volume of 12,353,003 shares. The stock’s market cap is $920.02 million. Noble Corporation has a 12 month low of $3.65 and a 12 month high of $9.68. The firm’s 50-day moving average price is $4.33 and its 200-day moving average price is $5.93.
Noble Corporation (NYSE:NE) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.02. The firm had revenue of $363 million during the quarter, compared to the consensus estimate of $368.25 million. Noble Corporation had a negative return on equity of 1.69% and a negative net margin of 65.11%. The company’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, analysts forecast that Noble Corporation will post ($1.19) earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Deutsche Bank AG lowered their price objective on shares of Noble Corporation from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, April 18th. Citigroup Inc. downgraded shares of Noble Corporation from a “buy” rating to a “neutral” rating in a report on Friday. Scotiabank reiterated a “hold” rating and issued a $8.00 price objective on shares of Noble Corporation in a report on Wednesday, March 22nd. Tudor Pickering assumed coverage on shares of Noble Corporation in a report on Thursday, March 23rd. They issued a “hold” rating on the stock. Finally, Barclays PLC lowered their price objective on shares of Noble Corporation from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Monday, May 1st. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average 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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