Headlines about Noble (NYSE:NE) have been trending positive on Thursday, according to AlphaOne Sentiment. AlphaOne, a service of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Noble earned a news impact score of 0.39 on AlphaOne’s scale. AlphaOne also assigned media coverage about the oil and gas company an impact score of 81 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have impacted AlphaOne’s rankings:

Shares of Noble (NYSE:NE) traded up 1.73% on Thursday, hitting $4.12. The stock had a trading volume of 11,036,121 shares. Noble has a one year low of $3.83 and a one year high of $9.73. The company’s market capitalization is $1.01 billion. The firm has a 50 day moving average price of $4.76 and a 200 day moving average price of $6.08.

Noble (NYSE:NE) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.02. The company had revenue of $363 million during the quarter, compared to analyst estimates of $368.25 million. The business’s revenue for the quarter was down 40.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. On average, equities research analysts predict that Noble will post ($1.25) earnings per share for the current fiscal year.

NE has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Noble in a research note on Friday, April 14th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $10.00 target price on shares of Noble in a research note on Friday, April 21st. Seaport Global Securities raised Noble from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 7th. BMO Capital Markets set a $5.00 target price on Noble and gave the company a “sell” rating in a research note on Tuesday, April 18th. Finally, Nomura raised Noble from a “reduce” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Thursday, May 18th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.16.

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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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