Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Noble Corporation (NYSE:NE) Share Price
Media coverage about Noble Corporation (NYSE:NE) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Noble Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.4894704800948 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Noble Corporation (NE) Upgraded at Goldman Sachs Group, Inc (joshnaijablog.com)
- Alliancebernstein LP Decreases Stake in Noble Corporation (NYSE:NE) (lazeresportes.com)
- Transocean: Analysts’ Recommendations after Its Earnings (finance.yahoo.com)
- UBS Group AG Increases Position in Noble Corporation (NE) (newstrendstoday.com)
- Shares Trading Near the 52-Week Low Noble Corporation plc (NYSE:NE) (footballhebdo.com)
Several equities analysts have weighed in on the company. Nomura raised Noble Corporation 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. Seaport Global Securities lowered Noble Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $5.00 to $3.50 in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) raised Noble Corporation to a “sell” rating in a research note on Wednesday. Instinet raised Noble Corporation from a “reduce” rating to a “neutral” rating and increased their target price for the company from $4.35 to $5.00 in a research note on Thursday, May 18th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $10.00 target price on shares of Noble Corporation in a research note on Friday, April 21st. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Noble Corporation has an average rating of “Hold” and a consensus price target of $6.10.
Noble Corporation (NE) opened at 3.46 on Friday. Noble Corporation has a 12 month low of $3.27 and a 12 month high of $8.37. The firm’s market capitalization is $847.36 million. The company’s 50-day moving average price is $3.82 and its 200 day moving average price is $5.13.
Noble Corporation (NYSE:NE) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. Noble Corporation had a negative return on equity of 3.19% and a negative net margin of 122.04%. The business had revenue of $278.10 million during the quarter, compared to analyst estimates of $284.99 million. During the same period in the previous year, the company posted $0.01 EPS. The firm’s revenue was down 68.9% compared to the same quarter last year. On average, equities research analysts predict that Noble Corporation will post ($1.29) earnings per share for the current year.
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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