News coverage about Noble (NYSE:NE) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative news 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 positive one, with scores nearest to one being the most favorable. Noble earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.2908576871609 out of 100, meaning that recent news 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 effected Accern Sentiment’s rankings:

Noble (NE) opened at $4.46 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 1.58. Noble has a 52-week low of $3.14 and a 52-week high of $8.37.

Noble (NYSE:NE) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.36). The business had revenue of $266.20 million for the quarter, compared to the consensus estimate of $269.61 million. Noble had a negative net margin of 136.22% and a negative return on equity of 3.94%. The firm’s quarterly revenue was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) EPS. sell-side analysts forecast that Noble will post -1.17 earnings per share for the current year.

A number of equities research analysts have weighed in on NE shares. ValuEngine upgraded shares of Noble from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Royal Bank Of Canada set a $5.00 target price on shares of Noble and gave the company a “hold” rating in a research note on Sunday, November 12th. Piper Jaffray Companies restated a “hold” rating and issued a $2.85 target price on shares of Noble in a research note on Sunday, October 22nd. Deutsche Bank started coverage on shares of Noble in a research note on Tuesday, October 10th. They issued a “hold” rating and a $4.00 target price on the stock. Finally, started coverage on shares of Noble in a research note on Thursday, October 19th. They issued a “buy” rating and a $5.30 target price on the stock. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.56.

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Noble 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.

Insider Buying and Selling by Quarter for Noble (NYSE:NE)

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