Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Noble (NE) Stock Price
Media stories about Noble (NYSE:NE) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Noble earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.8391346727448 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Noble Corporation plc Announces Pricing And Upsizing Of Offering Of Senior Guaranteed Notes (prnewswire.com)
- Noble Holding International Limited — Moody’s rates Noble Holding International’s new senior notes B2 (finance.yahoo.com)
- Noble Corporation plc Announces Offering Of Senior Guaranteed Notes (finance.yahoo.com)
- Noble Corporation plc Announces Cash Tender Offers For Senior Notes By Wholly-Owned Subsidiary (finance.yahoo.com)
- These Energy Stocks Rose with Oil Prices Last Week (finance.yahoo.com)
Noble (NE) opened at $5.10 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1,249.33, a P/E ratio of -0.69 and a beta of 2.34. Noble has a 1 year low of $3.14 and a 1 year high of $7.76.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Noble from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Cowen set a $5.00 price target on shares of Noble and gave the company a “hold” rating in a research note on Thursday, January 11th. Susquehanna Bancshares set a $5.00 price target on shares of Noble and gave the company a “hold” rating in a research note on Friday, January 12th. Piper Jaffray Companies reissued an “underweight” rating on shares of Noble in a research note on Thursday, January 11th. Finally, Jefferies Group set a $6.00 price target on shares of Noble and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.41.
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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.
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