Noble Corporation (NE) to Release Earnings on Thursday
Noble Corporation (NYSE:NE) will be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Noble Corporation to post earnings of ($0.35) per share for the quarter.
Noble Corporation (NYSE:NE) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.02. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. The firm had revenue of $278.10 million during the quarter, compared to the consensus estimate of $284.99 million. During the same period last year, the firm earned $0.01 EPS. The business’s quarterly revenue was down 68.9% compared to the same quarter last year. On average, analysts expect Noble Corporation to post $-1.24 EPS for the current fiscal year and $-1.42 EPS for the next fiscal year.
Noble Corporation (NE) opened at 3.99 on Thursday. Noble Corporation has a one year low of $3.14 and a one year high of $8.37. The company’s market capitalization is $977.16 million. The firm has a 50-day moving average of $4.04 and a 200 day moving average of $4.09.
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A number of equities analysts have weighed in on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Noble Corporation in a research report on Monday, August 7th. Cowen and Company set a $3.00 price target on shares of Noble Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 18th. HSBC Holdings plc assumed coverage on shares of Noble Corporation in a research report on Thursday, October 19th. They issued a “buy” rating and a $5.30 price target for the company. Jefferies Group LLC set a $7.00 price target on shares of Noble Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of Noble Corporation from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.56.
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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