Noble (NE) to Release Quarterly Earnings on Wednesday

Noble (NYSE:NE) is set to announce its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.33) per share for the quarter.

Shares of Noble (NE) opened at $3.92 on Wednesday. The company has a market capitalization of $989.67, a price-to-earnings ratio of -0.54 and a beta of 2.22. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.64. Noble has a fifty-two week low of $3.14 and a fifty-two week high of $7.76.

A number of equities research analysts have commented on NE shares. Zacks Investment Research upgraded Noble from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Wednesday, October 18th. started coverage on Noble in a report on Thursday, October 19th. They set a “buy” rating and a $5.30 target price on the stock. Cowen set a $3.00 target price on Noble and gave the company a “hold” rating in a report on Wednesday, October 18th. Piper Jaffray Companies reiterated a “hold” rating and set a $2.85 target price on shares of Noble in a report on Sunday, October 22nd. Finally, Royal Bank of Canada set a $5.00 target price on Noble and gave the company a “hold” rating in a report on Sunday, November 12th. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $4.97.

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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.

Earnings History for Noble (NYSE:NE)

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