Noble (NE) Scheduled to Post Earnings on Wednesday

Noble (NYSE:NE) will release its earnings data after the market closes on Wednesday, October 31st. Analysts expect Noble to post earnings of ($0.45) per share for the quarter.

Noble (NYSE:NE) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.02). Noble had a negative return on equity of 7.44% and a negative net margin of 81.87%. The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.02 million. During the same period last year, the company earned ($0.32) EPS. The company’s revenue was down 7.1% compared to the same quarter last year. On average, analysts expect Noble to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

NYSE:NE opened at $4.80 on Tuesday. Noble has a twelve month low of $3.39 and a twelve month high of $7.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -4.21 and a beta of 2.24.

A number of research firms have weighed in on NE. ValuEngine downgraded Noble from a “strong-buy” rating to a “buy” rating in a research report on Monday. Cowen began coverage on Noble in a research report on Saturday, October 13th. They set a “hold” rating and a $6.00 price target for the company. Societe Generale raised Noble from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, October 12th. Susquehanna Bancshares set a $8.00 price target on Noble and gave the stock a “hold” rating in a research report on Wednesday, October 10th. Finally, Simmons raised Noble from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $3.25 to $6.00 in a research report on Monday, October 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.24.

About Noble

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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Earnings History for Noble (NYSE:NE)

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