Noble Corporation (NYSE:NE) issued its quarterly earnings data on Thursday. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.36), Bloomberg Earnings reports. Noble Corporation had a negative return on equity of 3.90% and a negative net margin of 136.22%. The business had revenue of $266.20 million during the quarter, compared to analyst estimates of $269.61 million. During the same period in the prior year, the company posted ($0.23) EPS. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year.

Noble Corporation (NYSE NE) traded down $0.02 on Friday, hitting $4.09. The stock had a trading volume of 7,320,000 shares, compared to its average volume of 6,622,764. Noble Corporation has a one year low of $3.14 and a one year high of $8.37. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.62.

TRADEMARK VIOLATION WARNING: “Noble Corporation (NE) Issues Earnings Results, Meets Estimates” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://theolympiareport.com/2017/11/04/noble-corporation-ne-issues-earnings-results-meets-estimates.html.

A number of equities analysts recently issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $3.00 price objective on shares of Noble Corporation in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) raised Noble Corporation to a “sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada raised Noble Corporation from an “underperform” rating to a “sector perform” rating and set a $5.00 price objective for the company in a report on Friday, August 25th. Deutsche Bank AG assumed coverage on Noble Corporation in a report on Tuesday, October 10th. They issued a “hold” rating and a $4.00 price objective for the company. Finally, ValuEngine lowered Noble Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.56.

About Noble Corporation

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 Corporation (NYSE:NE)

Receive News & Ratings for Noble Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.