This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Biggest Energy Earnings Reports Next Week

Stocks in this article: HAL SLB BHI NE MMR DO

NE Chart NE data by YCharts

Noble (NE)

Background: Noble operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. The company was founded in 1921 and is based in Baar, Switzerland. Noble trades an average of 3.2 million shares per day with a marketcap of $9 billion.

52-Week Range: $28.73 to $41.71

Book Value: $29.63

Price to Book: 1.2

The third-quarter Oct. 17 earnings announcement is highly anticipated by hopeful investors.

The analysts' mean profit appraisal is presently 51 cents a share, a gain of 2 cents (3.9%) from 49 cents during the corresponding quarter last year. Estimates from analysts range from a low of 42 cents per share, up to 77 cents per share.

Thirty-six analysts rate Noble a buy or strong buy out of 41 analysts. The company has three holds, and one recommends selling. Twelve out of 41 analysts now rate Noble a strong buy up from 11 analysts a month ago. Analyst upgrades are substantially impressive for a company with as many buy recommendations as Noble already enjoys.

In the last year, the stock appreciated 18.7%, and the average analyst target price is $47.29.

The 200-day moving average is climbing, albeit, with a price that is testing the 200-day support level. Noble passed the first test of support; however, stocks rarely go through support on the first try.

I would proceed with caution, and if holding shares, I would seriously consider hedging your position.

Shareholders receive about 56 cents annually in dividend payments. The yield based on a recent price is 1.58%.

Based on the last reported short interest of the float, the short interest is inconsequential and not a concern at 2.6%.

NE Revenue Quarterly Chart NE Revenue Quarterly data by YCharts

3 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs