Noble Corporation (NE): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Noble Corporation ( NE) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.6%. By the end of trading, Noble Corporation rose $1.34 (3.9%) to $35.59 on heavy volume. Throughout the day, 6.4 million shares of Noble Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $34.11-$36.06 after having opened the day at $34.25 as compared to the previous trading day's close of $34.25. Other companies within the Energy industry that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 21%, BMB Munai ( BMBM), up 9.4%, GeoGlobal Resources ( GGR), up 6.8%, and Forbes Energy Services ( FES), up 5.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Noble Corporation operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. Noble Corporation has a market cap of $8.72 billion and is part of the basic materials sector. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are up 13.3% year to date as of the close of trading on Monday. Currently there are 21 analysts that rate Noble Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Noble Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, relatively poor performance when compared with the S&P 500 during the past year and feeble growth in the company's earnings per share.

On the negative front, Samson Oil & Gas ( SSN), down 20.4%, GeoPetro Resources Company ( GPR), down 14%, GMX Resources ( GMXR), down 6.8%, and Geokinetics ( GOK), down 6.6%, were all laggards within the energy industry with Pioneer Natural Resources Company ( PXD) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Market Recon: The Reflation Trade Still Lives, but Buckle Your Chinstrap

Noble Shares Tumble 7% after Paragon Abandons Settlement

Transocean Goes Deep With Shallow-Rig Fleet Sale

Crude Oil and 4 Oil Services Stocks Are Leaking Post-Election Gains

These 5 Stocks Under $10 Are Breaking Out