Noble Stock To Go Ex-dividend Tomorrow (NE)

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.

NEW YORK ( TheStreet) -- The ex-dividend date for Noble Corporation (NYSE: NE) is tomorrow, February 7, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $39.88 as of 9:31 a.m. ET, the dividend yield is 1.3%.

The average volume for Noble has been 3.6 million shares per day over the past 30 days. Noble has a market cap of $10.3 billion and is part of the basic materials sector and energy industry. Shares are up 17% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Noble as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, increase in stock price during the past year and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Noble Ratings Report.

See our dividend calendar or top-yielding stocks list.

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