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, May 2, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $37 as of 9:31 a.m. ET, the dividend yield is 1.4%.

The average volume for Noble has been 4.3 million shares per day over the past 30 days. Noble has a market cap of $9.46 billion and is part of the basic materials sector and energy industry. Shares are up 7.7% 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 17.2, below 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Noble Ratings Report.

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