TheStreet Ratings Top 10 Rating Changes

Tickers in this article: CBOE F LMT LOGI LXK NAV NE OI PETS VZ

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Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 2.5%. Since the same quarter one year prior, revenues rose by 28.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Energy Equipment & Services industry average. The net income increased by 0.5% when compared to the same quarter one year prior, going from $127.00 million to $127.58 million.
  • Net operating cash flow has significantly increased by 58.21% to $450.19 million when compared to the same quarter last year. In addition, NOBLE CORP has also vastly surpassed the industry average cash flow growth rate of -80.10%.
  • NOBLE CORP reported flat earnings per share in the most recent quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NOBLE CORP increased its bottom line by earning $2.05 versus $1.45 in the prior year. This year, the market expects an improvement in earnings ($4.05 versus $2.05).
  • Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
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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 19.3, above the S&P 500 P/E ratio of 17.7. Noble has a market cap of $10 billion and is part of the basic materials sector and energy industry. Shares are up 13.7% year to date as of the close of trading on Thursday.

You can view the full Noble Ratings Report or get investment ideas from our investment research center .

Rating Change #3

Owens-Illinois Inc (OI) has been upgraded by TheStreet Ratings from sell to hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins.

  • 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.