Noble Corp Upgraded to Hold by DNB Markets (NE)
Noble Corp (NYSE:NE) was upgraded by equities research analysts at DNB Markets to a “hold” rating in a research note issued to investors on Wednesday, Analyst Ratings Network reports.
A number of other firms have also recently commented on NE. Analysts at ISI Group downgraded shares of Noble Corp from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Separately, analysts at RBC Capital downgraded shares of Noble Corp from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, January 8th. They now have a $40.00 price target on the stock, down previously from $41.00. Finally, analysts at Citigroup Inc. downgraded shares of Noble Corp from a “buy” rating to a “neutral” rating in a research note to investors on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.08.
Shares of Noble Corp (NYSE:NE) opened at 35.47 on Wednesday. Noble Corp has a 52-week low of $34.38 and a 52-week high of $42.34. The stock has a 50-day moving average of $36.73 and a 200-day moving average of $38.2. The company has a market cap of $8.988 billion and a price-to-earnings ratio of 12.32.
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
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