Several brokerages have updated their recommendations and price targets on shares of Noble Corporation (NYSE: NE) in the last few weeks:

  • 9/5/2017 – Noble Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $3.00 price target on the stock.
  • 9/1/2017 – Noble Corporation was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/1/2017 – Noble Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $5.00 price target on the stock.
  • 8/25/2017 – Noble Corporation was upgraded by analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating. They now have a $5.00 price target on the stock.
  • 8/18/2017 – Noble Corporation had its “sell” rating reaffirmed by analysts at Argus. They now have a $6.00 price target on the stock.
  • 8/9/2017 – Noble Corporation was upgraded by analysts at Goldman Sachs Group, Inc. (The) to a “sell” rating.
  • 8/7/2017 – Noble Corporation was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating.
  • 8/7/2017 – Noble Corporation was given a new $4.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 8/7/2017 – Noble Corporation had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 8/1/2017 – Noble Corporation was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/20/2017 – Noble Corporation had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $5.00 price target on the stock.
  • 7/18/2017 – Noble Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $5.50 price target on the stock, down previously from $7.00.

Noble Corporation (NE) opened at 3.88 on Thursday. The firm has a 50-day moving average price of $3.54 and a 200 day moving average price of $4.53. The company’s market cap is $950.22 million. Noble Corporation has a one year low of $3.14 and a one year high of $8.37.

Noble Corporation (NYSE:NE) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.31) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.02. The business had revenue of $278.10 million for the quarter, compared to analysts’ expectations of $284.99 million. Noble Corporation had a negative return on equity of 3.19% and a negative net margin of 122.04%. The business’s revenue was down 68.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. Equities analysts expect that Noble Corporation will post ($1.25) earnings per share for the current fiscal year.

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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