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NE

Noble Corporation

https://www.noblecorp.com

Industry

Oil & Gas Drilling

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.

Open

35.12

Mkt cap

5.4B

Volume

1.3M

High

35.38

P/E Ratio

9.88

52-wk high

52.16

Low

33.80

Div yield

1.24

52-wk low

31.00

Analysts have varied opinions on Noble Corp (NYSE:NE), with recent ratings showing a mix of bullish and neutral sentiments. The average 12-month price target has decreased by 10.56% to $50.8. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Noble Corp has shown strong financial metrics, including a high net margin and effective debt management.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 12:02 pm

Benchmark analyst Kurt Hallead has downgraded Noble Corp (NYSE:NE) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:12 am

Susquehanna analyst Charles Minervino has maintained a Neutral rating on Noble Corp (NYSE:NE) while lowering the price target from $47 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:19 pm

Barclays analyst Eddie Kim maintains an Overweight rating on Noble Corp (NYSE:NE) but lowers the price target from $55 to $54.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 2:19 pm

Noble Corp (NYSE:NE) has received mixed analyst ratings over the past three months, with a recent decrease in average price target by 10.39%. Analysts have varied opinions, with some lowering their ratings and price targets. Despite this, Noble Corp shows strong financial performance with high net margins and effective asset utilization.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 7:00 pm

Citigroup analyst Nikhil Gupta maintains a Buy rating on Noble Corp (NYSE:NE) but lowers the price target from $63 to $45.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:27 pm

Noble Corporation has completed its acquisition of Diamond Offshore Drilling, enhancing its position as a leading offshore driller and increasing its backlog to $6.7 billion. The acquisition adds $2 billion in backlog and a new director to Noble's board.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:23 pm

Noble Corporation and Diamond Offshore Drilling have received clearance from the Australia Competition & Consumer Commission for their pending transaction. The deal is expected to close on September 4th, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:03 pm

Oil prices surged due to Middle East tensions and Libya's potential production halt, impacting energy stocks. WTI crude rose over 3%, marking a strong rally. Energy stocks like ConocoPhillips and ETFs such as XLE, OIH, and XOP saw gains.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 1:49 pm

Four analysts have recently evaluated Noble Corp (NYSE:NE), with a mix of bullish and bearish perspectives. The average 12-month price target is $55.5, down 2.63% from the prior average. Key analysts have adjusted their ratings and price targets, reflecting changing market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:00 pm

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