Streetbeat News

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

Crude oil prices dropped over 6% following Israeli airstrikes in Iran, impacting U.S. energy stocks and sector ETFs. The United States Oil Fund (USO) saw a significant decline, and major energy ETFs like XLE, XOP, and OIH also experienced losses. Analysts predict oil prices will remain under pressure due to geopolitical tensions, China's declining demand, and potential OPEC+ production increases.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 1:27 pm

Noble Corp (NYSE:NE) has been analyzed by 6 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 10.65% to $50.33. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Noble Corp's financial performance shows strong profitability and effective cost control, with a net margin of 28.15% and a debt-to-equity ratio of 0.16.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 3:00 pm

Barclays analyst Eddie Kim maintains an Overweight rating on Noble Corp (NYSE:NE) but lowers the price target from $54 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:44 pm

Several Wall Street analysts have downgraded their ratings for notable companies, including Commvault Systems, Lennox International, Noble Corporation, American Water Works, and Arcadium Lithium. These downgrades may impact the short-term stock performance of these companies.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 1:18 pm

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

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