BTIG analyst Gregory Lewis maintained a Buy rating on Noble Corporation PLC Class A (NE – Research Report) on December 28 and set a price target of $60.00. The company’s shares closed last Friday at $48.16.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.2% and a 47.42% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Noble Corporation PLC Class A with a $58.00 average price target.
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Based on Noble Corporation PLC Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $610.05 million and a net profit of $108.06 million. In comparison, last year the company earned a revenue of $305.87 million and had a net profit of $51.85 million
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Noble Corporation PLC Class A (NE) Company Description:
Noble Corp is an offshore drilling contractor for the oil and gas industry. The company operates under one segment namely, Contract Drilling Services. The fleet consists of around 19 drilling rigs consisted of 7 floaters and 12 jackups. Its geographical segments are Australia, Canada, Denmark, Guyana, Myanmar, Qatar, Saudi Arabia, Malaysia, Trinidad & Tobago, United Kingdom, United States, and other countries.
Read More on NE:
- Noble Corp. reinstated with a Neutral at Susquehanna
- Noble Corp. initiated with an Overweight at Capital One
- Noble Corp. announces major shareholder notification from BlackRock
- Noble Corp. price target raised to $64 from $58 at Barclays
- NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2023 RESULTS AND DIVIDEND INCREASE
