BTIG analyst Gregory Lewis maintained a Buy rating on Noble Corporation PLC Class A (NE – Research Report) on January 5 and set a price target of $60.00. The company’s shares closed last Friday at $47.77.
According to TipRanks, Lewis is an analyst with an average return of -1.4% and a 45.27% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean.
Noble Corporation PLC Class A has an analyst consensus of Strong Buy, with a price target consensus of $60.60.
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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.
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