In a report released today, Eddie Kim from Barclays maintained a Buy rating on Noble Corporation PLC Class A (NE – Research Report), with a price target of $59.00. The company’s shares closed yesterday at $43.02.
Kim covers the Energy sector, focusing on stocks such as Transocean, Valaris, and Diamond Offshore Drilling Inc. According to TipRanks, Kim has an average return of 15.2% and a 68.18% success rate on recommended stocks.
Currently, the analyst consensus on Noble Corporation PLC Class A is a Strong Buy with an average price target of $58.25, a 35.40% upside from current levels. In a report released on February 26, Benchmark Co. also maintained a Buy rating on the stock with a $65.00 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
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NE in relation to earlier this year.
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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. price target lowered to $44 from $52 at Susquehanna
- A New Cause for Concern: Noble Corporation PLC Class A Adds a New Natural and Human Disruptions Risk
- Noble Corporation Announces Upcoming Earnings Teleconference
- NOBLE CORPORATION PLC ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- Noble Corp. CEO sees ‘improving financial results in 2024’
