Noble (NE) Cut to Strong Sell at ValuEngine
ValuEngine lowered shares of Noble (NYSE:NE) from a sell rating to a strong sell rating in a research report report published on Friday.
A number of other analysts have also recently weighed in on the stock. Barclays set a $4.00 target price on shares of Noble and gave the company a hold rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Noble from a sell rating to a hold rating in a research note on Monday, January 22nd. Susquehanna Bancshares set a $5.00 price objective on shares of Noble and gave the stock a hold rating in a research note on Friday, January 12th. Cowen set a $5.00 price objective on shares of Noble and gave the stock a hold rating in a research note on Thursday, January 11th. Finally, Piper Jaffray Companies reaffirmed an underweight rating on shares of Noble in a research note on Thursday, January 11th. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $5.24.
Shares of Noble (NE) opened at $4.33 on Friday. Noble has a 52 week low of $3.14 and a 52 week high of $7.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 1.58.
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Noble Company Profile
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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