Brokerage Firm Rating on Noble Corporation (NE)

Noble Corporation (NE) : Zacks Investment Research ranks Noble Corporation (NE) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 3 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 3.3, which indicates as a Hold.

Noble Corporation (NE) : 15 Wall Street analysts covering Noble Corporation (NE) believe that the average level the stock could reach for the short term is $8.21. The maximum price target given is $11 and the minimum target for short term is around $4, hence the standard deviation is calculated at $2.05.


Company shares have received an average consensus rating of Hold for the current week Noble Corporation (NYSE:NE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.80 and $6.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.87, notching a gain of 1.63% for the day. The total traded volume was 7,782,683 . The stock had closed at $6.76 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Cawley Michael A, director of Noble Corp Plc, had unloaded 20,000 shares at an average price of $13.52 in a transaction dated on March 7, 2016. The total value of the transaction was worth $270,400.

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