Noble Corporation (NE) : Analyst Rating Update

Noble Corporation (NE) : Zacks Investment Research ranks Noble Corporation (NE) as 3, which is a Hold recommendation. 2 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. 2 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 3.09, which indicates as a Hold.

Noble Corporation (NE) : Average target price received by Noble Corporation (NE) is $8.77 with an expected standard deviation of $2.46. The most aggressive target on the stock is $11, whereas the most downbeat target is $2. 15 financial analysts are currently covering the stock.

Noble Corporation (NYSE:NE): The stock opened at $8.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.26 for the day. The stock traded down to $7.95 during the day, due to lack of any buying support eventually closed down at $8.22 with a loss of -1.56% for the day. The stock had closed at $8.35 on the previous day. The total traded volume was 11,381,141 shares.

Also, Equity Analysts at the Argus Research downgrades the rating on Noble Corporation (NYSE:NE). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 20, 2016. The company shares have dropped -43.62% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $15.31 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $8.76 and the 200 Day Moving Average price is recorded at $9.39.

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