Zacks Rating on Noble Corporation (NE)

Noble Corporation (NE) : 19 analysts are covering Noble Corporation (NE) and their average rating on the stock is 3.25, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Noble Corporation (NE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Noble Corporation (NE) stock is expected to deviate a maximum of $1.99 from the average target price of $8.07 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $4.


Noble Corporation plc has lost 6.97% in the last five trading days and dropped 18.67% in the last 4 weeks. Noble Corporation plc has dropped 25.46% during the last 3-month period . Year-to-Date the stock performance stands at -40.36%. Noble Corporation (NYSE:NE): stock turned positive on Tuesday. Though the stock opened at $6.08, the bulls momentum made the stock top out at $6.18 level for the day. The stock recorded a low of $6.01 and closed the trading day at $6.14, in the green by 0.99%. The total traded volume for the day was 6,151,567. The stock had closed at $6.08 in the previous days trading.

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