Goldman Sees Q2 Beat from Noble (NE), Raises Estimates Amid Strong Fleet Status Report

Article Stock Quotes (1) Comments (0)

Analysts at Goldman Sachs raised earnings estimates on Noble Corp. (NYSE: NE) Thursday evening, highlighting the strength of a recent fleet status report. The firm maintains a Buy rating and $46 six-month price target.

The firm pointed to the following day rates as evidence the company will likely beat second-quarter estimates:

• Bob Douglass at $618k/day, compared to Goldman's estimate of $550k/day
  
• Homer Ferrington at $500k/day, versus a prior rate of $415k/day
  
• Percy Johns at $149k/day, compared to a prior rate of $85k/day
  
• Ed Noble at $142k/day, versus estimate of $125k/day

Goldman Sachs raised its FY13 EPS estimate from $4.18 to $4.23 and its FY14 estimate from $5.10 to $5.24.

Shares of Noble Corp. are up 2.7 percent to $34.15 at last check.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Topeka Capital Upgrades Pacific Sunwear of California (PSUN) to Buy
• Compuware (CPWR) Estimates Trimmed, PT Raised at Jefferies
• Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?