Standpoint Research Upgrades Noble Corporation (NE) to Buy

March 3, 2014 12:41 PM EST
Get Alerts NE Hot Sheet
Price: $7.41 +5.41%

Rating Summary:
    19 Buy, 19 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade NE Now!
Join SI Premium – FREE
Standpoint Research upgraded Noble Corporation (NYSE: NE) from Hold to Buy with a price target of $38. Analyst Ronnie Moas said the sell-off has created a buying opportunity and is positive on the 4.8% dividend yield.

"The drillers have been hit hard recently and that has created some opportunities," Moas said. "NE is a name I exited two years ago @ $41 and it has underperformed the S&P by > 5000 bps (and underperformed the XLE by 4000 bps) since then. This is a name you could have gone into at $30 and exited at $40 six times in the last ten years."

The dividend was recently hiked and the yield is now 4.8%.

For an analyst ratings summary and ratings history on Noble Corporation click here. For more ratings news on Noble Corporation click here.

Shares of Noble Corporation closed at $31.05 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Upgrades

Related Entities

Standard & Poor's, Dividend, Standpoint Research

Add Your Comment