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

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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.

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