Duncan Williams Upgrades Noble Corporation (NE) to Strong Buy; Valuation Call
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Price: $45.02 -0.18%
Rating Summary:
16 Buy, 22 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
16 Buy, 22 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Duncan Williams upgraded Noble Corporation (NYSE: NE) from Reduce to Strong Buy. PT $54.
Duncan analyst says, "Noble Corporation is a leading provider of offshore drilling services worldwide. Clients include all the major publicly traded oil companies as well as many national oil companies. With a long history and strong client relationships, Noble is poised to enjoy the current commodity environment and bring the benefits of high dayrates to its shareholders. With a strong balance sheet and low debt, the company can fund the current rig building program from internally generated funds and unused leverage, if necessary."
For more ratings news on Noble Corporation click here and for the rating history of Noble Corporation click here.
Shares of Noble Corporation closed at $39.46 yesterday.
Duncan analyst says, "Noble Corporation is a leading provider of offshore drilling services worldwide. Clients include all the major publicly traded oil companies as well as many national oil companies. With a long history and strong client relationships, Noble is poised to enjoy the current commodity environment and bring the benefits of high dayrates to its shareholders. With a strong balance sheet and low debt, the company can fund the current rig building program from internally generated funds and unused leverage, if necessary."
For more ratings news on Noble Corporation click here and for the rating history of Noble Corporation click here.
Shares of Noble Corporation closed at $39.46 yesterday.
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