Canaccord Genuity Maintains a 'Buy' on Noble Corporation (NE); Minor Changes from FSU
Tweet
Share
E-mailGet Alerts NE Hot Sheet
Price: $45.10 +1.83%
Rating Summary:
16 Buy, 22 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 22 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Noble Corporation (NYSE: NE) price target of $55.00.
Canaccord analyst, Scott Burk, said, "Noble released a fleet status update with a few changes, most notably two new jackup contracts with durations greater than one year. On the negative side, expected offhire days increased slightly and a three-month semi contract in 2012 was at a lower rate than we modeled. We are trimming our 2011/12 EPS estimates slightly and also introducing 2013 estimates. While Noble has an attractive growth profile as its 13 newbuilds should deliver EPS growth over the next three years, we see better growth potential and more attractive fleets for some of its peers (Atwood (NYSE: ATW), Ensco (NYSE: ESV))."
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 $30.17 yesterday.
Canaccord analyst, Scott Burk, said, "Noble released a fleet status update with a few changes, most notably two new jackup contracts with durations greater than one year. On the negative side, expected offhire days increased slightly and a three-month semi contract in 2012 was at a lower rate than we modeled. We are trimming our 2011/12 EPS estimates slightly and also introducing 2013 estimates. While Noble has an attractive growth profile as its 13 newbuilds should deliver EPS growth over the next three years, we see better growth potential and more attractive fleets for some of its peers (Atwood (NYSE: ATW), Ensco (NYSE: ESV))."
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 $30.17 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
