Noble Corp Receives a Sell from Nomura Holdings

By Carrie Williams

Nomura Holdings analyst Matthew Johnston reiterated a Sell rating on Noble Corp (NYSE: NE) today and set a price target of $4. The company’s shares opened today at $4.84, close to its 52-week low of $4.45.

According to TipRanks.com, Johnston is a 4-star analyst with an average return of 2.9% and a 55.6% success rate. Johnston covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Parker Drilling Company.

Noble Corp has an analyst consensus of Hold, with a price target consensus of $5.25.

The company has a one year high of $14.31 and a one year low of $4.45. Currently, Noble Corp has an average volume of 10.85M.

Noble Corp. Plc engages in offshore drilling services for oil and gas industry. It provides contract drilling services, which including owns and operates mobile offshore drilling units, and floating production storage and offloading unit. The company was founded by Lloyd Noble and Art Olson in 1921 and is headquartered in London, United Kingdom.