Noble Corp Gets a Hold Rating from Cowen & Co.

By Carrie Williams

Cowen & Co. analyst Marc Bianchi reiterated a Hold rating on Noble Corp (NYSE: NE) yesterday and set a price target of $5. The company’s shares closed yesterday at $5.62.

According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -5.2% and a 40.5% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.

Noble Corp has an analyst consensus of Hold, with a price target consensus of $5.20.

The company has a one-year high of $7.76 and a one-year low of $3.14. Currently, Noble Corp has an average volume of 7.43M.

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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.