Credit Suisse Sticks to Their Hold Rating for Noble Corp (NE)


Credit Suisse analyst James Wicklund maintained a Hold rating on Noble Corp (NYSE: NE) yesterday and set a price target of $6. The company’s shares closed yesterday at $7.09, close to its 52-week high of $7.22.

According to TipRanks.com, Wicklund is ranked 0 out of 5 stars with an average return of -7.4% and a 32.7% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, Schlumberger Limited, and US Silica Holdings.

Noble Corp has an analyst consensus of Hold, with a price target consensus of $5.50, a -22.4% downside from current levels. In a report issued on September 17, BTIG also initiated coverage with a Hold rating on the stock.

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The company has a one-year high of $7.22 and a one-year low of $3.39. Currently, Noble Corp has an average volume of 4.77M.

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Noble Corp. Plc engages in offshore drilling services for oil and gas industry. It operating through the 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.

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