In a report issued on July 9, Charles Minervino from Susquehanna reiterated a Hold rating on Noble Corp (NYSE: NE), with a price target of $6. The company’s shares closed yesterday at $6.45, close to its 52-week high of $6.84.
According to TipRanks.com, Minervino is ranked 0 out of 5 stars with an average return of -6.6% and a 36.3% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.
The word on The Street in general, suggests a Hold analyst consensus rating for Noble Corp with a $5.25 average price target.
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The company has a one-year high of $6.84 and a one-year low of $3.14. Currently, Noble Corp has an average volume of 5.72M.
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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.
