Noble Corporation plc – Consensus Indicates Potential 17.9% Upside

Broker Ratings
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Noble Corporation plc found using ticker (NE) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 45 and 30 calculating the mean target price we have 40. Now with the previous closing price of 33.93 this would indicate that there is a potential upside of 17.9%. The 50 day MA is 29.5 and the 200 day moving average is 26.05. The company has a market cap of $2,073m. You can visit the company’s website by visiting: https://www.noblecorp.com

The potential market cap would be $2,444m based on the market concensus.

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.

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