Noble Corporation plc – Consensus Indicates Potential 61.5% Upside

Broker Ratings

Noble Corporation plc found using ticker (NE) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 60 and 42 calculating the mean target price we have 48.4. Given that the stocks previous close was at 29.97 this would imply there is a potential upside of 61.5%. There is a 50 day moving average of 30.32 while the 200 day moving average is 29.69. The market capitalisation for the company is $2,009m. Visit the company website at: https://www.noblecorp.com

The potential market cap would be $3,245m based on the market concensus.

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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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