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NE

Noble Corp.

$5.61

-0.265 (-4.51%)

07:28
08/14/18
08/14
07:28
08/14/18
07:28

Noble Corp. upgraded to Hold from Sell at Argus

Argus analyst David Coleman upgraded Noble Corp to Hold from Sell on "improving industry fundamentals", saying the company is seeing better fleet utilization and day rates while also winning new contracts. The analyst further cites Noble CEO Julie Robertson stating that the offshore drilling industry is benefiting from higher crude oil prices and also sees the prospects of improvement in the company's operating environment in spite of its "relatively weak balance sheet". Coleman also points to Noble's price to book valuation multiple of 0.3-times, which is near the low end of its 5-year 0.1-1.1-times historical range.

NE Noble Corp.
$5.61

-0.265 (-4.51%)

06/21/18
06/21/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Buy at UBS with analyst Jay Sole saying Nike's "comeback after two relatively down years continues." 2. Infinera (INFN) downgraded to Neutral from Buy at Goldman Sachs with analyst Rod Hall assumed coverage from Doug Clark and downgrading the stock to Neutral from Buy while saying the company's success is dependent on the new products, while its "key higher TAM products are yet to fully hit the market." 3. AMC Networks (AMCX) downgraded to Underperform from Market Perform at Bernstein with analyst Todd Juenger saying he thinks it is unlikely the company will be acquired at a premium. 4. Catalyst Biosciences (CBIO) downgraded to Neutral from Buy at B. Riley FBR. 5. Noble Corp. (NE) downgraded to Hold from Buy at Jefferies with analyst Eduardo Royes saying the stock is up 18% year-to-date versus its four major peers rising only 2%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/09/18
LEHM
08/09/18
DOWNGRADE
Target $5
LEHM
Underweight
Noble Corp. downgraded to Underweight from Equal Weight at Barclays
Barclays analyst J David Anderson downgraded Noble Corp. to Underweight while raising his price target for the shares to $5 from $4.
08/09/18
LEHM
08/09/18
DOWNGRADE
Target $5
LEHM
Underweight
Barclays calls offshore drillers overvalued, downgrades Noble to Underweight
Barclays analyst J David Anderson downgraded Noble Corp. (NE) to Underweight from Neutral while raising his price target for the shares to $5 from $4. Since March, offshore-themed drilling stocks have outperformed on the back of Brent oil prices moving above $70 per barrel, Anderson tells investors in a research note. However, current share prices now imply day rates will eclipse $400,000 per day by mid-2022 "in the face of substantial floater overcapacity and few signs of an imminent recovery," the analyst adds. As such, he believes the offshore drillers are the most overvalued group in his coverage. Anderson sees 27% average downside from current levels and downgrades Noble to Underweight. He keeps Underweight ratings on Diamond Offshore (DO), Ensco (ESV), Rowan Companies (RDC) and Transocean (RIG).
08/14/18
ARGS
08/14/18
UPGRADE
ARGS
Hold
Noble Corp. upgraded to Hold from Sell at Argus

TODAY'S FREE FLY STORIES

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OKE

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MOR

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NITE

Nightstar Therapeutics

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VSTM

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ICCC

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ICCC

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VSTM

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LOXO

Loxo Oncology

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VIX

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NKE

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TRN

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NKE

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