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Enter Symbol:
 
Noble Corporation (NE) [hlAlert]

Rating:
Outperform
NE
down 66.12 %

Noble Corporation (NE) rated Outperform with price target $50 by FBR Capital

Posted on: Wednesday,  Mar 20, 2013  8:25 AM ET by FBR Capital

FBR Capital rated Outperform Noble Corporation (NYSE: NE) on 03/20/2013, when the stock price was $36.58. Since
then, Noble Corporation has lost 66.13% as of 09/23/2015's recent price of $12.39.
If you would have followed this FBR Capital's recommendation on NE, you would have lost 66.12% of your investment in 917 days.

Noble Corporation (Noble) is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 63 mobile offshore drilling units located worldwide. This fleet consists of 13 semisubmersibles, four dynamically positioned drillships, 43 jackups and three submersibles. The fleet count includes five units under construction, including one F&G JU-2000E enhanced jackup, one dynamically positioned ultra-deepwater, harsh environment Globetrotter-class drillship, and three deepwater dynamically positioned semisubmersibles. The Company have secured customer contracts for the one jackup and three semisubmersibles under construction.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/20/2013 8:25 AM Buy
None
36.58 50.00
as of 12/13/2013
1 Week down  -3.43 %
1 Month down  -9.16 %
3 Months down  -5.79 %
1 YTD up  4.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/11/2012 8:25 AM Buy
None
36.26 61.00
1/27/2012 8:25 AM Buy
None
34.90 55.00
6/3/2011 8:25 AM Buy
None
40.35 55.00
3/14/2011 8:25 AM Hold
None
43.65 48.00
12/3/2010 8:25 AM Buy
None
34.11 38.00
11/24/2010 8:25 AM Buy
None
35.40 45.00
6/29/2010 8:25 AM Buy
None
30.01 42.00
6/8/2010 8:25 AM Hold
None
27.16 36.00
3/17/2010 8:25 AM Buy
None
43.60 62.00
2/1/2010 8:25 AM Buy
None
41.24 50.00

(*) Stock Price at the time of the recommendation.
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