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Enter Symbol:
Noble Corporation (NE) [hlAlert]

Mkt Perform
down 23.73 %

Noble Corporation (NE) downgraded to Mkt Perform by Raymond James

Posted on: Monday,  Feb 3, 2014  8:25 AM ET by Raymond James

Raymond James rated Mkt Perform Noble Corporation (NYSE: NE) on 02/03/2014. Previously Raymond James rated Outperform Noble Corporation (NYSE: NE) on
05/30/2013., when the stock price was $40.36. Since then, Noble Corporation has lost 23.74% as of 02/03/2014's recent price of $30.78.
If you would have followed the previous Raymond James's recommendation on NE, you would have lost 23.73% of your investment in 249 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.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/3/2014 8:25 AM Hold
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD down  -17.85 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/30/2013 8:25 AM Buy
1/8/2013 8:25 AM Hold

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