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Noble Corporation (NE) [hlAlert]

Rating:
Buy NE
down 60.10 %

Noble Corporation (NE) upgraded to Buy with price target $38 by Standpoint Research

Posted on: Monday,  Mar 3, 2014  1:25 PM ET by Standpoint Research

Standpoint Research rated Buy Noble Corporation (NYSE: NE) on 03/03/2014, when the stock price was $31.06. Since
then, Noble Corporation has lost 60.11% as of 09/23/2015's recent price of $12.39.
If you would have followed this Standpoint Research's recommendation on NE, you would have lost 60.1% of your investment in 569 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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2014 1:25 PM Buy
None
31.06 38.00
as of 10/17/2014
1 Week up  3.33 %
1 Month down  -20.86 %
3 Months down  -40.27 %
1 YTD down  -37.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2012 11:25 AM Hold
None
41.14
5/29/2009 4:00 PM Buy
None
34.37 66.00

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