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Noble Corporation (NE) [hlAlert]

Rating:
Overweight
NE
down 87.04 %

Noble Corporation (NE) rated Overweight with price target $75 by Lehman Brothers

Posted on: Tuesday,  May 20, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Noble Corporation (NYSE: NE) on 05/20/2008. Previously Lehman Brothers rated Buy Noble Corporation (NYSE: NE) on 08/22/2007.,
when the stock price was $95.62. Since then, Noble Corporation has lost 87.04% as of 09/23/2015's recent price of $12.39.
If you would have followed the previous Lehman Brothers's recommendation on NE, you would have lost 87.04% of your investment in 2954 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2008 8:25 AM Buy
None
66.93 75.00
as of 12/24/2008
1 Week up  5.11 %
1 Month up  9.81 %
3 Months up  16.29 %
1 YTD down  -42.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2008 8:25 AM Buy
None
59.15 71.00
10/17/2007 9:25 AM Buy
None
50.10 62.00
8/22/2007 9:25 AM Buy
None
95.62 124.00

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