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Noble Corporation (NE) [hlAlert]

Rating:
Mkt Perform
NE
down 52.78 %

Noble Corporation (NE) downgraded to Mkt Perform with price target $27 by Friedman Billings

Posted on: Thursday,  Feb 5, 2009  8:25 AM ET by Friedman Billings

Friedman Billings rated Mkt Perform Noble Corporation (NYSE: NE) on 02/05/2009. Previously Friedman Billings rated Outperform Noble Corporation (NYSE: NE) on
07/11/2008., when the stock price was $59.43. Since then, Noble Corporation has lost 52.78% as of 02/05/2009's recent price of $28.06.
If you would have followed the previous Friedman Billings's recommendation on NE, you would have lost 52.78% of your investment in 209 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 Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/5/2009 8:25 AM Hold
None
28.06 27.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  27.02 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/11/2008 8:25 AM Buy
None
59.43 76.00
4/23/2008 8:25 AM Buy
None
58.54 71.00
1/24/2008 8:25 AM Buy
None
46.74 60.00
7/20/2007 9:25 AM Buy
None
51.93 67.50

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