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Noble Corporation (NE) [hlAlert]

Buy NE
down 62.50 %

Noble Corporation (NE) rated Buy with price target $55 by MKM Partners

Posted on: Wednesday,  Aug 19, 2009  9:25 AM ET by MKM Partners

MKM Partners rated Buy Noble Corporation (NYSE: NE) on 08/19/2009, when the stock price was $33.04. Since
then, Noble Corporation has lost 62.50% as of 09/23/2015's recent price of $12.39.
If you would have followed this MKM Partners's recommendation on NE, you would have lost 62.5% of your investment in 2226 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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/19/2009 9:25 AM Buy
33.04 55.00
as of 12/31/2009
1 Week down  -8.88 %
1 Month down  -8.88 %
3 Months down  -0.84 %
1 YTD up  13.92 %

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