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Noble Corporation (NE) [hlAlert]

Rating:
Neutral NE

Noble Corporation (NE) rated Neutral with price target $39 by CapitalOne southcoast

Posted on: Thursday,  Sep 30, 2010  10:25 AM ET by CapitalOne southcoast

Noble Corporation (NYSE: NE)
rated Neutral with price target $39 by CapitalOne southcoast.

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.

Capital One Southcoast, Inc's research analysts provide comprehensive, ongoing research support. Our research analysts generate investment ideas for institutional clients across a broad range of industry sectors. Capital One Southcoast, Inc is a wholly-owned non-bank subsidiary of Capital One Financial Corporation. The securities sold, offered, or recommended by Capital One Southcoast, Inc are not insured by the FDIC, not bank guaranteed, and may lose value.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/30/2010 10:25 AM Hold
None
33.60 39.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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