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Noble Corporation (NYSE:NE) has been upgraded from Sell to Neutral in a report by Goldman Sachs today.

Goldman Sachs has upgraded Noble Corporation (NYSE:NE) from Sell to Neutral in a statement released on Wednesday September 21, 2016.

Having a price of $5.12, Noble Corporation (NYSE:NE) traded -4.41% lower on the day. With the last close down -36.67% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. NE has recorded a 50-day moving average of $6.04 and a 200-day moving average of $8.56. 9,962,514 shares of NE traded hands, up from an average trading volume of 9,237,890

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Noble Corporation (NYSE:NE)

Noble Corporation has a one year low of $5.09 and a one year high of $14.64 with a PE ratio of 2.26 Noble Corporation’s market capitalization is presently $0.

A total of 30 analysts have released a ratings update on NE. zero brokerages rating the company a strong buy, 0 firms rating the stock a buy, 0 equity analysts rating the company a hold, zero firms rating the stock a underperform, and finally zero analysts rating the company a sell with a average stock price target of $9.71.

Brief Synopsis On Noble Corporation (NYSE:NE)

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units. As of February 25, 2016, the company operated a fleet of 30 drilling rigs consisted of 14 jackups, 8 drillships, and 8 semisubmersibles, which included 1 high-specification, harsh environment jackup under construction. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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