Citi raised the firm’s price target on Noble Corp. (NE) to $34 from $32 and keeps a Neutral rating on the shares. The firm says the offshore drillers have become “noticeably more positive” on recent calls due to new contract signings. However, low crude prices could still delay any inflection and could weigh on rates, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NE:
- Trump Trade: President considers opening California to offshore drilling
- Trump considering opening California to offshore drilling, Washington Post says
- Noble Corp. price target raised to $33 from $32 at Barclays
- Noble Corporation’s Earnings Call Highlights Strong Performance Amid Challenges
- Noble Corporation Reports Q3 2025 Earnings and Outlook