Summary:
- Noble Corp. (NE, Financial) has secured a contract extension with Petrobras, boosting investor confidence.
- Analysts indicate an average price target significantly above the current stock value.
- The stock enjoys an "Outperform" rating from multiple brokerage firms.
Noble Corp. (NE) experienced a substantial 6.2% uptick in its stock price following the announcement of an extended contract with Petrobras. This extension pertains to the Noble Discoverer rig, operating off the coast of Colombia. The newly revised agreement is set to continue until mid-August 2026, with the potential for further extension into the third quarter of 2027.
Wall Street Analysts Forecast
The one-year price target data provided by 11 analysts present an optimistic outlook for Noble Corp PLC (NE). On average, the target price stands at $37.36, with a high estimate reaching $56.00 and a low at $29.00. This average target suggests a promising upside of 87.66% from the current stock value of $19.91. For more granular data and forecasts, visit the Noble Corp PLC (NE, Financial) Forecast page.
Regarding brokerage recommendations, Noble Corp PLC (NE) holds an average recommendation score of 2.1, signifying an "Outperform" status across 14 brokerage firms. The rating spectrum ranges from 1 to 5, where a 1 indicates a Strong Buy and a 5 denotes a Sell. This favorable recommendation underlines the optimistic sentiment around Noble Corp's future performance in the market.
