Analysts upgraded ratings on Noble Corp (NYSE: NE), Northern Oil & Gas, Inc. (NYSE: NOG), Baker Hughes (NYSE: BHI), Cabot Oil & Gas (NYSE: COG), Carrizo Oil & Gas (NASDAQ: CRZO) and ENSCO PLC (NYSE: ESV).
Dahlman Rose upgraded Noble Corp (NE) from a “hold” rating to a “buy” rating. They have a price target of $48.00 on the company.
CapitalOne Southcoast upgraded Northern Oil & Gas, Inc. (NOG) from an “add” rating to a “strong buy” rating. They have a price target of $37.00 on the company.
Credit Agricole upgraded Baker Hughes (BHI) from an “outperform” rating to a “buy” rating.
Canaccord Genuity upgraded Cabot Oil & Gas (COG) from a “hold” rating to a “buy” rating. They have a price target of $85.00 on the company, up from $58.00.
Howard Weil upgraded Carrizo Oil & Gas (CRZO) from a “market perform” rating to an “outperform” rating. They have a price target of $50.00 on the company, up from $45.00.
Dahlman Rose upgraded ENSCO PLC (ESV) from a “hold” rating to a “buy” rating. They have a price target of $70.00 on the company.
Showing posts with label Noble Corporation. Show all posts
Showing posts with label Noble Corporation. Show all posts
Thursday, June 9, 2011
Monday, June 6, 2011
Ratings on (KOG) (NE), (UPL) (WLL) (ENP) Upgraded by Analysts
Analysts upgraded ratings on Kodiak Oil & Gas Corp. (NYSE: KOG), Noble Corp (NYSE: NE), Ultra Petroleum Corp. (NYSE: UPL), Whiting Petroleum Co. (NYSE: WLL) and Encore Energy Partners (NYSE: ENP).
Global Hunter Securities upgraded Kodiak Oil & Gas Corp. (KOG) from a “neutral” rating to an “accumulate” rating.
FBR Capital upgraded Noble Corp (NE) from a “market perform” rating to an “outperform” rating. They have a price target of $55.00 on the company, up from $48.00.
CapitalOne Southcoast upgraded Ultra Petroleum Corp. (UPL) from a “neutral” rating to an “add” rating. They have a price target of $56.00 on the company, up from $50.00.
Global Hunter Securities upgraded Whiting Petroleum Co. (WLL) from a “neutral” rating to an “accumulate” rating.
Robert W. Baird upgraded Encore Energy Partners (ENP) from a “neutral” rating to an “outperform” rating. They have a price target of $25.00 on the company.
Global Hunter Securities upgraded Kodiak Oil & Gas Corp. (KOG) from a “neutral” rating to an “accumulate” rating.
FBR Capital upgraded Noble Corp (NE) from a “market perform” rating to an “outperform” rating. They have a price target of $55.00 on the company, up from $48.00.
CapitalOne Southcoast upgraded Ultra Petroleum Corp. (UPL) from a “neutral” rating to an “add” rating. They have a price target of $56.00 on the company, up from $50.00.
Global Hunter Securities upgraded Whiting Petroleum Co. (WLL) from a “neutral” rating to an “accumulate” rating.
Robert W. Baird upgraded Encore Energy Partners (ENP) from a “neutral” rating to an “outperform” rating. They have a price target of $25.00 on the company.
Friday, October 1, 2010
BP (NYSE:BP), Exxon (NYSE:XOM) Dispute Pushes Noble (NYSE:NE) Shares Down
The announcement by Noble Corp. (NYSE:NE) they were in the midst of arbitrating a disagreement between BP Plc (NYSE:BP) and Exxon Mobil Corp. (NYSE:XOM) over one of their rigs pushed the price of Noble shares down over 3 percent Thursday.
The Homer Ferrington rig is the one being fought over, which has been idle since April 24 in Libya, while the two oil giants hash out their differences.
Noble said in a regulatory filing that they had "initiated arbitration proceedings” and “Payment of the dayrate is subject to the resolution of this dispute.”
At the same time, Noble revealed a large number of their rigs had experience “a significant increase in downtime.”
In the filing Noble added that during the “period of limitation on certain activities” the the Noble Driller rig leased to Royal Dutch Shell Plc (NYSE:RDS-a) has a daily “suspension rate” of $46,000 to $48,000."
Starting in 2011, the rig should work at a daily rate of $382,000 to $384,000.
The Homer Ferrington rig is the one being fought over, which has been idle since April 24 in Libya, while the two oil giants hash out their differences.
Noble said in a regulatory filing that they had "initiated arbitration proceedings” and “Payment of the dayrate is subject to the resolution of this dispute.”
At the same time, Noble revealed a large number of their rigs had experience “a significant increase in downtime.”
In the filing Noble added that during the “period of limitation on certain activities” the the Noble Driller rig leased to Royal Dutch Shell Plc (NYSE:RDS-a) has a daily “suspension rate” of $46,000 to $48,000."
Starting in 2011, the rig should work at a daily rate of $382,000 to $384,000.
Thursday, September 16, 2010
Noble (NYSE:NE) CEO Says Taking Some Deepwater Rigs Out of Gulf
Citing the highly controversial decision by the Obama administration to impose a deepwater oil moratorium on the Gulf of Mexico, Noble (NYSE:NE) CEO David Williams said at Barclays Capital (NYSE:BCS) CEO Energy-Power Conference that if things don't change soon, the company will have to remove some of the seven deepwater oil rigs in the region to other areas.
With the unpredictability and volatility of the Obama administration, Williams sees moving the rigs to Nigeria or Venezuela. He said, "Right now it looks a lot like Venezuela and Nigeria to me. So we will continue to accelerate our strategy of moving rigs out. The longer this goes, the more rigs we'll get out."
Four rigs are already out of the Gulf or committed to leaving the Gulf, all of them either from Transocean (NYSE:RIG) or Diamond Offshore Drilling Inc (NYSE:DO).
The Democrats behind this will be losing a lot of seats in the House and Senate next month, and hopefully will be replaced by those more friendly to business and the American people.
With the unpredictability and volatility of the Obama administration, Williams sees moving the rigs to Nigeria or Venezuela. He said, "Right now it looks a lot like Venezuela and Nigeria to me. So we will continue to accelerate our strategy of moving rigs out. The longer this goes, the more rigs we'll get out."
Four rigs are already out of the Gulf or committed to leaving the Gulf, all of them either from Transocean (NYSE:RIG) or Diamond Offshore Drilling Inc (NYSE:DO).
The Democrats behind this will be losing a lot of seats in the House and Senate next month, and hopefully will be replaced by those more friendly to business and the American people.
Wednesday, July 7, 2010
Is Noble Corp (NYSE:NE) a Buy?
An interesting story is emerging with oil services companies, and it's not Transocean (NYSE:RIG), which while down in price and P/E, are still exposed to the Gulf oil spill, and depending on what is found out as to the cause of the explosion and resultant leak, won't be cleared of the cloud overhanging them.
One of their major competitors, Noble Corp (NYSE:NE), has evidently been lumped together with the oil industry exposed to the Gulf, although there is no connection or exposure they have to it situation.
But incredibly their P/E is lower than Transocean's, standing at 5.07 as I write. Transocean's P/E is at 5.28.
To me the entire question is what is the rest of the summer going to be like as far as travel goes, as gas prices are already dropping after the Fourth of July weekend.
Many think this is going to be a slow summer for travel, based on the poor economic conditions in the U.S. and other parts of the world, which will keep people from spending in a big way.
So depending on whether or not you think gas and oil prices are going to rise, will determine if Noble is a buy to you.
I think it is a stock that must be watched though, and it has no reason to be where it's at, and has a lot of upside potential.
One of their major competitors, Noble Corp (NYSE:NE), has evidently been lumped together with the oil industry exposed to the Gulf, although there is no connection or exposure they have to it situation.
But incredibly their P/E is lower than Transocean's, standing at 5.07 as I write. Transocean's P/E is at 5.28.
To me the entire question is what is the rest of the summer going to be like as far as travel goes, as gas prices are already dropping after the Fourth of July weekend.
Many think this is going to be a slow summer for travel, based on the poor economic conditions in the U.S. and other parts of the world, which will keep people from spending in a big way.
So depending on whether or not you think gas and oil prices are going to rise, will determine if Noble is a buy to you.
I think it is a stock that must be watched though, and it has no reason to be where it's at, and has a lot of upside potential.
Thursday, July 1, 2010
Noble (NYSE:NE), Anadarko Petroleum (NYSE:APC), BP (NYSE:BP), Transocean (NYSE:RIG), Halliburton (NYSE:HAL) All Finish Up While Oil Prices Drop
Oil companies performed counter-intuitive to the price of oil, as many like Noble (NYSE:NE), Anadarko Petroleum (NYSE:APC), BP (NYSE:BP), Transocean (NYSE:RIG) and Halliburton (NYSE:HAL) were all up on Thursday, while oil prices fell before the 4th of July holiday weekend.
Some oil companies weren't just up though, they were up in major ways, like Noble Corp., which ended the session at $32.56, a gain of $1.65, or 5.34 percent.
Transocean did even slightly better on the day, finishing at $48.89 a share, a gain of $2.56, or 5.53 percent.
Anadarko was at $37.17 by the end of the day, increasing $1.08, or 2.99 percent.
Even BP ended up on Thursday, coming in at $29.39, rising $0.51, or 1.77 percent.
Some oil companies weren't just up though, they were up in major ways, like Noble Corp., which ended the session at $32.56, a gain of $1.65, or 5.34 percent.
Transocean did even slightly better on the day, finishing at $48.89 a share, a gain of $2.56, or 5.53 percent.
Anadarko was at $37.17 by the end of the day, increasing $1.08, or 2.99 percent.
Even BP ended up on Thursday, coming in at $29.39, rising $0.51, or 1.77 percent.
Monday, June 28, 2010
Noble (NYSE:NE) Acquires FDR Holdings Ltd. for $2.16 Billion
Noble (NYSE:NE) has announced they've acquired privately held FDR Holdings Limited for $2.16 billion.
"Frontier is an excellent strategic addition to Noble's existing asset, customer and employee base," said David W. Williams, Chairman, President and Chief Executive Officer of Noble. "This acquisition is a highly complementary extension of our mid- and deepwater presence and positions us for additional growth in new market segments that can provide further opportunities for Noble and our customers. Noble's historical hallmark of a strong safety culture and our reputation for operational excellence should benefit Frontier's existing customers and drive value for our shareholders."
Along with assuming FDR Holdings debt, financing will also come through cash, drawing on its credit facility, and about $800 million from a bridge credit facility.
"Frontier is an excellent strategic addition to Noble's existing asset, customer and employee base," said David W. Williams, Chairman, President and Chief Executive Officer of Noble. "This acquisition is a highly complementary extension of our mid- and deepwater presence and positions us for additional growth in new market segments that can provide further opportunities for Noble and our customers. Noble's historical hallmark of a strong safety culture and our reputation for operational excellence should benefit Frontier's existing customers and drive value for our shareholders."
Along with assuming FDR Holdings debt, financing will also come through cash, drawing on its credit facility, and about $800 million from a bridge credit facility.
Noble Corporation (NYSE:NE): Shark Feeding Frenzy
The sharks have been circling Noble Corporation (NYSE:NE) lately, as a call feeding frenzy has pushed the share price of the offshore drilling contractor up, even though they were recently downgraded by Credit Agricole Securities from "Outperform" to "Underperform."
Stephens & Co. also cut the company from an "Overweight" to an "Equal-weight" on Thursday, and put their 12-month price target on the company at $41. Agricole has a 12-month price target of $32.
These call traders believe the company will surge ahead of the July expiration.
Share were at $29.29 as of 1:43 PM EDT, a gain of $0.83, or 2.92 percent.
Stephens & Co. also cut the company from an "Overweight" to an "Equal-weight" on Thursday, and put their 12-month price target on the company at $41. Agricole has a 12-month price target of $32.
These call traders believe the company will surge ahead of the July expiration.
Share were at $29.29 as of 1:43 PM EDT, a gain of $0.83, or 2.92 percent.
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