JPMorgan upgrades Noble Corporation to Overweight, citing preference towards offshore projects and strong leadership.

From Yahoo Finance: 2025-05-28 14:43:00

JP Morgan analyst Arun Jayaram upgraded Noble Corporation plc (NYSE: NE) to “Overweight” with a $30.00 price target on May 28. The shift in preference towards offshore projects and strong leadership optimism contributed to this upgrade. Noble Corporation plc (NYSE: NE) maintained its revenue guidance for 2025 and emphasized its commitment to maintaining dividends. The company’s fleet saw increased contract coverage in Q1 2025, with added backlog for several years. Noble Corporation plc (NYSE: NE) reported $173 million in FCF for Q1 2025, with a total debt principal value of $1.98 billion and cash equivalents of $304 million as of March 31, 2025. Noble Corporation plc (NYSE: NE) operates as an offshore drilling contractor in the oil and gas industry.



Read more at Yahoo Finance: JPMorgan Upgrades Noble Corporation (NE) Stock to Overweight