Noble Corporation is an offshore drilling operation that is located primarily in the North Sea.? They are a British company whose stock trades on the NYSE. ? There are a lot of reasons why I like this stock.? They are an oil company and I am quite bullish on the price of oil.? Crude, in the United States, has been sitting at $51 for a moment.? However, I believe that is short-lived and as the economy of the United States continues to expand, oil prices will advance further.? I can very comfortably see the price of oil above $75 by the end of the year 2017.? That would increase revenue by 50% in a linear world, although I can be forgiving.? Plus, as the United States continues its expansion the pull for other regions, such as the EU and China will be enough to begin the process of bringing these economies into expansionary territory.? [more
Noble Corporation plc (NE) is traded on New York Stock Exchange in USA. It is located in TEXAS, U.S.A and employs 3,300 people. Noble plc is listed under Petroleum category by Fama And French industry classification.The company currently falls under 'Mid-Cap
' category with market capitalization of 1.28 B. Noble Corporation plc is active under Industrial
sector as part of Oil And Gas Drilling And Exploration
industry. This company has 244.97 M outstanding shares of which 37.98 M shares are now sold short in the market by investors with about 5.61 days to cover all shorted shares.
NOBLE CORP reports about 608.76 M in cash with 466.99 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.48.
Check Noble plc Probability Of Bankruptcy