2. As of noon trading, Noble Corporation ( NE) is up $0.63 (1.8%) to $35.96 on light volume Thus far, 1.3 million shares of Noble Corporation exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $35.33-$36.00 after having opened the day at $35.40 as compared to the previous trading day's close of $35.33.

Noble Corporation operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. Noble Corporation has a market cap of $9.0 billion and is part of the basic materials sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate Noble Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Noble Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Noble Corporation Ratings Report now.

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