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Stock Market & Financial Investment News

News Breaks
March 28, 2014
14:35 EDTNENoble Corp. price target lowered to $45 from $48 at Argus
Argus cut its price target on Noble Corp. as the firm lowered its 2014 EPS estimate for the company to reflect its forecast of an abundance of newbuild rigs this year. However, the firm thinks that investors are underestimating the company's long-term earnings power, and it keeps a Buy rating on the shares.
News For NE From The Last 14 Days
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July 29, 2015
19:32 EDTNEOn The Fly: After Hours Movers
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17:19 EDTNENoble Corp. reports Q2 EPS 64c, consensus 52c
Reports Q2 revenue $794M, consensus $770.08M.
July 27, 2015
06:20 EDTNEU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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