Report
Preston Caldwell
EUR 100.00 For Business Accounts Only

Noble Closes Out 4Q on High Note, but Still in Red; Maintaining Our FVE

Following nine consecutive quarters of net operating losses, no-moat Noble posted an adjusted operating loss of $12 million in the fourth quarter, an improvement from the $22 million loss in the third quarter and its best result in 2018. Revenue increased 11% sequentially. The top-line and bottom-line sequential improvement were driven by increased rig activity, particularly from the drillship and semisubmersible segments.
Noble’s continual improvement in utilization rates (75% in the fourth qu...
Underlying
Noble Corporation plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Preston Caldwell

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