Noble Corporation PLC Class A (NE) has disclosed a new risk, in the Natural and Human Disruptions category.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Noble Corporation PLC Class A faces heightened business risks due to seasonal weather events in regions like the Gulf of Mexico and the North Sea. These areas are prone to hurricanes, typhoons, and cyclones, which can unpredictably disrupt operations and damage assets. The company’s drilling activities hinge on weather projections that may not accurately foretell the path or intensity of such events, leading to potential operational delays, injuries, and financial setbacks. As climate change may increase the frequency and severity of these events, Noble Corporation’s risks could further escalate, potentially impacting their long-term financial sustainability.
The average NE stock price target is $60.00, implying 38.50% upside potential.
To learn more about Noble Corporation PLC Class A’s risk factors, click here.
