Latest news with #NE
Yahoo
7 days ago
- Business
- Yahoo
JPMorgan Upgrades Noble Corporation (NE) Stock to Overweight
On May 28, JP Morgan analyst Arun Jayaram upped Noble Corporation plc (NYSE:NE)'s stock from 'Neutral' to an 'Overweight' rating and set a price target of $30.00. A close-up of a drilling rig with its silhouette against a sunset sky. The analyst highlighted a shift in preference towards offshore projects compared to North American markets. Despite the broader market volatility in deepwater and harsh environment jackup sectors, Noble Corporation plc (NYSE:NE)'s leadership demonstrated optimism regarding the addition of term work for several rigs, such as BlackRhino, Noble Viking, and Noble Valiant. For 2025, Noble Corporation plc (NYSE:NE)'s revenue guidance is being aided by contracted backlog. The company has maintained its guidance ranges for total revenue of between $3,250 million - $3,450 million and adjusted EBITDA of $1,050 million - $1,150 million. Noble Corporation plc (NYSE:NE)'s management emphasized its commitment to maintain the dividend, thanks to its robust FCF generation, a healthy balance sheet, and improved backlog visibility. The company's marketed fleet of 25 floaters was 80% contracted during Q1 2025 as compared to 74% in the prior quarter. Furthermore, recent backlog additions since last quarter have added 15 rig years of total floater backlog. This enhanced contract coverage over the upcoming several years. In Q1 2025, the company's FCF came in at $173 million. Noble Corporation plc (NYSE:NE)'s balance sheet (as of March 31, 2025) had total debt principal value of $1.98 billion and cash and cash equivalents of $304 million. Noble Corporation plc (NYSE:NE) operates as an offshore drilling contractor for the broader oil and gas industry. While we acknowledge the potential of NE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Economic Times
29-05-2025
- Politics
- Economic Times
PM Modi addresses terrorism and Sikkim's growth potential in Bagdogra, Bengal
Bagdogra, May 29 (IANS) Prime Minister Narendra Modi on Thursday said the brutal terror attack in Jammu and Kashmir's Pahalgam was an assault on humanity itself, but India's swift and precise response through Operation Sindoor has dealt a decisive blow to terrorism and exposed Pakistan on the global stage. Synopsis Prime Minister Narendra Modi addressed Sikkim's statehood celebrations from Bagdogra. He condemned the Pahalgam attack as an assault on humanity. Modi asserted India's unity and resolve against terrorism. He highlighted the destruction of terror hubs in Pakistan. The PM emphasized Sikkim's tourism potential and envisioned its growth as a green model state. Kolkata: Prime Minister Narendra Modi on Thursday said in Bengal's Bagdogra that terrorists not only attacked humanity and brotherhood in India but there was an attempt to divide Indians but India showed resolute strength and remained united, speaking about the Pahalgam attack. ADVERTISEMENT Modi reached Bagdogra airport on Thursday morning to attend Sikkim's 50th statehood celebration but could not fly to Sikkim due to inclement weather. The PM addressed the people of Sikkim virtually from Bagdogra today. "What terrorists did in Pahalgam, it was not only an attack on Indians but an attack on faith on humanity and brotherhood. Terrorists have snatched happiness from so many families and tried to divide the Indians. The whole world can see India is more united. Becoming united, we gave a clear message," the Prime Minister said from Bagdogra today while addressing the 50th statehood celebrations of Sikkim. "The terrorists have erased sindoor from our daughters. We have given a befitting reply to Pakistan. Terror hubs in Pakistan decimated. They tried to attack our citizens and army bases. We have destroyed their India can do and how quick can it do and to what extent it can do- it has been shown," Modi Prime Minister spoke about Sikkim's growth potential in tourism and various other sectors. "In the next 25 years, Sikkim will be given great height. Sikkim is tourism's complete package. Here we have spiritualism, beauty and culture. There is potential adventure tourism, high altitude trekking and so on. Sikkim will reach the height of growth and it will become a green model state for the world. A state which will progress in organic food export, a state where digital transactions will boom," the PM said."People of Sikkim know the power of tourism. Tourism is not only entertainment but a symbol of diversity," he said. ADVERTISEMENT "It is my dream to make Sikkim a hub for conference tourism and concept tourism," the PM said, adding, "India will become a superpower and Sikkim will contribute to its growth. There is a huge focus on North Eastern states. Recently, there was an NE investment summit in Delhi. Various projects for Sikkim and its development are being undertaken. Atal Setu has made communication with Darjeeling at ease and work is on to connect Kalimpong. Bagdogra -Gangtok Expressway will soon come up" He inaugurated key development projects, including a 500-bed hospital, a mega sports complex and a passenger ropeway. Locals assembled in large numbers and welcomed him, showcasing their culture and preparations. ADVERTISEMENT "In Gangtok, an upcoming Sports Complex will become a hub for bringing out new sports talents and help India reach the Olympic podium. This land gave us Baichun Bhutia. Sikkim's every nook and corner gives us many more sports talents," the PM pointed out. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Yahoo
28-05-2025
- Business
- Yahoo
JPMorgan Upgrades Noble Corporation (NE) Stock to Overweight
On May 28, JP Morgan analyst Arun Jayaram upped Noble Corporation plc (NYSE:NE)'s stock from 'Neutral' to an 'Overweight' rating and set a price target of $30.00. A close-up of a drilling rig with its silhouette against a sunset sky. The analyst highlighted a shift in preference towards offshore projects compared to North American markets. Despite the broader market volatility in deepwater and harsh environment jackup sectors, Noble Corporation plc (NYSE:NE)'s leadership demonstrated optimism regarding the addition of term work for several rigs, such as BlackRhino, Noble Viking, and Noble Valiant. For 2025, Noble Corporation plc (NYSE:NE)'s revenue guidance is being aided by contracted backlog. The company has maintained its guidance ranges for total revenue of between $3,250 million - $3,450 million and adjusted EBITDA of $1,050 million - $1,150 million. Noble Corporation plc (NYSE:NE)'s management emphasized its commitment to maintain the dividend, thanks to its robust FCF generation, a healthy balance sheet, and improved backlog visibility. The company's marketed fleet of 25 floaters was 80% contracted during Q1 2025 as compared to 74% in the prior quarter. Furthermore, recent backlog additions since last quarter have added 15 rig years of total floater backlog. This enhanced contract coverage over the upcoming several years. In Q1 2025, the company's FCF came in at $173 million. Noble Corporation plc (NYSE:NE)'s balance sheet (as of March 31, 2025) had total debt principal value of $1.98 billion and cash and cash equivalents of $304 million. Noble Corporation plc (NYSE:NE) operates as an offshore drilling contractor for the broader oil and gas industry. While we acknowledge the potential of NE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
23-05-2025
- Science
- Time of India
Govt plans study modules to promote stem education, HR News, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App Jaipur: In a bid to promote Science, Technology, Engineering and Mathematics (STEM) education among students from Class 6-10, the education department is imparting training to said the aim is to promote innovation and technological inclusion in teaching in accordance with the NE. A workshop was conducted by the education department Wednesday to plan the development of a STEM module for students."The objective of this workshop was to train teachers in interesting and effective methods, which can develop interest and understanding of science and mathematics in students. In the workshop, there was an in-depth discussion on teaching techniques, activity-based learning , and content development according to local environment," said an said to give practical form to STEM education , training modules must be developed which help teachers express their views and develop communication skills in students while maintaining the simplicity and relevance of the subjects.
Indian Express
08-05-2025
- Politics
- Indian Express
Opinion Spirit of Indus Waters Treaty has been gravely undermined by Pahalgam
Transboundary water sharing can be a source of resilient cooperation or trenchant conflict. The Indus Waters Treaty (IWT) has been celebrated globally as the most resilient water sharing treaty, remaining strong even when India and Pakistan engaged in wars. But this time, the horrific terrorist attack in Pahalgam has pushed the needle too far. Can putting the IWT in abeyance get Pakistan, in the words of our Cabinet Committee on Security, to 'credibly and irrevocably abjure its support for cross-border terrorism'? Despite its celebrated resilience, the IWT has been under strain in recent times. It is fair to say that all the parties involved contributed to this, including the third party with a limited role, the World Bank. In a unique way, the IWT provides for the geographic division of waters in the Indus river system. India has rights for the unrestricted use of waters in the eastern rivers of Ravi, Beas and Sutlej; and Pakistan in a similar way over the western rivers which are Indus, Jhelum, and Chenab. Driven again by geography, India has rights over domestic use, non-consumptive use (navigation, flood control, etc), run-of-river hydropower generation, and some limited rights for irrigation. Conversely, Pakistan too has rights over limited domestic and non-consumptive use over the eastern rivers. In exercising its rights, India has pursued run-of-river hydropower projects like Salal, Baglihar, Kishanganga and Ratle. Pakistan has objected to all these projects. The early Salal was resolved bilaterally. The others led to disputes, with the treaty's provisions for resolution through a Neutral Expert (NE) or the Court of Arbitration (CoA) being invoked. The disputes delayed the projects, although in most cases, India's stance was eventually vindicated. While the resolution tested the treaty provisions with some novel issues and advances in technology, it contributed to the treaty's evolution and advanced the interests of both parties. For instance, the NE's decision on Baglihar supported India's designs accommodating advances in sedimentation engineering, with a nuanced interpretation of the provisions. In other instances, like Kishanganga, the CoA's decision allowed India's design but required minimal flows to Pakistan to be maintained. The IWT became resilient through such antagonistic but productive contestations. In recent times, this has changed. India's proposed projects were increasingly met by Pakistan's litigious strategies, often by subterfuge. India firmly resisted its recent escalation of the settled differences over Kishanganga and the Ratle projects, disagreed with Pakistan's initiation of parallel CoA proceedings and chose not to participate. Such actions, combined with Pakistan's assessed support to cross-border terrorism, have led to India's growing distrust of Pakistan and disenchantment with the IWT. The World Bank's passive approach has not helped either. This regressive turn, away from building resilience, fundamentally contradicts the spirit of the treaty and defeats its aspirations of cooperation for optimal development of the Indus rivers. Cooperation is crucial and critical for both countries, not only for development but also to cope with emerging risks such as climate change. Pakistan's petty and ultimately self-defeating projects of subterfuge and terrorism have squandered the spirit of goodwill and friendship upon which the treaty was founded. The terrorist attacks in Uri, Pulwama, Pahalgam serve as stark evidence of Pakistan's failure to reciprocate the spirit of the IWT. India's decision to put the IWT in abeyance can be seen as the culmination of its deepening dissatisfaction with it, and growing frustration with Pakistan's actions. The specifics of what India means remain to be seen and there is a good strategic reason to maintain a degree of constructive ambiguity. At the least, it would mean suspending the institutional processes of coordination and dispute resolution under the Permanent Indus Commission, which comprises one commissioner each of the two governments. The Commission is the core of the treaty's resilience. The institutional processes include annual meetings, exchange of hydrological data, periodic inspection of each other's projects, etc. Further, as an upstream state, India will be free to pursue its development interests on the western rivers, limiting Pakistan's ability to have its concerns addressed. While some of the current rhetoric in India can be seen as empty, critics fail to recognise that the continued suspension of the IWT provides India the required time and means to build infrastructure to affect flows substantively and accumulate an irrevocable leverage. Those familiar with the complex and intricate dynamics of transboundary water sharing will understand that India does not need to build the infrastructure for there to be an immediate impact on Pakistan. The absence of data and means to resolve differences by themselves can exacerbate uncertainties and vulnerabilities downstream, adversely impacting the economy and livelihoods in the Punjab region of Pakistan. It is entirely up to Pakistan whether it wants to risk the slide of the IWT from its current state of mutual benefit to greater benefits for India.
