Mike Urban

Noble (NYSE: NE) was downgraded from Buy to Hold and had its price target cut from $50 to $28. The price target implies 10 percent downside from Friday’s close, but 4.2 percent upside from the current price (lower on downgrade). “While we do not think the market is giving the...

Drillers are selling off sharply following a bearish report from Deutsche Bank. The industry has gained some traction recently as investors collect dividends and wait for a turn around. Deutsche Bank thinks this is a fault, focusing specifically on fleet recapitalization: “We strongly...

On Monday morning, Deutsche Bank analyst Mike Urban downgraded shares of ENSCO plc (NYSE: ESV) from Hold to Sell and lowered the price target from $52 to $41. Urban's downgrade comes amid beliefs that offshore drilling is in the midst of a wholesale re-capitilzation. Commenting on this,...

In a report published Friday, Deutsche Bank Markets Research analyst Mike Urban upgraded shares of Transocean Ltd. (NYSE: RIG) from Sell to Hold due to near-term catalysts and the company's strong backlog. Urban noted that shares of Transocean feel “over-sold.” The analyst added that there is “...