5 High Growth Non-Tech Stocks That Are Profitable

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This article presents an overview of the 5 High Growth Non-Tech Stocks That Are Profitable. For a detailed overview of such stocks, read our article, 17 High Growth Non-Tech Stocks That Are Profitable.

5. Noble Corporation PLC (NYSE:NE)

Number of Hedge Fund Investors: 48

Susquehanna in December started covering offshore drilling company Noble Corporation PLC (NYSE:NE) shares with a Neutral rating and a $52 price target. The investment firm praised Noble Corporation PLC’s (NYSE:NE)’s concentration of ultra-deepwater assets that are highly in demand in the current market.

During the third quarter, Noble Corporation PLC (NYSE:NE) saw a revenue increase of 128% on a year over year basis.

Carillon Scout Mid Cap Fund made the following comment about Noble Corporation Plc (NYSE:NE) in its Q3 2023 investor letter:

“Noble Corporation Plc (NYSE:NE), an offshore contract driller, benefited from improved sentiment regarding the offshore drilling business as higher day rates, the all-in daily costs of renting a drilling rig, were reported across the industry. The supply and demand for offshore rigs has tightened considerably.”

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