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Noble Corp. (NE) Stock Down, RBC: 'Too Early to Get Involved' With Offshore Drillers

NEW YORK (TheStreet) -- Shares of Noble Corp. (NE) were sliding late Wednesday morning as analysts at RBC Capital said the company's August fleet report, released Tuesday, showed it was "still too early to get involved in offshore drillers," according to a note cited by Barron's.

Noble Corp.'s fleet report revealed that three of its rigs had a total negative impact of 10 cents per share on earnings.

Noble Corp.'s Tom Prosser rig weighed on earnings by 6 cents a share, and Noble Corp. terminated the contract early.

"The rig is expected to complete work on its current well in the latter half of...