Noble Corp
NE

$47.50

0.42%

Market Cap: 6.79B

About: Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.

Employees: 3,600

Energy Drilling Oil & Gas Wells

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

29.54% more ownership

Funds ownership: 39.92% [Q4 2023] → 69.45% (+29.54%) [Q1 2024]

20% more call options, than puts

Call options by funds: $41.5M | Put options by funds: $34.6M

3% more capital invested

Capital invested by funds: $4.68B [Q4 2023] → $4.81B (+$131M) [Q1 2024]

1% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 95

7% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 43

1% less funds holding

Funds holding: 277 [Q4 2023] → 274 (-3) [Q1 2024]

25% less funds holding in top 10

Funds holding in top 10: 16 [Q4 2023] → 12 (-4) [Q1 2024]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$44

7%

downside

Avg. target

$53

12%

upside

High target

$61

28%

upside

7 analyst ratings

3 positive

43%

4 neutral

57%

0 negative

0%

Susquehanna Charles Minervino	1%downside $47	Neutral Maintained	11 Jul 2024
Benchmark Kurt Hallead	26%upside $60	Buy Reiterated	11 Jun 2024
Susquehanna Charles Minervino	3%upside $49	Neutral Maintained	8 May 2024
Susquehanna Charles Minervino	7%upside $51	Neutral Maintained	8 Apr 2024
Barclays Eddie Kim	24%upside $59	Overweight Maintained	5 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about NE published over the past 30 days

Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update

SUGAR LAND, Texas , July 25, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond") (NYSE: DO) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in relation to the pending merger between Noble and Diamond, expired at 11:59 ET on July 24, 2024. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Diamond's stockholders and the receipt of informal clearance by the Australian Competition & Consumer Commission.

Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update

24/7 Wall Street

Recent Insider Buying Is Focused on These 5 Stocks

24/7 Insights With the new quarter begun and second-quarter earnings reports starting to come in, insider buying has slowed to a trickle.

Recent Insider Buying Is Focused on These 5 Stocks

Noble Corporation plc announces its intention to delist from NASDAQ Copenhagen

SUGAR LAND, Texas , July 18, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble", "the Company") (NYSE: NE, CSE: NOBLE) announces its intention to voluntarily delist from NASDAQ Copenhagen ("NASDAQ"). Noble will remain traded on the New York Stock Exchange ("NYSE"), as Noble's primary listing exchange.

Noble Corporation plc announces its intention to delist from NASDAQ Copenhagen

Noble Corporation plc to announce second quarter 2024 results

SUGAR LAND, Texas , July 16, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (CSE: NOBLE, NYSE: NE) today announces plans to report financial results for the second quarter 2024 on Wednesday July 31, 2024 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.

Noble Corporation plc to announce second quarter 2024 results

Zacks Investment Research

Noble (NE) Inks Offshore Drilling Contract With Trident Energy

Noble (NE)-owned Noble Venturer drillship is expected to drill two infill wells in Block G and an Akeng Deep ILX well in Block S offshore Equatorial Guinea.

Noble (NE) Inks Offshore Drilling Contract With Trident Energy

Shipping Trends: J Mintzmyer And Edward Finley-Richardson On Marine Money 2024

Shipping trends with J Mintzmyer and Ed Finley-Richardson. Valuations and investor excitement compared to ship owners' cautious optimism.

Shipping Trends: J Mintzmyer And Edward Finley-Richardson On Marine Money 2024

Investors Business Daily

Consolidation In The Offshore Drilling Sector Is Underway. But Will Oil Prices Support Deep-Sea Demand?

Oil prices are below where the offshore drilling sector needs them. But Guyana's oil patch awaits.

Consolidation In The Offshore Drilling Sector Is Underway. But Will Oil Prices Support Deep-Sea Demand?

Zacks Investment Research

Oilfield Service Firms Latest to Jump on the M&A Bandwagon

The Noble (NE)-Diamond Offshore (DO) transaction comes at a time when the offshore drilling market is benefiting from increased exploration and production spending.

Oilfield Service Firms Latest to Jump on the M&A Bandwagon

DIAMOND OFFSHORE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond Offshore Drilling, Inc. - DO

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc (NYSE: NE). Under the terms of the proposed transaction, shareholders of Diamond will receive $5.65 in cash and 0.2316 shares of Noble for each share of Diamond that they own. KSF is seeking to determine whether this consideration and the proc.

DIAMOND OFFSHORE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond Offshore Drilling, Inc. - DO

Zacks Investment Research

Noble (NE) to Acquire Diamond Offshore, Expand Drilling Fleet

Noble's (NE) merger with Diamond Offshore (DO) is expected to position the former as a leader in offshore drilling services, owning a giant fleet of 41 rigs and a contract backlog of $6.5 billion.

Noble (NE) to Acquire Diamond Offshore, Expand Drilling Fleet

See News Rankings