NE stock icon

Noble Corp

35.58 USD
+0.79
2.27%
Updated Nov 11, 12:23 PM EST
1 day
2.27%
5 days
12.74%
1 month
-0.81%
3 months
-10.33%
6 months
-24.14%
Year to date
-26.23%
1 year
-25.44%
5 years
20.28%
10 years
20.28%
 

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

0
Funds holding %
of 6,759 funds
0
Analysts bullish %
of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

35% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 84

1.64% more ownership

Funds ownership: 70.12% [Q1] → 71.76% (+1.64%) [Q2]

2% less funds holding

Funds holding: 278 [Q1] → 273 (-5) [Q2]

6% less capital invested

Capital invested by funds: $4.85B [Q1] → $4.58B (-$273M) [Q2]

8% less funds holding in top 10

Funds holding in top 10: 12 [Q1] → 11 (-1) [Q2]

14% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 37

17% less call options, than puts

Call options by funds: $26.6M | Put options by funds: $31.9M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$38
7%
upside
Avg. target
$48
35%
upside
High target
$64
80%
upside

6 analyst ratings

positive
67%
neutral
33%
negative
0%
Susquehanna
Charles Minervino
49% 1-year accuracy
33 / 67 met price target
7%upside
$38
Neutral
Maintained
7 Nov 2024
Evercore ISI Group
James West
52% 1-year accuracy
17 / 33 met price target
80%upside
$64
Outperform
Maintained
7 Nov 2024
Barclays
Eddie Kim
25% 1-year accuracy
2 / 8 met price target
35%upside
$48
Overweight
Maintained
23 Oct 2024
Susquehanna
Charles Minervino
49% 1-year accuracy
33 / 67 met price target
12%upside
$40
Neutral
Maintained
11 Oct 2024
Barclays
Eddie Kim
25% 1-year accuracy
2 / 8 met price target
52%upside
$54
Overweight
Maintained
20 Sept 2024

Financial journalist opinion

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

Neutral
PRNewsWire
5 days ago
NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2024 RESULTS AND ADDITIONAL SHARE REPURCHASE AUTHORIZATION
Closed Diamond acquisition on September 4th Increased capital return program with additional share repurchase authorization of $400 million Repurchased 6.9 million of shares in Q3 2024, $0.50 per share dividend declared for Q4 2024, bringing total FY 2024 cash returns to shareholders to over $525 million, including Q4 dividend Q3 Net Income of $61 million, Diluted Earnings Per Share of $0.40, Adjusted EBITDA of $291 million, net cash provided by operating activities of $284 million, and Free Cash Flow of $165 million Q4 2024 Guidance provided as follows: Total Revenue $850 to $890 million, Adjusted EBITDA $275 to $305 million, Capital Additions (net of reimbursements) $105 to $135 million SUGAR LAND, Texas , Nov. 5, 2024 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, CSE: NOBLE, "Noble" or the "Company") today reported third quarter 2024 results. Three Months Ended (in millions, except per share amounts) September 30, 2024 September 30, 2023 June 30,2024 Total Revenue $                   801 $                   697 $                   693 Contract Drilling Services Revenue 764 671 661 Net Income (Loss) 61 158 195 Adjusted EBITDA* 291 283 271 Adjusted Net Income (Loss)* 89 127 105 Basic Earnings (Loss) Per Share 0.41 1.14 1.37 Diluted Earnings (Loss) Per Share 0.40 1.09 1.34 Adjusted Diluted Earnings (Loss) Per Share* 0.58 0.87 0.72 * A Non-GAAP supporting schedule is included with the statements and schedules in this press release.
NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2024 RESULTS AND ADDITIONAL SHARE REPURCHASE AUTHORIZATION
Charts implemented using Lightweight Charts™