Noble CorpNE
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
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]
Research analyst outlook
7 Wall Street Analysts provided 1 year price forecasts over the past 6 months
7 analyst ratings
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 |
Financial journalist opinion
Based on 5 articles about NE published over the past 30 days