NE icon

Noble Corp

31.87 USD
-0.33
1.02%
At close Feb 6, 4:00 PM EST
After hours
31.87
+0.00
0.00%
1 day
-1.02%
5 days
-2.48%
1 month
-3.75%
3 months
-9.92%
6 months
-19.62%
Year to date
-3.31%
1 year
-27.09%
5 years
7.74%
10 years
7.74%
 

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 6,831 funds
0
Analysts bullish %
of 5 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

118% more repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 60

75% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 44

18% more funds holding in top 10

Funds holding in top 10: 11 [Q2] → 13 (+2) [Q3]

10% more funds holding

Funds holding: 272 [Q2] → 299 (+27) [Q3]

8% more call options, than puts

Call options by funds: $52.8M | Put options by funds: $48.7M

0.71% more ownership

Funds ownership: 72.19% [Q2] → 72.89% (+0.71%) [Q3]

7% less capital invested

Capital invested by funds: $4.61B [Q2] → $4.28B (-$324M) [Q3]

Research analyst outlook

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

Low target
$37
16%
upside
Avg. target
$40
24%
upside
High target
$42
32%
upside

5 analyst ratings

positive
40%
neutral
60%
negative
0%
Evercore ISI Group
James West
45% 1-year accuracy
17 / 38 met price target
29%upside
$41
In-Line
Downgraded
15 Jan 2025
Barclays
Eddie Kim
30% 1-year accuracy
3 / 10 met price target
32%upside
$42
Overweight
Maintained
18 Dec 2024
JP Morgan
Arun Jayaram
42% 1-year accuracy
14 / 33 met price target
16%upside
$37
Neutral
Initiated
6 Dec 2024
Citigroup
Nikhil Gupta
17% 1-year accuracy
1 / 6 met price target
26%upside
$40
Buy
Maintained
27 Nov 2024
Susquehanna
Charles Minervino
42% 1-year accuracy
30 / 72 met price target
19%upside
$38
Neutral
Maintained
7 Nov 2024

Financial journalist opinion

Based on 7 articles about NE published over the past 30 days

Neutral
Zacks Investment Research
19 hours ago
NE to Retire Two Cold-Stacked Drillships in Fleet Optimization Move
Noble plans to divest the Pacific Meltem and Pacific Scirocco rigs and permanently keep them out of drilling operations.
NE to Retire Two Cold-Stacked Drillships in Fleet Optimization Move
Positive
Zacks Investment Research
2 days ago
Is Noble Corporation PLC (NE) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is Noble Corporation PLC (NE) a Great Value Stock Right Now?
Positive
Zacks Investment Research
2 days ago
Best Value Stocks to Buy for February 4th
NE, SAIC and SKYW made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 4, 2025.
Best Value Stocks to Buy for February 4th
Positive
Zacks Investment Research
2 days ago
Best Income Stocks to Buy for February 4th
BBDC, NE and PFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 4, 2025.
Best Income Stocks to Buy for February 4th
Neutral
PRNewsWire
3 days ago
Noble Corporation plc announces fleet retirements
HOUSTON , Feb. 3, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE: NE) today announces plans to divest the cold stacked drillships Pacific Meltem and Pacific Scirocco in order to eliminate costs related to these units and prioritize resources on the existing marketed fleet.  The Company intends to divest these units in a manner which would effectively retire them permanently from drilling operation, including potentially scrapping the units.
Noble Corporation plc announces fleet retirements
Neutral
PRNewsWire
1 week ago
Noble Corporation plc to announce fourth quarter and full year 2024 results
HOUSTON , Jan. 29, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE: NE) today announces plans to report financial results for the fourth quarter and full year 2024 on Monday February 17, 2025 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 fourth quarter and full year 2024 results
Positive
Seeking Alpha
3 weeks ago
Noble Corporation: Strong Free Cash Flow Generation, With The Majority Returned To Shareholders
Following the acquisitions of Maersk Drilling and Diamond Offshore, Noble Corporation is now one of the largest offshore drilling contractors, second only to Transocean based on enterprise value. Noble's capital structure is balanced with net debt accounting for less than 25% of the enterprise value. In contrast, Seadrill has almost no net debt, and Transocean remains overleveraged. In today's environment, Noble generates healthy free cash flows representing approximately 10% of the current market capitalization. Most of the excess cash is distributed to shareholders via buybacks and dividends.
Noble Corporation: Strong Free Cash Flow Generation, With The Majority Returned To Shareholders
Positive
Zacks Investment Research
1 month ago
Noble Clinches New Contract for Ocean Apex in Australia
NE's new drilling assignment in Australia is anticipated to last for at least 37 days. The assignment will follow Ocean Apex's prior commitments in the region.
Noble Clinches New Contract for Ocean Apex in Australia
Positive
Zacks Investment Research
1 month ago
Noble Corporation Wins $84M Contract for Petronas Offshore Suriname
NE's contract involves drilling three wells offshore Suriname for Petronas using its semi-submersible rig Noble Developer. The rig previously worked for Petronas in Suriname.
Noble Corporation Wins $84M Contract for Petronas Offshore Suriname
Neutral
Zacks Investment Research
1 month ago
NE Lands New Drilling Contracts in Ghana & the U.S. Gulf of Mexico
Noble Corporation's Noble Venturer drillship is expected to begin operations offshore Ghana in 2025 while Noble Globetrotter I is anticipated to start its contract early in January 2025.
NE Lands New Drilling Contracts in Ghana & the U.S. Gulf of Mexico
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