Noble Corp (NE)

• Market cap: $3.45B
• 1 day: -3.25%
• 5 days: 7.09%
• 1 month: -8.27%
• 3 months: -33.37%
• 6 months: -31.20%
• Year to date: -34.04%
• 1 year: -51.01%
• 5 years: -12.16%
• 10 years: -12.16%
• Sector: Energy
• Industry: Oil & Gas Drilling

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: 5,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

41% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 82

3% more call options, than puts

Call options by funds: $38.1M | Put options by funds: $36.9M

0.55% less ownership

Funds ownership: 72.53% [Q3] → 71.97% (-0.55%) [Q4]

4% less funds holding

Funds holding: 300 [Q3] → 289 (-11) [Q4]

10% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 60

15% less capital invested

Capital invested by funds: $4.26B [Q3] → $3.62B (-$638M) [Q4]

23% less funds holding in top 10

Funds holding in top 10: 13 [Q3] → 10 (-3) [Q4]

Research analyst outlook

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

• Low target: $25 15% upside
• Avg. target: $29 35% upside
• High target: $34 56% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Susquehanna Charles Minervino 41% 1-year accuracy 27 / 66 met price target	15% upside $25	Neutral Maintained	30 Apr 2025
Barclays Eddie Kim 25% 1-year accuracy 3 / 12 met price target	33% upside $29	Overweight Maintained	7 Apr 2025
Citigroup Scott Gruber 32% 1-year accuracy 24 / 75 met price target	56% upside $34	Buy Maintained	19 Mar 2025