Noble (NE) Stock Price, News & Analysis

Company Overview

Noble Corp. Plc engages in the provision offshore drilling services for oil and gas industry. It focuses on a balanced fleet of floating and jackup rigs and the deployment of drilling rigs in oil and gas basins around the world. The company was founded by Lloyd Noble and Art Olson in 1921 and is headquartered in London, the United Kingdom.

Key Stats

• Today's Range: $34.02 to $35.16
• 50-Day Range: N/A
• 52-Week Range: $0.12 to $2.32
• Volume: 1.72 million shs
• Average Volume: 2.41 million shs
• Market Capitalization: $5.59 billion
• P/E Ratio: 10.15
• Dividend Yield: 5.74%
• Price Target: $52.83
• Consensus Rating: Moderate Buy

Noble Stock Analysis - MarketRank™

Noble scored higher than 87% of companies evaluated by MarketBeat, and ranked 53rd out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Noble has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Noble has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.23%

Earnings Growth

Earnings for Noble are expected to grow by 5.23% in the coming year, from $2.87 to $3.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Noble is 10.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Noble is 10.15, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.87.

Price to Book Value per Share Ratio

Noble has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.07% of the float of Noble has been sold short.

Short Interest Ratio / Days to Cover

Noble has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Noble has recently decreased by 6.01%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Noble is a leading dividend payer. It pays a dividend yield of 5.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Noble does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Noble is 58.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Noble will have a dividend payout ratio of 66.23% next year. This indicates that Noble will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.07% of the float of Noble has been sold short.

Short Interest Ratio / Days to Cover

Noble has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Noble has recently decreased by 6.01%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 3 news articles for Noble this week, compared to 2 articles on an average week.

Search Interest

13 people have searched for NE on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.

MarketBeat Follows

3 people have added Noble to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Noble insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.10% of the stock of Noble is held by insiders.

Percentage Held by Institutions

68.14% of the stock of Noble is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NE Stock Analysis - Frequently Asked Questions

How were Noble's earnings last quarter?

Noble Co. plc (NYSE:NE) announced its quarterly earnings results on Tuesday, November, 5th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by $0.34. Noble's revenue for the quarter was up 14.8% on a year-over-year basis.

How will Noble's stock buyback program work?

Noble's Board of Directors initiated a stock buyback program on Tuesday, November 5th 2024, which authorizes the company to repurchase $400,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 8.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Who are Noble's major shareholders?

Top institutional shareholders of Noble include Principal Financial Group Inc. (3.48%), Van ECK Associates Corp (1.33%), Charles Schwab Investment Management Inc. (1.07%) and Thrivent Financial for Lutherans (0.88%). Insiders that own company stock include Invest A/S Apmh, Pacific Investment Management, Richard B Barker, Robert W Eifler, Laura D Campbell and Caroline Alting.
View institutional ownership trends.

What other stocks do shareholders of Noble own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Noble investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Eli Lilly and Company (LLY) and Broadcom (AVGO).

Company Calendar

• Ex-Dividend for 9/26 Dividend: 9/12/2024
• Dividend Payable: 9/26/2024
• Last Earnings: 11/05/2024
• Today: 11/14/2024
• Ex-Dividend for 12/19 Dividend: 12/05/2024
• Dividend Payable: 12/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: N/A
• Current Symbol: NYSE:NE
• CUSIP: N/A
• CIK: N/A
• Web: www.noblecorp.com
• Phone: 442033002300
• Fax: 44-20-3300-2301
• Employees: 3,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $52.83
• High Stock Price Target: $64.00
• Low Stock Price Target: $38.00
• Potential Upside/Downside: +51.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.43
• Trailing P/E Ratio: 10.15
• Forward P/E Ratio: 12.14
• P/E Growth: N/A
• Net Income: $481.90 million
• Net Margins: 18.08%
• Pretax Margin: 18.49%
• Return on Equity: 7.68%
• Return on Assets: 5.16%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 1.57
• Quick Ratio: 1.57

Sales & Book Value

• Annual Sales: $2.59 billion
• Price / Sales: 2.16
• Cash Flow: $3.25 per share
• Price / Cash Flow: 10.73
• Book Value: $29.21 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 160,370,000
• Free Float: 158,606,000
• Market Cap: $5.59 billion
• Optionable: Optionable
• Beta: 1.01