Noble (NYSE:NE) - Stock Price, News & Analysis

NE Stock Overview

Operates as an offshore drilling contractor for the oil and gas industry worldwide.

NE fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	4/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 64.5% below our estimate of its fair value

Earnings are forecast to grow 21.17% per year

Earnings grew by 74.8% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 54.6%

Risk Analysis

Dividend of 5.27% is not well covered by free cash flows

Shareholders have been diluted in the past year

Noble Corporation plc Competitors

Patterson-UTI Energy

NasdaqGS:PTEN

US$3.5b

Valaris

NYSE:VAL

US$4.4b

Helmerich & Payne

NYSE:HP

US$3.2b

Seadrill

NYSE:SDRL

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Noble
Historical stock prices
Current Share Price	US$37.92
52 Week High	US$55.34
52 Week Low	US$36.38
Beta	1.02
11 Month Change	-17.37%
3 Month Change	-16.42%
1 Year Change	-24.55%
33 Year Change	61.98%
5 Year Change	n/a
Change since IPO	53.21%

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Jun 22

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Jun 10

Recent updates

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Aug 21

Noble Corporation: The Post Acquisition Outlook

Jul 16

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Jul 15

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Jun 22

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Jun 10

We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt

May 11

Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)

Apr 20

Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching

Mar 30

Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet

Feb 07

Noble Corporation: Quality Backlogs With Room To Grow

Feb 05

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Dec 15

Noble Corporation: Strong Quarter, Raised Guidance, Undemanding Valuation - Buy

Nov 16

Noble Corporation Can Rise Further As Offshore Rig Capacity Remains Scarce

Oct 17

Noble Corporation Plc (NYSE:NE) Shares Could Be 50% Below Their Intrinsic Value Estimate

Oct 10

With EPS Growth And More, Noble (NYSE:NE) Makes An Interesting Case

Aug 13

Noble Corporation: Solid Quarter And Strong Long-Term Prospects - Buy

Aug 07

Noble Corporation: Not Enough Upside

Jul 24

If EPS Growth Is Important To You, Noble (NYSE:NE) Presents An Opportunity

May 07

Getting In Cheap On Noble Corporation Plc (NYSE:NE) Might Be Difficult

Mar 01

Noble updates Q4 Adjusted EBITDA guidance

Jan 23

Are Investors Undervaluing Noble Corporation Plc (NYSE:NE) By 50%?

Dec 27

Noble closes $350M term loan

Dec 22

Noble's (NYSE:NE) Robust Earnings Are Not All Good News For Shareholders

Nov 10

Noble Non-GAAP EPS of $0.50 beats by $0.11, revenue of $306M beats by $10.82M

Nov 03

Shareholder Returns

	NE	US Energy Services	US Market
7D	-1.4%	-2.5%	0.4%
1Y	-24.6%	-11.1%	25.3%

Return vs Industry: NE underperformed the US Energy Services industry which returned -11.1% over the past year.

Return vs Market: NE underperformed the US Market which returned 25.3% over the past year.

Price Volatility

Is NE's price volatile compared to industry and market?
NE volatility
NE Average Weekly Movement	5.4%
Energy Services Industry Average Movement	6.4%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.0%
10% least volatile stocks in US Market	3.2%

Stable Share Price: NE's share price has been volatile over the past 3 months.

Volatility Over Time: NE's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1921	3,600	Robert Eifler	www.noblecorp.com

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. It operates drilling rigs, such as floaters and jackups.

Noble Corporation plc Fundamentals Summary

How do Noble's earnings and revenue compare to its market cap?
NE fundamental statistics
Market cap	US$5.21b
Earnings (TTM)	US$598.51m
Revenue (TTM)	US$2.55b

9.1x

P/E Ratio

2.1x

P/S Ratio

Is NE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NE income statement (TTM)
Revenue	US$2.55b
Cost of Revenue	US$1.45b
Gross Profit	US$1.10b
Other Expenses	US$501.19m
Earnings	US$598.51m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 23, 2024

Earnings per share (EPS)	4.19
Gross Margin	43.07%
Net Profit Margin	23.44%
Debt/Equity Ratio	15.6%

How did NE perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

35%

Payout Ratio

Does NE pay a reliable dividends?

See NE dividend history and benchmarks

When do you need to buy NE by to receive an upcoming dividend?
Noble dividend dates
Ex Dividend Date	Sep 12 2024
Dividend Pay Date	Sep 26 2024
Days until Ex dividend	19 days
Days until Dividend pay date	33 days

Does NE pay a reliable dividends?

See NE dividend history and benchmarks

NE Stock Overview

Rewards

Risk Analysis

Noble Corporation plc Competitors

NasdaqGS:PTEN

US$3.5b

NYSE:VAL

US$4.4b

NYSE:HP

US$3.2b

NYSE:SDRL

US$2.8b

Price History & Performance

Recent News & Updates

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Noble Corporation: The Post Acquisition Outlook

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Noble Corporation plc Announces Increase to Quarterly Dividend

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Recent updates

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Noble Corporation: The Post Acquisition Outlook

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Noble Corporation plc Announces Increase to Quarterly Dividend

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Noble Corporation plc (NYSE:NE) entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others for approximately $1.6 billion.

Upcoming dividend of US$0.40 per share

We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Noble Corporation plc Maintains Revenue Guidance for the Full Year 2024

Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)

Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching

Consensus EPS estimates fall by 21%

Senior VP & CFO recently sold US$1.9m worth of stock

Upcoming dividend of US$0.40 per share

Senior VP & CFO notifies of intention to sell stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

President exercised options and sold US$25m worth of stock

Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet

Noble Corporation: Quality Backlogs With Room To Grow

Noble Corporation Plc, Annual General Meeting, Apr 17, 2024

Noble Corporation Plc to Report First Half, 2024 Results on Jul 31, 2024

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Noble Corporation Announces Appointment of H. Keith Jennings as Director

Noble Corporation: Strong Quarter, Raised Guidance, Undemanding Valuation - Buy

Upcoming dividend of US$0.40 per share at 3.3% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Noble Corporation plc Increases Earnings Guidance for the Full Year 2023

Noble Corporation Can Rise Further As Offshore Rig Capacity Remains Scarce

Noble Corporation Plc (NYSE:NE) Shares Could Be 50% Below Their Intrinsic Value Estimate

High number of new and inexperienced directors

With EPS Growth And More, Noble (NYSE:NE) Makes An Interesting Case

Consensus EPS estimates increase by 14%

Noble Corporation: Solid Quarter And Strong Long-Term Prospects - Buy

Price target increased by 7.2% to US$59.88

Noble Corporation plc Provides Revenue Guidance for the Full Year 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Noble Corporation: Not Enough Upside

New minor risk - Dividend sustainability

Noble Corporation plc Announces the Initiation of A Quarterly Interim Dividend, Payable on September 14, 2023

Investor sentiment improves as stock rises 15%

Insider recently sold US$636k worth of stock

President recently sold US$2.0m worth of stock

If EPS Growth Is Important To You, Noble (NYSE:NE) Presents An Opportunity

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Noble Corporation plc Provides Revenue Guidance for the Year 2023

Getting In Cheap On Noble Corporation Plc (NYSE:NE) Might Be Difficult

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Noble Corporation Plc to Report Q4, 2022 Results on Feb 26, 2023

President exercised options and sold US$3.0m worth of stock

Noble Corporation Plc, Annual General Meeting, May 02, 2023

Noble updates Q4 Adjusted EBITDA guidance

Are Investors Undervaluing Noble Corporation Plc (NYSE:NE) By 50%?

Noble closes $350M term loan

Less than half of directors are independent

Noble's (NYSE:NE) Robust Earnings Are Not All Good News For Shareholders

Noble Corporation Plc (NYSE:NE) announces an Equity Buyback.

Noble Non-GAAP EPS of $0.50 beats by $0.11, revenue of $306M beats by $10.82M