Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Noble Corporation ( (NE) ) has shared an update.
On August 5, 2025, Noble Corporation announced its second quarter results, reporting a net income of $43 million and a backlog of $6.9 billion. The company declared a $0.50 per share dividend for Q3, reflecting over $1.1 billion returned to shareholders since Q4 2022. Despite a decrease in revenue and net income compared to the previous quarter, Noble has secured approximately $380 million in new contracts, including significant deals in the U.S. Gulf and Papua New Guinea. The company updated its 2025 guidance, reducing total revenue expectations but increasing adjusted EBITDA and capital expenditures due to recent long-term contract awards. The sale of certain assets, including the Pacific Scirocco and Pacific Meltem, was completed, and additional sales are planned, indicating strategic asset management amid market volatility.
The most recent analyst rating on (NE) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Noble Corporation stock, see the NE Stock Forecast page.
More about Noble Corporation
Noble Corporation plc operates in the oil and gas industry, focusing on contract drilling services with a fleet of floaters and jackups. The company is engaged in providing offshore drilling services globally, with a significant market presence in the Gulf of Mexico, the North Sea, and other international locations.
Average Trading Volume: 2,144,161
Technical Sentiment Signal: Sell
Current Market Cap: $4.08B
For an in-depth examination of NE stock, go to TipRanks’ Overview page.