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NE Stock Chart & Stats
$46.77
-$0.79(-2.35%)
At close: 4:00 PM EST
$46.77
-$0.79(-2.35%)
Day’s Range― - ―
52-Week Range$25.24 - $54.98
Previous CloseN/A
Volume300.38K
Average Volume (3M)1.54M
Market Cap
$6.65B
Enterprise Value$9.18K
Total Cash (Recent Filing)$662.65M
Total Debt (Recent Filing)$1.92B
Price to Earnings (P/E)28.0
Beta1.10
Next Earnings
Jul 27, 2026EPS Estimate
0.17Next Dividend Ex-DateN/A
Dividend Yield8.85%
Share Statistics
EPS (TTM)1.45
Shares Outstanding159,545,940
10 Day Avg. Volume1,286,551
30 Day Avg. Volume1,539,685
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.99
Price to Sales (P/S)1.37
P/FCF Ratio10.38
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$49.83Price Target Upside6.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.08
Revenue Forecast (FY)$2.96B
Bulls Say, Bears Say
Bulls Say
Large, Contracted BacklogA $7.5B backlog with roughly $1.8B scheduled to convert in the remainder of 2026 and $2.4B in 2027 materially increases revenue visibility and reduces short-term spot exposure. This locked-in work supports contract renewal leverage, underpins the low end of EBITDA guidance and cushions the firm against offshore demand swings.
Strong Cash GenerationSustained operating cash flow (~$954M TTM) and positive free cash flow (~$444M TTM), reinforced by Q1 OCF and FCF, give Noble durable capacity to fund capex reactivations, maintain dividends, buy down expensive debt, and absorb cyclical downturns. Reliable cash conversion supports capital allocation flexibility in a capital‑intensive sector.
Improving Liquidity And MaturitiesActions to lift the revolver to $650M and extend it to 2031, plus issuing senior unsecured notes to redeem higher‑coupon secured paper, extend maturity profile and reduce secured leverage. This structural capital‑stack optimization increases financial flexibility for contract bidding, fleet reactivations, and lowers refinancing risk over the medium term.
Bears Say
Rising Leverage Vs Earlier YearsLeverage has grown materially relative to 2022–2023, reducing covenant and liquidity cushions typical for cyclical drilling names. Higher leverage constrains the company's ability to invest opportunistically, increases refinancing exposure in a downturn, and contributes to weaker capital returns as ROE has stepped down to roughly 5% TTM.
Revenue And Margin PressureA slight TTM revenue decline alongside margin compression versus 2023–2024 signals the business has encountered operational headwinds or pricing pressure. Sustained margin erosion would reduce free cash flow resilience, limit reinvestment capacity, and make funding of reactivations, dividends, or debt paydowns more dependent on cyclical market recovery.
Customer/regional Concentration RiskOver‑reliance on a single large customer and region raises execution and pricing risk: schedule shifts or contract renegotiations by Petrobras could disproportionately affect utilization and revenue timing. Concentration also amplifies geopolitical, regulatory, and single‑customer bargaining power exposures in an already cyclical offshore market.
Noble Corporation News
NE FAQ
What was Noble Corporation PLC’s price range in the past 12 months?
Noble Corporation PLC lowest stock price was $25.24 and its highest was $54.98 in the past 12 months.
What is Noble Corporation PLC’s market cap?
Noble Corporation PLC’s market cap is $6.65B.
When is Noble Corporation PLC’s upcoming earnings report date?
Noble Corporation PLC’s upcoming earnings report date is Jul 27, 2026 which is in 10 days.
How were Noble Corporation PLC’s earnings last quarter?
Noble Corporation PLC released its earnings results on Apr 26, 2026. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.213 by $0.047.
Is Noble Corporation PLC overvalued?
According to Wall Street analysts Noble Corporation PLC’s price is currently Undervalued.
Does Noble Corporation PLC pay dividends?
Noble Corporation PLC pays a Notavailable dividend of $0.5 which represents an annual dividend yield of 8.85%. See more information on Noble Corporation PLC dividends here
What is Noble Corporation PLC’s EPS estimate?
Noble Corporation PLC’s EPS estimate is 0.17.
How many shares outstanding does Noble Corporation PLC have?
Noble Corporation PLC has 159,545,940 shares outstanding.
What happened to Noble Corporation PLC’s price movement after its last earnings report?
Noble Corporation PLC reported an EPS of $0.26 in its last earnings report, beating expectations of $0.213. Following the earnings report the stock price went down -3.359%.
Which hedge fund is a major shareholder of Noble Corporation PLC?
Currently, no hedge funds are holding shares in NE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Noble Corporation Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$49.83 (6.55% Upside)
$49.83 (6.55% Upside)
Blogger Sentiment
Bullish
NE Sentiment 70%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 175.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 18.1%
Last 30 Days ▲ 12.0%
Last 30 Days ▲ 12.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
56.35%
12-Months-Change
Fundamentals
Return on Equity
5.01%
Trailing 12-Months
Asset Growth
-5.46%
Trailing 12-Months
Company Description
Noble Corporation PLC
Operating globally through its subsidiaries, Noble Corporation Plc functions as an offshore drilling contractor for the oil and gas sector. The company delivers essential contract drilling services, leveraging its diverse fleet of mobile offshore units. As of February 16, 2022, this fleet comprised 20 offshore drilling units, specifically consisting of 12 floaters and 8 jackups. Established in 1921, Noble Corporation, formerly known as Noble Holding Corporation plc, maintains its headquarters in Sugar Land, Texas.
NE Stock 12 Month Forecast
Average Price Target
$49.83
▲(6.55% Upside)
Technical Analysis
Ownership Overview
0.99% Insiders
29.18% Mutual Funds
0.11% Other Institutional Investors
69.72% Public Companies and
Individual Investors