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NYSE:NE

Noble (NE) Stock Price, News & Analysis

Noble logo

About Noble Stock (NYSE:NE)

Key Stats

Today's Range
$29.49
$30.35
50-Day Range
N/A
52-Week Range
$0.12
$2.32
Volume
1.47 million shs
Average Volume
1.59 million shs
Market Capitalization
$4.75 billion
P/E Ratio
8.64
Dividend Yield
6.75%
Price Target
$46.83
Consensus Rating
Moderate Buy

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.

Noble Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
82nd Percentile Overall Score

NE MarketRank™: 

Noble scored higher than 82% of companies evaluated by MarketBeat, and ranked 68th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Noble has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Noble has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Noble's stock forecast and price target.
  • Earnings Growth

    Earnings for Noble are expected to grow by 13.47% in the coming year, from $2.45 to $2.78 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Noble is 8.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.27.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Noble is 8.64, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.60.

  • Price to Book Value per Share Ratio

    Noble has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    8.00% 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 5.
  • Change versus previous month

    Short interest in Noble has recently decreased by 4.61%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Noble is a leading dividend payer. It pays a dividend yield of 6.47%, 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 71.94% next year. This indicates that Noble will be able to sustain or increase its dividend.

  • Read more about Noble's dividend.
  • Percentage of Shares Shorted

    8.00% 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 5.
  • Change versus previous month

    Short interest in Noble has recently decreased by 4.61%, indicating that investor sentiment is improving.
  • Search Interest

    Only 8 people have searched for NE on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • 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.

  • Read more about Noble's insider trading history.
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NE Stock News Headlines

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See More Headlines

NE Stock Analysis - Frequently Asked Questions

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

Noble's board authorized a share buyback program on Tuesday, November 5th 2024, which authorizes the company to repurchase $400,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

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

Last Earnings
11/05/2024
Ex-Dividend for 12/19 Dividend
12/05/2024
Dividend Payable
12/19/2024
Today
12/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
CIK
N/A
Employees
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.83
High Stock Price Target
$64.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+58.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$481.90 million
Pretax Margin
18.49%

Debt

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$3.13 per share
Book Value
$27.80 per share

Miscellaneous

Free Float
158,606,000
Market Cap
$4.75 billion
Optionable
Optionable
Beta
1.00
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This page (NYSE:NE) was last updated on 12/30/2024 by MarketBeat.com Staff
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