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Noble Corporation plc (NE)

Upturn stock ratingUpturn stock rating
$28.59
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

08/28/2025: NE (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

11 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $34.2

1 Year Target Price $34.2

Analysts Price Target For last 52 week
$34.2 Target price
52w Low $17.08
Current$28.59
52w High $35.93

Analysis of Past Performance

Type Stock
Historic Profit -43.99%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.56B USD
Price to earnings Ratio 15.13
1Y Target Price 34.2
Price to earnings Ratio 15.13
1Y Target Price 34.2
Volume (30-day avg) 11
Beta 1.11
52 Weeks Range 17.08 - 35.93
Updated Date 08/29/2025
52 Weeks Range 17.08 - 35.93
Updated Date 08/29/2025
Dividends yield (FY) 6.97%
Basic EPS (TTM) 1.89

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-08-05
When -
Estimate 0.51
Actual 0.13

Profitability

Profit Margin 9.39%
Operating Margin (TTM) 16.69%

Management Effectiveness

Return on Assets (TTM) 6.73%
Return on Equity (TTM) 7.18%

Valuation

Trailing PE 15.13
Forward PE 24.04
Enterprise Value 6180643060
Price to Sales(TTM) 1.38
Enterprise Value 6180643060
Price to Sales(TTM) 1.38
Enterprise Value to Revenue 1.79
Enterprise Value to EBITDA 5.46
Shares Outstanding 158824992
Shares Floating 155840483
Shares Outstanding 158824992
Shares Floating 155840483
Percent Insiders 21.04
Percent Institutions 76.82

ai summary icon Upturn AI SWOT

Noble Corporation plc

stock logo

Company Overview

overview logo History and Background

Noble Corporation plc, founded in 1921, has evolved from a domestic land drilling business to a leading offshore drilling contractor. Significant milestones include international expansion and strategic acquisitions, establishing its global presence.

business area logo Core Business Areas

  • Offshore Drilling Services: Provides contract drilling services using a fleet of mobile offshore drilling units (MODUs), including drillships and jackups. These services are essential for oil and gas exploration and production.

leadership logo Leadership and Structure

Robert Eifler serves as the President and CEO. The company operates with a functional organizational structure, with key departments overseeing operations, finance, and technology.

Top Products and Market Share

overview logo Key Offerings

  • Drillships: Noble operates a fleet of drillships capable of drilling in deepwater environments. Competitors: Transocean (RIG), Valaris (VAL), Diamond Offshore (DO). Market share data is dynamic and depends on contract awards but is estimated to be between 5-10% globally.
  • Jackup Rigs: Noble provides Jackup Rigs for oil drilling in shallow waters. Competitors: Shelf Drilling, Borr Drilling. Market share data is dynamic and depends on contract awards but is estimated to be between 5-10% globally.

Market Dynamics

industry overview logo Industry Overview

The offshore drilling industry is cyclical and depends on oil and gas prices. Currently, the market is recovering due to increased demand and limited rig supply.

Positioning

Noble is a major player in the offshore drilling market, with a modern fleet and a strong reputation for safety and performance. Its competitive advantage lies in its operational efficiency and advanced drilling technology.

Total Addressable Market (TAM)

The offshore drilling market is estimated to be tens of billions of dollars annually. Noble is positioned to capture a significant portion of this TAM through its diversified fleet and global presence.

Upturn SWOT Analysis

Strengths

  • Modern and diversified fleet
  • Strong operational performance
  • Global presence
  • Experienced management team
  • Strong safety record

Weaknesses

  • High capital expenditures
  • Exposure to volatile oil and gas prices
  • Dependence on a few major clients
  • Sensitivity to regulatory changes

Opportunities

  • Increased demand for offshore drilling
  • Expansion into new geographic markets
  • Technological advancements in drilling equipment
  • Growing demand for decommissioning services

Threats

  • Declining oil and gas prices
  • Increased competition
  • Environmental regulations
  • Geopolitical instability

Competitors and Market Share

competitor logo Key Competitors

  • Transocean (RIG)
  • Valaris (VAL)
  • Diamond Offshore (DO)
  • Seadrill (SDRL)
  • Shelf Drilling (SHLF)

Competitive Landscape

Noble faces intense competition from other offshore drilling contractors. Its competitive advantage lies in its modern fleet and operational expertise.

Growth Trajectory and Initiatives

Historical Growth: Noble's historical growth has been cyclical, with periods of expansion and contraction influenced by oil and gas prices.

Future Projections: Future growth projections are based on analyst estimates, which vary depending on market conditions and company performance.

Recent Initiatives: Recent initiatives include fleet upgrades and strategic partnerships to enhance operational efficiency and market reach.

Summary

Noble Corporation is a leading offshore drilling contractor with a modern fleet and global presence. Its success depends on the volatile oil and gas market and the ability to maintain operational efficiency. Key challenges include managing capital expenditures and adapting to changing environmental regulations. Noble's strategic initiatives focus on fleet upgrades and expanding its market reach.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Reports
  • Industry Analysis
  • Market Research Reports

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Noble Corporation plc

Exchange NYSE
Headquaters Houston, TX, United States
IPO Launch date 1990-03-26
President, CEO & Director Mr. Robert W. Eifler
Sector Energy
Industry Oil & Gas Drilling
Full time employees 5000
Full time employees 5000

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services through its fleet of mobile offshore drilling units. It operates drilling rigs, such as floaters and jackups. Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.