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NE
Upturn stock ratingUpturn stock rating

Noble Corporation plc (NE)

Upturn stock ratingUpturn stock rating
$23.49
Last Close (24-hour delay)
Profit since last BUY-3.93%
upturn advisory
WEAK BUY
BUY since 9 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Advisory Summary

05/23/2025: NE (1-star) has a low Upturn Star Rating. Not recommended to BUY.

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

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $32.91

1 Year Target Price $32.91

Analysts Price Target For last 52 week
$32.91Target price
Low$17.08
Current$23.49
high$45.43

Analysis of Past Performance

Type Stock
Historic Profit -49.82%
Avg. Invested days 21
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
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 05/23/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.25B USD
Price to earnings Ratio 9.01
1Y Target Price 32.91
Price to earnings Ratio 9.01
1Y Target Price 32.91
Volume (30-day avg) 11
Beta 1.11
52 Weeks Range 17.08 - 45.43
Updated Date 06/30/2025
52 Weeks Range 17.08 - 45.43
Updated Date 06/30/2025
Dividends yield (FY) 7.47%
Basic EPS (TTM) 2.97

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 -
When -
Estimate -
Actual -

Profitability

Profit Margin 14.69%
Operating Margin (TTM) 24.3%

Management Effectiveness

Return on Assets (TTM) 7.32%
Return on Equity (TTM) 10.76%

Valuation

Trailing PE 9.01
Forward PE 22.32
Enterprise Value 5925649732
Price to Sales(TTM) 1.35
Enterprise Value 5925649732
Price to Sales(TTM) 1.35
Enterprise Value to Revenue 1.8
Enterprise Value to EBITDA 5.27
Shares Outstanding 158783008
Shares Floating 155798350
Shares Outstanding 158783008
Shares Floating 155798350
Percent Insiders 21.04
Percent Institutions 74.55

Analyst Ratings

Rating 4
Target Price 32.91
Buy 2
Strong Buy 5
Buy 2
Strong Buy 5
Hold 4
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Noble Corporation plc

stock logo

Company Overview

overview logo History and Background

Noble Corporation was founded in 1921. Originally involved in oil production, it transitioned to offshore drilling services, growing through acquisitions and organic expansion. The company has navigated several industry cycles and restructurings.

business area logo Core Business Areas

  • Drilling Services: Provides contract drilling services for oil and gas exploration and production companies worldwide, operating a fleet of offshore drilling units including drillships and jackups.

leadership logo Leadership and Structure

Robert Eifler serves as the President and CEO. The company operates with a typical corporate structure, including a board of directors and various executive leadership roles overseeing different operational and financial functions.

Top Products and Market Share

overview logo Key Offerings

  • Drillships: High-specification, dynamically positioned (DP) drillships capable of operating in deepwater and ultra-deepwater environments. Noble is a major player in deepwater drilling. Competitors: Transocean, Valaris, Seadrill.
  • Jackups: Mobile, self-elevating drilling units designed for shallow-water environments. Noble operates a significant fleet of jackups. Competitors: Borr Drilling, Valaris, Shelf Drilling.

Market Dynamics

industry overview logo Industry Overview

The offshore drilling industry is highly cyclical and influenced by oil and gas prices, exploration and production spending by oil companies, and the availability of drilling rigs. The industry has been recovering from a downturn in recent years.

Positioning

Noble Corporation is a major offshore drilling contractor with a modern fleet of drillships and jackups. It competes based on rig capabilities, geographic presence, and contract terms.

Total Addressable Market (TAM)

Estimated TAM in the offshore drilling market is $40-50 Billion. Noble is positioned to capture a piece of this through contracts.

Upturn SWOT Analysis

Strengths

  • Modern and diverse fleet of drilling rigs
  • Global operational footprint
  • Experienced management team
  • Strong safety record

Weaknesses

  • High debt levels (though significantly reduced post-restructuring)
  • Exposure to volatile oil and gas prices
  • Dependence on capital expenditures by oil companies
  • Limited pricing power in a competitive market

Opportunities

  • Increased offshore exploration and production activity
  • Growing demand for deepwater drilling
  • Retirement of older drilling rigs
  • Expansion into new geographic markets

Threats

  • Decline in oil and gas prices
  • Oversupply of drilling rigs
  • Technological advancements rendering existing rigs obsolete
  • Geopolitical risks and regulatory changes

Competitors and Market Share

competitor logo Key Competitors

  • RIG
  • VAL
  • SDRL

Competitive Landscape

Noble competes with other major offshore drilling contractors on the basis of rig capabilities, contract terms, and geographic presence. The industry is highly competitive.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been characterized by industry cycles. The company's performance reflects fluctuations in oil prices and exploration spending.

Future Projections: Analyst projections depend on future oil prices and drilling activity. Refer to financial news and research reports for specific growth estimates.

Recent Initiatives: Recent initiatives focus on optimizing fleet utilization, securing long-term contracts, and improving operational efficiency.

Summary

Noble Corporation is a key player in offshore drilling, recently emerging from restructuring. Improved dayrates and utilization are boosting performance. They must carefully manage debt and adapt to industry changes while maintaining operational excellence to remain competitive.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Website
  • Financial News Outlets
  • Analyst Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market data is subject to change. Conduct thorough research before making any investment decisions.

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.