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Noble Corporation plc (NE)



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Upturn Advisory Summary
05/23/2025: NE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $32.91
1 Year Target Price $32.91
5 | Strong Buy |
2 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -49.82% | Avg. Invested days 21 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - |
Upturn AI SWOT
Noble Corporation plc
Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.noblecorp.com |
Full time employees 5000 | Website https://www.noblecorp.com |
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.
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