Noble CorpNE
Market Cap: $5.66B
About: Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.
Employees: 3,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 86
1.12% less ownership
Funds ownership: 69.79% [Q1] → 68.67% (-1.12%) [Q2]
2% less funds holding
Funds holding: 278 [Q1] → 273 (-5) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 11 (-1) [Q2]
9% less capital invested
Capital invested by funds: $4.83B [Q1] → $4.38B (-$447M) [Q2]
14% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 37
17% less call options, than puts
Call options by funds: $26.6M | Put options by funds: $31.9M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Eddie Kim 0% 1-year accuracy 0 / 5 met price target | 62%upside $55 | Overweight Maintained | 9 Aug 2024 |
Benchmark Kurt Hallead 14% 1-year accuracy 5 / 36 met price target | 77%upside $60 | Buy Reiterated | 2 Aug 2024 |
Susquehanna Charles Minervino 31% 1-year accuracy 17 / 55 met price target | 39%upside $47 | Neutral Maintained | 11 Jul 2024 |
Benchmark Kurt Hallead 14% 1-year accuracy 5 / 36 met price target | 77%upside $60 | Buy Reiterated | 11 Jun 2024 |
Financial journalist opinion
Based on 8 articles about NE published over the past 30 days