Noble Corp
NE

$33.86

3.89%

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

Energy Drilling Oil & Gas Wells

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 4 analysts

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

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$47

39%

upside

Avg. target

$56

64%

upside

High target

$60

77%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about NE published over the past 30 days

Noble Corporation plc announces closing of Diamond acquisition and new appointment to the board of directors

SUGAR LAND, Texas , Sept. 4, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble", the "Company") (CSE: NOBLE, NYSE: NE) today announces the completion of its acquisition of Diamond Offshore Drilling, Inc ("Diamond").

Noble Corporation plc announces closing of Diamond acquisition and new appointment to the board of directors

Noble Corporation plc announces changes to its share capital including share repurchases for the month of August 2024

SUGAR LAND, Texas , Aug. 31, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (NYSE: NE, CSE: NOBLE) today announces changes to its share capital. During the month of August, Noble has repurchased approximately USD 44.2 million of A ordinary shares under its previously announced share repurchase plan at a weighted average price of approximately USD 37.90 per A ordinary share.

Noble Corporation plc announces changes to its share capital including share repurchases for the month of August 2024

Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction

SUGAR LAND, Texas , Aug. 30, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond Offshore") (NYSE: DO) announced today the receipt of clearance from the Australia Competition & Consumer Commission, in relation to the pending transaction between Noble and Diamond Offshore, which is the final required regulatory approval for the transaction. The parties expect to close the transaction on Wednesday September 4 th, 2024.

Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction

These offshore oil drillers look like bargain stocks as the industry recovers

The energy sector has been the best performer among the 11 sectors of the S&P 500 over the past three years, but investors remain wary of oil and natural-gas producers and the companies that service them.

These offshore oil drillers look like bargain stocks as the industry recovers

Navigating Through The Storm: Noble Corporation's Undervalued Potential

Noble Corporation's stock has significantly lagged behind the broader market, dropping by 26% in the last year. Gross revenues have increased by 200% over the last 3 years, driven by higher contract drilling revenues and increased reimbursables. The company has an EBITDA margin of 39%. Noble's merger with Diamond is expected to bring revenue and cost synergies, reducing concentration risk and making the joint entity a market leader.

Navigating Through The Storm: Noble Corporation's Undervalued Potential

NOBLE CORPORATION PLC ANNOUNCES CLOSING OFFERING OF AN ADDITIONAL $800 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

SUGAR LAND, Texas , Aug. 22, 2024 /PRNewswire/ -- Noble Corporation plc ("Parent" and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of Parent, has closed the previously disclosed offering (the "Offering") of an additional $800 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the "New Notes"). Noble intends to use the net proceeds from the Offering to fund the cash consideration in connection with its pending merger with Diamond Offshore Drilling, Inc. and for general corporate purposes.

NOBLE CORPORATION PLC ANNOUNCES CLOSING OFFERING OF AN ADDITIONAL $800 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Noble Corporation reported strong Q2/2024 results with revenue and profitability outperforming consensus expectations. While the company's full-year outlook was largely unchanged, management now expects lower deepwater contracting to extend well into 2025. Subsequent to quarter-end, the company raised $800 million in an upsized senior notes offering in order to cover the cash component of the proposed acquisition of Diamond Offshore Drilling.

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Are AI Stocks A Better Investment Then Value Stocks?

One can find stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares investing in the Magnificent Seven Stocks to high total return dividend value stocks. The best-balanced stocks provide potential returns three times that of the Magnificent Seven.

Are AI Stocks A Better Investment Then Value Stocks?

NOBLE CORPORATION PLC ANNOUNCES PRICING AND UPSIZING OF OFFERING OF AN ADDITIONAL $800 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

SUGAR LAND, Texas , Aug. 8, 2024 /PRNewswire/ -- Noble Corporation plc ("Parent" and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of Parent, has priced an offering (the "Offering") of an additional $800 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the "New Notes"). The offering size was increased to $800 million from the previously announced offering size of $675 million in aggregate principal amount of New Notes.

NOBLE CORPORATION PLC ANNOUNCES PRICING AND UPSIZING OF OFFERING OF AN ADDITIONAL $800 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

NOBLE CORPORATION PLC ANNOUNCES OFFERING OF AN ADDITIONAL $675 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

SUGAR LAND, Texas , Aug. 8, 2024 /PRNewswire/ -- Noble Corporation plc ("Parent" and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of Parent, has commenced an offering (the "Offering") of an additional $675 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the "New Notes"). Noble intends to use the net proceeds from the Offering to fund the cash consideration in connection with its pending merger with Diamond Offshore Drilling, Inc. and for general corporate purposes.

NOBLE CORPORATION PLC ANNOUNCES OFFERING OF AN ADDITIONAL $675 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

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