Noble Corp (NE)

• Market cap: $3.84B
• 1 day: -1.19%
• 5 days: -1.63%
• 1 month: 2.37%
• 3 months: -26.67%
• 6 months: -33.98%
• Year to date: -26.67%
• 1 year: -50.75%
• 5 years: 10,025.68%
• 10 years: 63.75%
• Sector: Energy
• Industry: Oil & Gas Drilling

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: 5,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

39% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 83

3% more call options, than puts

Call options by funds: $38.1M | Put options by funds: $36.9M

0.9% less ownership

Funds ownership: 72.88% [Q3] → 71.98% (-0.9%) [Q4]

4% less funds holding

Funds holding: 300 [Q3] → 289 (-11) [Q4]

10% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 60

15% less capital invested

Capital invested by funds: $4.28B [Q3] → $3.62B (-$659M) [Q4]

23% less funds holding in top 10

Funds holding in top 10: 13 [Q3] → 10 (-3) [Q4]

Research analyst outlook

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

• Low target: $34 41% upside
• Avg. target: $38 57% upside
• High target: $41 70% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Citigroup Scott Gruber 46% 1-year accuracy 33 / 72 met price target	41% upside $34	Buy Maintained	19 Mar 2025
Barclays Eddie Kim 0% 1-year accuracy 0 / 11 met price target	61% upside $39	Overweight Maintained	25 Feb 2025
Evercore ISI Group James West 40% 1-year accuracy 12 / 30 met price target	70% upside $41	In-Line Downgraded	15 Jan 2025