Noble Corp (NE)

• Market cap: $4.29B
• 1 day: -3.55%
• 5 days: -9.51%
• 1 month: -19.52%
• 3 months: -22.42%
• 6 months: -27.30%
• Year to date: -18.33%
• 1 year: -38.30%
• 5 years: -8.99%
• 10 years: -8.99%
• Sector: Energy
• Industry: Drilling Oil & Gas Wells

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)

38% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 82

3% more call options, than puts

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

1.1% less ownership

Funds ownership: 72.89% [Q3] → 71.79% (-1.1%) [Q4]

6% less funds holding

Funds holding: 300 [Q3] → 281 (-19) [Q4]

12% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 57

16% less capital invested

Capital invested by funds: $4.28B [Q3] → $3.61B (-$669M) [Q4]

23% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $37 37% upside
• Avg. target: $40 49% upside
• High target: $42 56% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Evercore ISI Group James West 57% 1-year accuracy 21 / 37 met price target	52% upside $41	In-Line Downgraded	15 Jan 2025
Barclays Eddie Kim 0% 1-year accuracy 0 / 10 met price target	56% upside $42	Overweight Maintained	18 Dec 2024
JP Morgan Arun Jayaram 40% 1-year accuracy 14 / 35 met price target	37% upside $37	Neutral Initiated	6 Dec 2024
Citigroup Nikhil Gupta 0% 1-year accuracy 0 / 6 met price target	49% upside $40	Buy Maintained	27 Nov 2024