Noble Corporation PLC (NYSE:NE) Stock Has Average Target Price of $45.29

Key Points

• Analysts rate Noble “Hold” on average, with six hold, two buy and one strong-buy recommendation. The average 12-month price target is $45.29, below the stock’s reported price of $48.02.
• Noble reported a third-quarter loss of $0.57 per share, missing the $0.23 consensus estimate, while revenue of $728.8 million exceeded expectations but fell 8.6% year over year.
• Institutional investors own 68.14% of Noble’s stock, and several funds recently initiated positions. Investors are expected to focus on the company’s revised full-year revenue guidance, rig demand and day-rate outlook.

Shares of Noble Corporation PLC (NYSE:NE - Get Free Report) have earned an average rating of "Hold" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $45.29.

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Noble from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Barclays decreased their price target on Noble from $55.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Citigroup reissued a "neutral" rating on shares of Noble in a research note on Monday, September 7th. Fearnley Fonds raised shares of Noble from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Susquehanna boosted their price target on shares of Noble from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Monday, October 5th.

Institutional Trading of Noble

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new position in shares of Noble during the 3rd quarter worth approximately $498,000. Park Avenue Securities LLC purchased a new stake in shares of Noble during the third quarter worth about $747,000. Signaturefd LLC acquired a new position in Noble in the third quarter valued at $329,000. Evergreen Capital Management LLC purchased a new position in shares of Noble in the 3rd quarter worth $639,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Noble during the 3rd quarter worth about $254,000. Institutional investors and hedge funds own 68.14% of the company's stock.

Noble Stock Performance

Shares of NE opened at $48.02 on Tuesday. Noble has a 52 week low of $27.67 and a 52 week high of $54.98. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 51.63 and a beta of 1.00. The business has a 50-day simple moving average of $44.41 and a two-hundred day simple moving average of $43.96. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42.

Noble (NYSE:NE - Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.80). The firm had revenue of $728.76 million for the quarter, compared to analysts' expectations of $713.82 million. Noble had a return on equity of 1.93% and a net margin of 4.88%. The firm's revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned ($0.13) earnings per share. On average, analysts expect that Noble will post 0.47 EPS for the current year.

Key Headlines Impacting Noble

Here are the key news stories impacting Noble this week:

• Positive Sentiment: Third-quarter revenue totaled approximately $728.8 million, exceeding analyst expectations of about $713.8 million. The company also announced a dividend, providing some support for the stock. Noble Swings to Q3 Loss, Revenue Falls; Adjusts Full-Year Revenue Guidance, Announces Dividend
• Positive Sentiment: The revenue beat and the tax-related nature of much of the earnings weakness may lead investors to view the quarter as less damaging to Noble’s underlying operations than the headline loss suggests. Noble Q3 2026 Earnings
• Neutral Sentiment: Management adjusted its full-year revenue guidance, although the available report does not specify the size or direction of the revision. Investors will likely focus on the updated outlook and management’s commentary on rig demand and day rates. Noble Corp Misses Q3 EPS by 81 Cents; Offers Outlook
• Negative Sentiment: Noble reported a third-quarter loss of $0.57 per share, missing the $0.23 consensus estimate by $0.80 and worsening from a loss of $0.13 per share in the prior-year quarter. Revenue also declined 8.6% year over year. Noble Corporation Reports Q3 Loss, Tops Revenue Estimates
• Negative Sentiment: The large tax bill materially reduced reported profitability, while the earnings miss and reduced revenue compared with last year raise concerns about near-term operating momentum. Noble Corporation Reports Third-Quarter and Nine-Month Earnings

Noble Company Profile

Noble Corporation plc NYSE: NE is an offshore drilling contractor that provides drilling services to the global oil and gas industry. The company operates a fleet of offshore drilling units, including drillships, semisubmersible rigs and jackup rigs, which are used to explore for and develop oil and natural gas reserves beneath the seabed.

Noble's services include contract drilling, well planning, project management and other related support services. Its drilling units are designed to operate in a range of offshore environments, including deepwater and harsh-environment locations.

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