Noble Company Profile (NYSE:NE)

About Noble (NYSE:NE)

Noble logoNoble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: N/A
  • Symbol: NYSE:NE
  • CUSIP: N/A
  • Web:
  • Market Cap: $1.12 billion
  • Outstanding Shares: 244,685,000
Average Prices:
  • 50 Day Moving Avg: $5.04
  • 200 Day Moving Avg: $6.09
  • 52 Week Range: $4.16 - $9.73
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -3.46
  • P/E Growth: 0.05
Sales & Book Value:
  • Annual Revenue: $2.01 billion
  • Price / Sales: 0.56
  • Book Value: $22.32 per share
  • Price / Book: 0.20
  • Annual Dividend: $0.04
  • Dividend Yield: 1.8%
  • EBIDTA: $1.16 billion
  • Net Margins: -40.55%
  • Debt-to-Equity Ratio: 0.62%
  • Current Ratio: 1.88%
  • Quick Ratio: 1.29%
  • Average Volume: 12.32 million shs.
  • Beta: 2.16
  • Short Ratio: 4.15

Frequently Asked Questions for Noble (NYSE:NE)

What is Noble's stock symbol?

Noble trades on the New York Stock Exchange (NYSE) under the ticker symbol "NE."

How often does Noble pay dividends? What is the dividend yield for Noble?

Noble declared a quarterly dividend on Friday, July 22nd. Investors of record on Monday, August 1st will be given a dividend of $0.02 per share on Monday, August 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, July 28th. View Noble's Dividend History.

How were Noble's earnings last quarter?

Noble Co. (NYSE:NE) posted its quarterly earnings results on Thursday, May, 4th. The company reported ($0.17) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.19) by $0.02. The business had revenue of $363 million for the quarter, compared to the consensus estimate of $368.25 million. The company's revenue was down 40.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. View Noble's Earnings History.

Where is Noble's stock going? Where will Noble's stock price be in 2017?

28 analysts have issued 1 year price objectives for Noble's stock. Their predictions range from $4.00 to $12.50. On average, they expect Noble's stock price to reach $7.20 in the next twelve months. View Analyst Ratings for Noble.

What are analysts saying about Noble stock?

Here are some recent quotes from research analysts about Noble stock:

  • 1. Jefferies Group LLC analysts commented, "On NE specifically, despite shares being up 24% YTD as of 1/25/17, we still see the stock as having upside and believe NE is the best vehicle for anybody trying to play recovery in the space at this point (it doesn't screen as overvalued on a relative basis through the modeled period, FCF generation looks solid, and it remains less expensive than peers on a normalized basis). NE isn't immune from the lack of catalysts in the sector. However, despite the company taking actions in December to improve the Balance Sheet, the new CFO may still pursue additional measures to strengthen the capital structure (such as using asset backed-financing on one or more of their term contracts), which we would view as a positive. Similar to RDC, NE has 'good' UDW and high spec jackup assets with availability that should return to work relatively earlier in the upcycle. However, unlike in RDC's case, we don't see Consensus as being overly generous about the profitability of a market turn..." (1/30/2017)
  • 2. According to Zacks Investment Research, "Noble Corporation's robust portfolio of assets, long-term commitments and strong backlog offer some relief in the currently weak pricing scenario. In particular, the company’s strong operational execution and cost-management efforts are noteworthy. However, uncertainty lingers over new contract flows and dayrates. Also, Noble Corp. has a large number of rigs coming off contracts and securing new contracts for those could be a challenge in the present conditions. Further, the oversupplied rig market remains a challenge for offshore drilling firms. So, until the uncertainty and volatility in oil prices subside, we see limited upside for NE shares from current levels." (10/27/2016)

Are investors shorting Noble?

Noble saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 57,768,895 shares, an increase of 26.9% from the April 28th total of 45,524,656 shares. Based on an average daily trading volume, of 16,442,671 shares, the days-to-cover ratio is presently 3.5 days. Currently, 23.9% of the shares of the company are sold short.

Who are some of Noble's key competitors?

Who owns Noble stock?

Noble's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.62%), Dimensional Fund Advisors LP (8.43%), Vanguard Group Inc. (8.24%), State Street Corp (6.96%), Bank of New York Mellon Corp (2.25%) and Contrarius Investment Management Ltd (2.23%). Company insiders that own Noble stock include Bernie G Wolford, Mary P Ricciardello, Michael A Cawley and Scott Marks. View Institutional Ownership Trends for Noble.

Who sold Noble stock? Who is selling Noble stock?

Noble's stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, First Trust Advisors LP, LSV Asset Management, UBS Asset Management Americas Inc., First Quadrant L P CA, Renaissance Technologies LLC, Prudential Financial Inc. and Neuburgh Advisers LLC. View Insider Buying and Selling for Noble.

Who bought Noble stock? Who is buying Noble stock?

Noble's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., State Street Corp, TVR Capital Management LP, Bank of New York Mellon Corp and Credit Suisse AG. View Insider Buying and Selling for Noble.

How do I buy Noble stock?

Shares of Noble can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Noble stock cost?

One share of Noble stock can currently be purchased for approximately $4.57.

Analyst Ratings

Consensus Ratings for Noble (NYSE:NE) (?)
Ratings Breakdown: 5 Sell Ratings, 15 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.11)
Consensus Price Target: $7.20 (57.55% upside)

Analysts' Ratings History for Noble (NYSE:NE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/18/2017InstinetUpgradeReduce -> Neutral$4.35 -> $5.00HighView Rating Details
5/18/2017NomuraUpgradeReduce -> Neutral$5.00HighView Rating Details
5/15/2017Jefferies Group LLCReiterated RatingBuy$7.50HighView Rating Details
5/8/2017Deutsche Bank AGBoost Price TargetHold$6.00 -> $7.00MediumView Rating Details
5/1/2017Barclays PLCLower Price TargetEqual Weight$7.00 -> $5.00LowView Rating Details
4/21/2017Credit Suisse Group AGReiterated RatingBuy$10.00LowView Rating Details
4/18/2017BMO Capital MarketsSet Price TargetSell$5.00LowView Rating Details
3/23/2017Tudor PickeringInitiated CoverageHoldLowView Rating Details
3/22/2017ScotiabankReiterated RatingHold$8.00LowView Rating Details
3/7/2017Seaport Global SecuritiesUpgradeNeutral -> BuyN/AView Rating Details
2/13/2017Societe GeneraleUpgradeHold -> Buy$9.00N/AView Rating Details
2/12/2017Raymond James Financial, Inc.Reiterated RatingMarket PerformN/AView Rating Details
2/10/2017Wells Fargo & CoReiterated RatingMarket PerformN/AView Rating Details
2/10/2017StephensReiterated RatingEqual Weight$7.00N/AView Rating Details
2/2/2017Morgan StanleyUpgradeUnderweight -> Equal Weight$6.00 -> $8.00N/AView Rating Details
1/25/2017Piper Jaffray CompaniesUpgradeUnderweight -> Neutral$7.00N/AView Rating Details
1/21/2017Citigroup IncUpgradeNeutral -> BuyN/AView Rating Details
1/20/2017Bank of America CorpUpgradeUnderperform -> Neutral$8.00N/AView Rating Details
1/17/2017Capital One Financial Corp.UpgradeEqual Weight -> OverweightN/AView Rating Details
1/6/2017Royal Bank of CanadaReiterated RatingSell$7.00N/AView Rating Details
1/6/2017Iberia CapitalInitiated CoverageOutperform$12.50N/AView Rating Details
12/16/2016Goldman Sachs Group IncDowngradeNeutral -> Sell$4.00N/AView Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageMarket Perform$6.50N/AView Rating Details
11/30/2016KeyCorpReiterated RatingHoldN/AView Rating Details
11/4/2016JPMorgan Chase & Co.Reiterated RatingSellN/AView Rating Details
9/22/2016Evercore ISIReiterated RatingBuyN/AView Rating Details
9/14/2016Howard WeilInitiated CoverageSector Perform$6.50N/AView Rating Details
8/10/2016ArgusDowngradeHold -> SellN/AView Rating Details
5/13/2016SimmonsReiterated RatingUnderweight$6.00 -> $4.70N/AView Rating Details
5/5/2016Zephirin GroupReiterated RatingHold$11.00 -> $16.00N/AView Rating Details
4/11/2016Clarkson CapitalReiterated RatingBuyN/AView Rating Details
4/12/2016Susquehanna Bancshares IncLower Price Target$11.00 -> $9.00N/AView Rating Details
3/21/2016Cowen and CompanyLower Price Target$10.00 -> $9.50N/AView Rating Details
2/8/2016KLR GroupBoost Price TargetBuy$11.50N/AView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$16.00N/AView Rating Details
(Data available from 5/25/2015 forward)


Earnings History for Noble (NYSE:NE)
Earnings by Quarter for Noble (NYSE:NE)
Earnings History by Quarter for Noble (NYSE:NE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/20173/31/2017($0.19)($0.17)$368.25 million$363.00 millionViewListenView Earnings Details
2/9/2017Q416($0.22)($0.15)$399.02 million$410.00 millionViewListenView Earnings Details
11/3/2016Q316($0.19)($0.23)$646.42 million$385.20 millionViewListenView Earnings Details
7/27/2016Q216$0.23$0.01$527.48 million$894.70 millionViewListenView Earnings Details
4/27/2016Q116$0.33$0.31$632.03 million$612.00 millionViewListenView Earnings Details
2/3/2016Q415$0.58$0.52$758.94 million$857.70 millionViewListenView Earnings Details
10/28/2015Q315$0.52$0.72$761.43 million$896.70 millionViewListenView Earnings Details
7/29/2015Q215$0.52$0.64$770.08 million$771.30 millionViewListenView Earnings Details
4/29/2015Q115$0.53$0.72$776.19 million$804.34 millionViewListenView Earnings Details
2/4/2015Q414$0.48$0.47$807.69 million$804.70 millionViewListenView Earnings Details
10/29/2014Q314$0.54$0.57$820.10 million$828.80 millionViewListenView Earnings Details
7/30/2014Q214$0.67$0.91$1.19 million$1.20 millionViewListenView Earnings Details
4/16/2014Q114$0.69$0.99$1.19 billion$1.25 billionViewListenView Earnings Details
1/23/2014Q413$0.84$0.82$1.17 billion$1.17 billionViewListenView Earnings Details
10/17/2013Q313$0.71$0.85$1.07 billion$1.08 billionViewListenView Earnings Details
7/17/2013Q2 2013$0.56$0.63$1.02 billion$1.02 billionViewListenView Earnings Details
4/17/2013Q1 2013$0.56$0.59$991.48 million$970.98 millionViewListenView Earnings Details
1/23/2013Q4 2012$0.62$0.50$963.13 million$966.40 millionViewListenView Earnings Details
10/17/2012$0.52$0.45ViewN/AView Earnings Details
7/18/2012$0.58$0.59ViewN/AView Earnings Details
4/18/2012$0.42$0.47ViewN/AView Earnings Details
1/25/2012$0.51$0.50ViewN/AView Earnings Details
10/19/2011$0.53$0.49ViewN/AView Earnings Details
7/20/2011$0.27$0.17ViewN/AView Earnings Details
4/20/2011$0.17$0.15ViewN/AView Earnings Details
1/26/2011$0.32$0.39ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Noble (NYSE:NE)
2017 EPS Consensus Estimate: ($1.19)
2018 EPS Consensus Estimate: ($0.96)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.22)($0.15)($0.19)
Q2 20173($0.37)($0.27)($0.32)
Q3 20173($0.41)($0.28)($0.36)
Q4 20173($0.42)($0.27)($0.33)
Q1 20181($0.26)($0.26)($0.26)
Q2 20181($0.21)($0.21)($0.21)
Q3 20181($0.26)($0.26)($0.26)
Q4 20181($0.23)($0.23)($0.23)
Q1 20191($0.24)($0.24)($0.24)
(Data provided by Zacks Investment Research)


Current Dividend Information for Noble (NYSE:NE)
Most Recent Dividend:8/8/2016
Annual Dividend:$0.04
Dividend Yield:0.88%
Dividend Growth:-40.40% (3 Year Average)
Payout Ratio:-1.03% (Trailing 12 Months of Earnings)
-3.20% (Based on This Year's Estimates)
-3.03% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Noble (NYSE:NE)

Dividend History by Quarter for Noble (NYSE:NE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Noble (NYSE:NE)
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 91.66%
Insider Trades by Quarter for Noble (NYSE:NE)
Institutional Ownership by Quarter for Noble (NYSE:NE)
Insider Trades by Quarter for Noble (NYSE:NE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/23/2016Mary P RicciardelloDirectorSell1,663$6.16$10,244.08View SEC Filing  
3/7/2016Michael A CawleyDirectorSell20,000$13.52$270,400.00View SEC Filing  
12/11/2015Scott MarksVPSell8,500$11.91$101,235.00View SEC Filing  
9/30/2015Bernie G WolfordVPBuy10,000$10.82$108,200.00View SEC Filing  
8/6/2014James A MaclennanCFOBuy6,000$26.92$161,520.00View SEC Filing  
6/6/2014David W WilliamsCEOBuy10,000$31.03$310,300.00View SEC Filing  
5/14/2014David WilliamsCEOBuy10,000$30.64$306,400.00View SEC Filing  
5/14/2014James MaclennanCFOBuy4,075$30.73$125,224.75View SEC Filing  
3/14/2014Gordon HallDirectorBuy5,000$29.21$146,050.00View SEC Filing  
2/21/2014Michael CawleyDirectorSell15,000$31.39$470,850.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Noble (NYSE:NE)
Latest Headlines for Noble (NYSE:NE)
DateHeadline logoNoble Corporation plc To Participate In The Bernstein 33rd Annual Strategic Decisions Conference - May 24 at 6:53 PM logoNoble Co. (NE) Receives Average Rating of "Hold" from Brokerages - May 23 at 3:02 PM logoAnalysts Expect Seadrill’s Revenue to Fall 38% in 1Q17 - May 22 at 6:03 PM logoNoble Corporation: Fleet Report And Scandal In Brazil - May 19 at 7:16 PM logoNoble Energy sells stake in Marcellus midstream MLP for $765M - Houston Business Journal - May 19 at 11:29 AM logoNoble Co. (NE) Price Target Raised to $5.00 at Instinet - May 18 at 9:14 AM logoNoble Co. (NE) Rating Increased to Neutral at Nomura - May 18 at 8:34 AM logoNoble Energy Sells Marcellus Midstream to Quantum Energy Partners for $765 Million - Nasdaq - May 18 at 8:13 AM logoNoble Corporation plc To Present At The UBS Global Oil And Gas Conference - May 17 at 6:44 PM logoNoble Should Be Worth Less - May 16 at 10:18 AM logoBehind Atwood Oceanics’ Reduced Cost Guidance for 2017 - May 16 at 10:18 AM logoUnderstanding Atwood Oceanics’ Future Revenues Through Backlog - May 15 at 6:06 PM logoNoble Co. (NE) Sees Significant Drop in Short Interest - May 15 at 8:08 AM logoNoble Co. (NE) Expected to Post Quarterly Sales of $276.48 Million - May 13 at 9:40 AM logoUBS and Jefferies Reduce Noble’s Target Price after 1Q17 Results - May 12 at 7:23 PM logoNoble Corporation Revised Its 2017 Cost Guidance Downward - May 12 at 7:42 AM logoDigging into Noble Corporation’s 1Q17 Results - May 11 at 7:16 PM logoNoble Corporation: Optimistic about Offshore Drilling Outlook - May 11 at 7:16 PM logoNoble Corporation Successfully Increases Backlog in Downturn - May 11 at 7:16 PM logoETFs with exposure to Noble Corp. Plc : May 11, 2017 - May 11 at 7:16 PM logoWhy Did Rowan’s Target Price Get Revised? - May 11 at 9:25 AM logo-$0.32 Earnings Per Share Expected for Noble Co. (NE) This Quarter - May 11 at 8:20 AM logoNoble Co. Forecasted to Post Q2 2017 Earnings of ($0.27) Per Share (NE) - May 11 at 8:08 AM logoResearch Analysts Set Expectations for Noble Co.'s Q1 2019 Earnings (NE) - May 10 at 2:52 PM logoRowan’s Take on the Jack-Up and Deepwater Market - May 9 at 6:26 PM logoNoble Corporation: Ready To Rise From Lows? - May 9 at 11:34 AM logoRally to Sustain for Noble - May 9 at 11:34 AM logoNoble Corp. Plc :NE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017 - May 9 at 11:34 AM logoDeutsche Bank AG Reaffirms Hold Rating for Noble Co. (NE) - May 8 at 6:00 PM logoNoble Corporation's Earnings Show Some Modest Improvements in the Offshore Market - May 8 at 12:23 PM logoUnderstanding Ensco’s Capital Expenditure Plans - May 8 at 12:23 PM logoNoble Corporation's Earnings Show Some Modest Improvements in the Offshore Market - May 8 at 9:37 AM logoNoble Co. (NE) Rating Reiterated by Jefferies Group LLC - May 6 at 8:02 AM logoTraders Buy Large Volume of Call Options on Noble (NE) - May 6 at 7:20 AM logoNoble (NE) Earning Somewhat Favorable Media Coverage, Study Shows - May 6 at 12:53 AM logoEdited Transcript of NE earnings conference call or presentation 5-May-17 1:00pm GMT - May 6 at 12:05 AM logoNoble Plc (NE) Q1 2017 Results - Earnings Call Transcript - May 5 at 7:03 PM logoNoble Co. (NE) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS - May 5 at 4:41 PM logoNoble Corporation Reported Earnings, and Offshore Drilling Stocks Are Up Big Today - May 5 at 2:53 PM logoNoble Corp (NE) Q1 Loss Narrower than Expected, Revenues Top - May 5 at 9:19 AM logoCONE Midstream Reports First Quarter Results - Nasdaq - May 4 at 6:50 PM logoTransocean: Come On…These Earnings are Really Good! - May 4 at 6:50 PM logoNoble Corporation plc Reports First Quarter 2017 Results - May 4 at 6:50 PM logoNoble Corp. reports 1Q loss - May 4 at 6:50 PM logoCan Noble Corp (NE) Deliver a Beat this Earnings Season? - May 3 at 7:14 PM logoNoble (NE) Earning Favorable Media Coverage, Report Shows - May 3 at 1:00 AM logoCan Noble Corp (NE) Deliver a Beat this Earnings Season? - Yahoo Finance - May 2 at 5:30 PM logoAnalyzing Implied Volatility in Oilfield Services Stocks - May 2 at 5:30 PM logoBarclays PLC Reiterates "Equal Weight" Rating for Noble Co. (NE) - May 1 at 4:12 PM logoShort Interest in Noble Co. (NE) Decreases By 4.9% - May 1 at 7:58 AM



Noble (NE) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by Staff