Noble Corporation Company Profile (NYSE:NE)

About Noble Corporation

Noble Corporation 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
  • Exchange: NYSE
  • Symbol: NE
  • CUSIP:
Key Metrics:
  • Previous Close: $7.36
  • 50 Day Moving Average: $7.16
  • 200 Day Moving Average: $6.24
  • 52-Week Range: $4.45 - $13.90
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -5.37
  • P/E Growth: 0.08
  • Market Cap: $1.79B
  • Outstanding Shares: 243,238,000
  • Beta: 2.16
  • Net Margins: -40.55%
  • Debt-to-Equity Ratio: 0.62%
  • Current Ratio: 1.88%
  • Quick Ratio: 1.29%
Additional Links:
Companies Related to Noble Corporation:

Analyst Ratings

Consensus Ratings for Noble Corporation (NYSE:NE) (?)
Ratings Breakdown: 8 Sell Ratings, 15 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $7.97 (8.28% upside)

Analysts' Ratings History for Noble Corporation (NYSE:NE)
DateFirmActionRatingPrice TargetDetails
2/13/2017Societe GeneraleUpgradeHold -> Buy$9.00View Rating Details
2/11/2017Credit Suisse GroupSet Price TargetBuy$10.00View Rating Details
2/12/2017Raymond James Financial, Inc.Reiterated RatingMarket PerformView Rating Details
2/10/2017Wells Fargo & CompanyReiterated RatingMarket PerformView Rating Details
2/10/2017StephensReiterated RatingEqual Weight$7.00View Rating Details
2/2/2017Morgan StanleyUpgradeUnderweight -> Equal Weight$6.00 -> $8.00View Rating Details
1/30/2017Jefferies Group LLCUpgradeHold -> Buy$9.50 -> $9.50View Rating Details
1/25/2017Piper Jaffray CompaniesUpgradeUnderweight -> Neutral$7.00View Rating Details
1/21/2017Citigroup Inc.UpgradeNeutral -> BuyView Rating Details
1/20/2017Bank of America CorpUpgradeUnderperform -> Neutral$8.00View Rating Details
1/17/2017Capital One Financial CorporationUpgradeEqual Weight -> OverweightView Rating Details
1/12/2017BMO Capital MarketsSet Price TargetSell$5.00View Rating Details
1/9/2017Barclays PLCUpgradeUnderweight -> Equal Weight$6.00 -> $7.00View Rating Details
1/6/2017RBC Capital MarketsReiterated RatingSell$7.00View Rating Details
1/6/2017Iberia CapitalInitiated CoverageOutperform$12.50View Rating Details
12/16/2016Royal Bank of CanadaDowngradeSector Perform -> Underperform$7.00View Rating Details
12/16/2016Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$4.00View Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageMarket Perform$6.50View Rating Details
11/30/2016KeyCorpReiterated RatingHoldView Rating Details
11/4/2016NomuraReiterated RatingSell$4.00View Rating Details
11/4/2016J P Morgan Chase & CoReiterated RatingSellView Rating Details
10/7/2016Seaport Global SecuritiesDowngradeAccumulate -> Neutral$6.00View Rating Details
9/22/2016Evercore ISIReiterated RatingBuyView Rating Details
9/14/2016ScotiabankReiterated RatingSector Perform$6.50View Rating Details
9/14/2016Howard WeilInitiated CoverageSector Perform$6.50View Rating Details
8/10/2016ArgusDowngradeHold -> SellView Rating Details
5/13/2016SimmonsReiterated RatingUnderweight$6.00 -> $4.70View Rating Details
5/5/2016Zephirin GroupReiterated RatingHold$11.00 -> $16.00View Rating Details
4/11/2016Clarkson CapitalReiterated RatingBuyView Rating Details
4/12/2016Susquehanna Bancshares IncLower Price Target$11.00 -> $9.00View Rating Details
3/21/2016Cowen and CompanyLower Price Target$10.00 -> $9.50View Rating Details
3/12/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
2/8/2016KLR GroupBoost Price TargetBuy$11.50View Rating Details
1/25/2016Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$16.00View Rating Details
(Data available from 2/24/2015 forward)


Earnings History for Noble Corporation (NYSE:NE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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$0.72$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$0.51$0.72$776.19 million$804.34 millionViewListenView Earnings Details
2/4/2015Q414$0.50$0.47$807.69 million$804.70 millionViewListenView Earnings Details
10/29/2014Q314$0.53$0.57$820.10 million$828.80 millionViewListenView Earnings Details
7/30/2014Q214$0.66$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 Corporation (NYSE:NE)
Current Year EPS Consensus Estimate: $-1.29 EPS
Next Year EPS Consensus Estimate: $-1.37 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20167$0.24$0.38$0.30
Q2 20165$0.01$0.17$0.08
Q3 20165($0.20)($0.08)($0.16)
Q4 20165($0.38)($0.19)($0.24)
Q1 20173($0.22)($0.20)($0.21)
Q2 20173($0.37)($0.31)($0.33)
Q3 20173($0.44)($0.32)($0.39)
Q4 20173($0.42)($0.30)($0.35)
Q1 20181($0.30)($0.30)($0.30)
Q2 20181($0.26)($0.26)($0.26)
Q3 20181($0.30)($0.30)($0.30)
Q4 20181($0.26)($0.26)($0.26)
(Data provided by Zacks Investment Research)


Current Dividend Information for Noble Corporation (NYSE:NE)
Annual Dividend:$0.04
Dividend Yield:0.54%
Dividend Growth:-40.40% (3 Year Average)
Payout Ratio:-1.03% (Based on Trailing 12 Months of Earnings)
-3.10% (Based on Current Year Consensus EPS Estimate)
-2.92% (Based on Next Year Consensus EPS Estimate)

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

Insider Trades

Insider Trading History for Noble Corporation (NYSE:NE)
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 91.66%
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)


Latest Headlines for Noble Corporation (NYSE:NE)
News IconAnalysts Peer Into Their Crystal Balls For Noble Corporation (NYSE:NE): Where Is It headed? - Winfield Review (NYSE:NE) - February 24 at 9:08 AM
News IconForward Earnings Estimate of Noble Corporation(NE) - Highland Mirror (NYSE:NE) - February 24 at 9:08 AM logoNoble Corporation plc Provides Fleet Contract Status Update - PR Newswire (press release) (NYSE:NE) - February 24 at 9:08 AM logoNoble Corporation plc Provides Fleet Contract Status Update (NYSE:NE) - February 23 at 6:50 PM
News IconStock in Focus: Noble Corporation plc (NYSE:NE) - Baldwin Journal (NYSE:NE) - February 22 at 6:52 PM
News IconStock Price of Noble Corporation (NE) Decreases -4.65% - Energy Index (NYSE:NE) - February 21 at 6:06 PM logoPre-4Q16 Results, Analysts Change Recommendations For Transocean (NYSE:NE) - February 20 at 6:08 PM
News IconFeatured Stock for Investors: Noble Corporation plc (NYSE:NE) (NYSE:NE) - February 18 at 11:09 AM
News IconRevenue Estimates Analysis: Noble Corporation plc (NYSE:NE) (NYSE:NE) - February 18 at 11:09 AM logoA Glimpse of Noble’s 2017 Prospects through Its Backlog (NYSE:NE) - February 17 at 5:20 PM
News IconWhat the Charts are Saying About Noble Corporation plc (NYSE:NE) - Midway Monitor (NYSE:NE) - February 16 at 6:20 PM
News IconImpact of Brokerage Rating on Noble Corporation(NE) - Highland Mirror (NYSE:NE) - February 16 at 6:20 PM logoWhy Seadrill’s Implied Volatility Is Falling (NYSE:NE) - February 16 at 6:20 PM logoDiamond Offshore’s Views on Issuing Equity and Debt Buyback (NYSE:NE) - February 16 at 6:20 PM logoAnalysts’ Post-4Q16 Release Recommendations for Diamond Offshore (NYSE:NE) - February 16 at 6:20 PM logoDigging into Noble’s 4Q16 Results (NYSE:NE) - February 16 at 6:20 PM logoHow Noble Earned Higher 4Q16 Revenue despite the Downturn (NYSE:NE) - February 16 at 6:20 PM
News IconNoble Corporation plc (NYSE:NE) Stock Seeing Positive Momentum - Winfield Review (NYSE:NE) - February 14 at 9:26 PM
News IconNoble Corporation Ordinary Shares (UK) (NE) is Upgraded by Societe Generale to ” Buy” - Highland Mirror (NYSE:NE) - February 14 at 9:26 PM logoNoble Corporation (NE) PT Raised to $8 at UBS on Positive Mgmt Tone, Cost Cutting - (NYSE:NE) - February 14 at 9:26 PM logoA Look at Diamond Offshore’s Backlog and Contract Updates (NYSE:NE) - February 14 at 9:26 PM logoNoble Corp. Plc :NE-US: Earnings Analysis: 2016 By the Numbers : February 14, 2017 (NYSE:NE) - February 14 at 9:26 PM logoETFs with exposure to Noble Corp. Plc : February 14, 2017 (NYSE:NE) - February 14 at 9:26 PM
News IconThe Noble Corporation (NE) Rating Increased to Neutral at Piper Jaffray Companies (NYSE:NE) - February 14 at 12:59 AM
News IconComprehensive Stock Analysis of: Noble Corporation plc (NYSE:NE) (NYSE:NE) - February 13 at 7:58 PM logoNoble Corp. - Upside Will Be Short-Lived Without Help From Oil (NYSE:NE) - February 13 at 7:58 PM logoNoble Corp. Plc :NE-US: Earnings Analysis: Q4, 2016 By the Numbers : February 13, 2017 (NYSE:NE) - February 13 at 7:58 PM
News IconStock Showing Surging Activity: Noble Corporation plc (NYSE:NE) (NYSE:NE) - February 13 at 9:52 AM
News IconNoble Corporation (NE) Earns Market Perform Rating from Raymond James Financial, Inc (NYSE:NE) - February 13 at 9:52 AM
News IconNoble Corporation plc (NYSE:NE) Met Earnings 0 times (NYSE:NE) - February 12 at 6:41 PM
News IconWill Noble Corporation Ordinary Shares (UK) (NYSE:NE) Beat Earnings Estimates? - Post Registrar (NYSE:NE) - February 11 at 6:54 PM
News IconNoble Corporation Ordinary Shares (UK) (NYSE:NE) Surges More than 10%, Could Hit $8 (NYSE:NE) - February 11 at 12:42 AM logoEdited Transcript of NE earnings conference call or presentation 10-Feb-17 2:00pm GMT (NYSE:NE) - February 11 at 12:42 AM
News IconNoble Corporation plc (NYSE:NE) has Current Market Capitalizaion of $1.6 Billion (NYSE:NE) - February 10 at 7:42 PM logoNoble Corporation PLC Earnings Call scheduled for 9:00 am ET today (NYSE:NE) - February 10 at 7:42 PM logoNoble Corp. Jumps On Upbeat Q4 Earnings (NYSE:NE) - February 10 at 7:42 PM logoEARNINGS SUMMARY: Details of Noble Corp. Q4 Earnings Report (NYSE:NE) - February 9 at 7:50 PM
News IconHow Analysts See Noble Corporation plc (NE) Perform Over The Next Year? (NYSE:NE) - February 9 at 7:50 PM logoQ4 2016 Noble Corporation PLC Earnings Release - After Market Close (NYSE:NE) - February 9 at 7:50 PM logoNoble Corporation plc Reports Fourth Quarter And Full Year 2016 Results (NYSE:NE) - February 9 at 7:50 PM logo5:04 pm Noble Corp PLC beats by $0.07, beats on revs; provides outlook (NYSE:NE) - February 9 at 7:50 PM logoNOBLE CORP PLC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:NE) - February 9 at 7:50 PM logoNoble Corp. reports 4Q loss (NYSE:NE) - February 9 at 7:50 PM
News IconActive Volume Stock: Noble Corporation plc (NYSE:NE) (NYSE:NE) - February 9 at 5:43 AM logoNoble Corporation plc To Present At Credit Suisse 22nd Annual Energy Summit (NYSE:NE) - February 8 at 7:42 PM
News IconNext Move Prediction for Noble Corporation plc (NYSE:NE) - The Oracle Examiner (NYSE:NE) - February 7 at 3:26 PM logo[$$] Three Picks in Oilfield Services for a Painful 2017 (NYSE:NE) - February 6 at 6:52 PM logoNoble Corp (NE) Q4 Earnings: Is a Surprise in the Cards? (NYSE:NE) - February 6 at 9:37 AM logo3 Dividend Stocks To Buy - And 2 To Sell Now (NYSE:NE) - February 6 at 9:37 AM
News IconFinancial Watchlist of Noble Corporation (NYSE:NE) - The Newburgh Press (NYSE:NE) - February 3 at 7:34 PM


What is Noble Corporation's stock symbol?

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

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

Noble Corporation announced a quarterly dividend on Friday, July 22nd. Stockholders of record on Monday, August 1st will be paid a dividend of $0.02 per share on Monday, August 8th. This represents a $0.08 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, July 28th.

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

31 equities research analysts have issued twelve-month price objectives for Noble Corporation's shares. Their forecasts range from $4.00 to $16.00. On average, they expect Noble Corporation's share price to reach $7.97 in the next year.

When will Noble Corporation announce their earnings?

Noble Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.

What are analysts saying about Noble Corporation stock?

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

  • 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)
  • 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)

  • Argus analysts commented, "We are lowering our 2016 EPS estimate to $0.61 from $0.89, reflecting continued energy sector weakness and the substantial downturn in drilling activity. We are widening our 2017 loss estimate to $0.42 from $0.11 per share, which assumes further deterioration in energy industry fundamentals next year. The 2016 consensus EPS estimate is $0.62 and the 2017 consensus loss forecast is $0.53 per share."He continued, "As Noble winds down its newbuild program, it should begin to generate higher free cash flow. (The company took delivery of 11 rigs in 2013 and 2014, and expects one additional rig to be delivered in 2016.) Over the last three years, NE's annual capital spending has averaged $2.1 billion. However, management expects capex of $800 million in 2016, including the $461 million to be paid on delivery of the final rig, which is scheduled for 3Q16." (5/20/2016)

Who owns Noble Corporation stock?

Noble Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (5.65%), Dimensional Fund Advisors LP (5.39%), Alyeska Investment Group L.P. (3.41%), Marshall Wace LLP (2.07%), Van ECK Associates Corp (1.07%) and Allianz Asset Management AG (0.85%). Company insiders that own Noble Corporation stock include Bernie G Wolford, Mary P Ricciardello, Michael A Cawley and Scott Marks.

Who sold Noble Corporation stock? Who is selling Noble Corporation stock?

Noble Corporation's stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management, Alyeska Investment Group L.P., Numeric Investors LLC, Allianz Asset Management AG, Kovitz Investment Group Partners LLC, Franklin Resources Inc., GSA Capital Partners LLP and Federated Investors Inc. PA. Company insiders that have sold Noble Corporation stock in the last year include Mary P Ricciardello and Michael A Cawley.

Who bought Noble Corporation stock? Who is buying Noble Corporation stock?

Noble Corporation's stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Dimensional Fund Advisors LP, Marshall Wace LLP, Renaissance Technologies LLC, J. Goldman & Co LP, Guggenheim Capital LLC, Flinton Capital Management LLC and Tyers Asset Management LLC.

How do I buy Noble Corporation stock?

Shares of Noble Corporation 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 Corporation stock cost?

One share of Noble Corporation stock can currently be purchased for approximately $7.36.

Noble Corporation (NYSE:NE) Chart for Friday, February, 24, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

Earnings History Chart

Earnings by Quarter for Noble Corporation (NYSE:NE)

Dividend History Chart

Dividend Payments by Quarter for Noble Corporation (NYSE:NE)

Last Updated on 2/24/2017 by Staff