Noble (NE) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Noble in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NE shares.
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4 brokers have issued twelve-month price targets for Noble's stock. Their NE share price targets range from $51.00 to $72.00. On average, they predict the company's stock price to reach $61.00 in the next year. This suggests a possible upside of 32.2% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Noble Co. plc (NYSE:NE) announced its quarterly earnings data on Thursday, February, 22nd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.56 by $0.17. The business earned $643 million during the quarter, compared to the consensus estimate of $603.77 million. Noble had a net margin of 18.61% and a trailing twelve-month return on equity of 7.03%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share.

Noble announced a quarterly dividend on Thursday, February 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.40 per share on Thursday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, March 7th.
Read our dividend analysis for NE.

Noble (NYSE:NE) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.46%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NE will have a dividend payout ratio of 27.73% next year. This indicates that the company will be able to sustain or increase its dividend.
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ETFs with the largest weight of Noble (NYSE:NE) stock in their portfolio include VanEck Oil Services ETF (OIH), SPDR S&P Oil & Gas Equipment & Services ETF (XES), iShares U.S. Oil Equipment & Services ETF (IEZ), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares Russell 2000 Growth ETF (IWO), Fidelity MSCI Energy Index ETF (FENY), Vanguard Energy ETF (VDE) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

Noble updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Noble investors own include Achillion Pharmaceuticals (ACHN), Chesapeake Energy (CHKAQ), Transocean (RIG), Intel (INTC), Bank of America (BAC), General Electric (GE), Energy Transfer (ET), AT&T (T), Ford Motor (F) and Noble Midstream Partners (NBLX).

Noble's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.05%), SeaCrest Wealth Management LLC (0.01%), MBM Wealth Consultants LLC (0.01%) and Steph & Co. (0.00%). Insiders that own company stock include Caroline Alting, Laura D Campbell, Laura D Campbell, Pacific Investment Management, Richard B Barker, Robert W Eifler and William M Brown.
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