Noble 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: www.noblecorp.com
- Market Cap: $1.0081 billion
- Outstanding Shares: 244,685,000
- 50 Day Moving Avg: $3.84
- 200 Day Moving Avg: $5.48
- 52 Week Range: $3.32 - $8.37
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -2.88
- P/E Growth: 0.05
- Annual Revenue: $2.01 billion
- Price / Sales: 0.49
- Book Value: $22.32 per share
- Price / Book: 0.18
- Annual Dividend: $0.02
- Dividend Yield: 0.5%
- EBIDTA: $1.16 billion
- Net Margins: -65.11%
- Return on Equity: -1.69%
- Return on Assets: -1.00%
- Debt-to-Equity Ratio: 0.61%
- Current Ratio: 1.75%
- Quick Ratio: 1.75%
- Average Volume: 12.70 million shs.
- Beta: 2.14
- Short Ratio: 3.96
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 were Noble's earnings last quarter?
Noble Co. (NYSE:NE) released its quarterly earnings results on Thursday, May, 4th. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The firm earned $363 million during the quarter, compared to analyst estimates of $368.25 million. Noble had a negative net margin of 65.11% and a negative return on equity of 1.69%. The business's revenue for the quarter was down 40.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. View Noble's Earnings History.
Where is Noble's stock going? Where will Noble's stock price be in 2017?
28 equities research analysts have issued 12 month target prices for Noble's shares. Their forecasts range from $2.00 to $12.50. On average, they expect Noble's share price to reach $6.11 in the next year. View Analyst Ratings for Noble.
What are analysts saying about Noble stock?
Here are some recent quotes from research analysts about Noble stock:
- 1. UBS AG analysts commented, "Noble commented that they are seeing a positive change in the conversations and confidence of their customers driven by the stability in oil prices. However, the company noted it could be another 1-2 years before the fundamental recovery begins. On the outlook for the cycle, we expect very limited demand recovery in 2018 under a $50-$55 oil price environment. Despite the stock performance across the offshore drilling sector, we believe 2017-2018 will remain highly challenging for the offshore markets unless oil prices firmly move into the $60-$65/bbl range. In our view, 2019 is likely the first year of a real but slow recovery, with demand becoming more widespread in 2020-2021 as oil prices continue to rise." (2/13/2017)
- 2. 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)
- 3. 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 in June. As of June 30th, there was short interest totalling 53,679,028 shares, an increase of 1.1% from the June 15th total of 53,105,458 shares. Based on an average daily trading volume, of 13,907,653 shares, the days-to-cover ratio is currently 3.9 days. Approximately 22.2% of the company's shares are short sold.
Who are some of Noble's key competitors?
Some companies that are related to Noble include Halcon Resources Corporation (HK), SandRidge Energy (SD), Geopark Ltd (GPRK), Independence Contract Drilling (ICD), North Atlantic Drilling (NADL), Magnum Hunter Resources Corp (MHR), Ocean Rig UDW (ORIG), Progress Energy (PGN), Breitburn Energy Partners LP (BBEP), Hercules Offshore Com (HERO) and Vanguard Natural Resources, LLC (VNR).
Who owns Noble stock?
Noble's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.88%), First Quadrant L P CA (0.26%), Aperio Group LLC (0.11%), Sippican Capital Advisors (0.10%), Louisiana State Employees Retirement System (0.04%) and Oregon Public Employees Retirement Fund (0.04%). 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 First Quadrant L P CA, Park National Corp OH and Buffington Mohr McNeal. 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 Aperio Group LLC, State of Alaska Department of Revenue, Louisiana State Employees Retirement System, Sippican Capital Advisors, Nisa Investment Advisors LLC, Founders Capital Management, Capstone Asset Management Co. and Oregon Public Employees Retirement Fund. 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.
What is Noble's stock price today?
MarketBeat Community Rating for Noble (NYSE NE)MarketBeat's community ratings are surveys of what our community members think about Noble and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Noble stock can currently be purchased for approximately $4.00.
Consensus Ratings for Noble (NYSE:NE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||7 Sell Ratings, 15 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 1.96)|
|Consensus Price Target: ||$6.11 (52.75% upside)|
Analysts' Ratings History for Noble (NYSE:NE)
(Data available from 7/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/20/2017||Royal Bank Of Canada||Reiterated Rating||Sell||$5.00||High|
|7/18/2017||Jefferies Group LLC||Reiterated Rating||Buy||$7.00 -> $5.50||Low|
|7/6/2017||Sanford C. Bernstein||Downgrade||Market Perform -> Underperform||$7.00 -> $2.50||High|
|6/30/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$7.00 -> $2.00||Low|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$5.00 -> $3.50||High|
|6/16/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$11.00 -> $4.70||High|
|5/18/2017||Instinet||Upgrade||Reduce -> Neutral||$4.35 -> $5.00||High|
|5/18/2017||Nomura||Upgrade||Reduce -> Neutral||$5.00||High|
|5/8/2017||Deutsche Bank AG||Boost Price Target||Hold||$6.00 -> $7.00||Medium|
|5/1/2017||Barclays PLC||Lower Price Target||Equal Weight||$7.00 -> $5.00||Low|
|4/21/2017||Credit Suisse Group AG||Reiterated Rating||Buy||$10.00||Low|
|4/18/2017||BMO Capital Markets||Set Price Target||Sell||$5.00||Low|
|3/23/2017||Tudor Pickering||Initiated Coverage||Hold||Low|
|2/13/2017||Societe Generale||Upgrade||Hold -> Buy||$9.00||N/A|
|2/12/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform||N/A|
|2/10/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||N/A|
|2/10/2017||Stephens||Reiterated Rating||Equal Weight||$7.00||N/A|
|2/2/2017||Morgan Stanley||Upgrade||Underweight -> Equal Weight||$6.00 -> $8.00||N/A|
|1/25/2017||Piper Jaffray Companies||Upgrade||Underweight -> Neutral||$7.00||N/A|
|1/17/2017||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|1/6/2017||Iberia Capital||Initiated Coverage||Outperform||$12.50||N/A|
|12/16/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$4.00||N/A|
|11/4/2016||J P Morgan Chase & Co||Reiterated Rating||Sell||N/A|
|9/22/2016||Evercore ISI||Reiterated Rating||Buy||N/A|
|9/14/2016||Howard Weil||Initiated Coverage||Sector Perform||$6.50||N/A|
|8/10/2016||Argus||Downgrade||Hold -> Sell||N/A|
|5/13/2016||Simmons||Reiterated Rating||Underweight||$6.00 -> $4.70||N/A|
|5/5/2016||Zephirin Group||Reiterated Rating||Hold||$11.00 -> $16.00||N/A|
|4/11/2016||Clarkson Capital||Reiterated Rating||Buy||N/A|
|4/12/2016||Susquehanna Bancshares Inc||Lower Price Target||$11.00 -> $9.00||N/A|
|3/21/2016||Cowen and Company||Lower Price Target||$10.00 -> $9.50||N/A|
|2/8/2016||KLR Group||Boost Price Target||Buy||$11.50||N/A|
|11/30/2015||Guggenheim||Upgrade||Neutral -> Buy||$16.00||N/A|
Earnings History for Noble (NYSE:NE)Earnings History by Quarter for Noble (NYSE NE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/4/2017||3/31/2017||($0.19)||($0.17)||$368.25 million||$363.00 million||View||Listen|
|2/9/2017||Q416||($0.22)||($0.15)||$399.02 million||$410.00 million||View||Listen|
|11/3/2016||Q316||($0.19)||($0.23)||$646.42 million||$385.20 million||View||Listen|
|7/27/2016||Q216||$0.23||$0.01||$527.48 million||$894.70 million||View||Listen|
|4/27/2016||Q116||$0.33||$0.31||$632.03 million||$612.00 million||View||Listen|
|2/3/2016||Q415||$0.58||$0.52||$758.94 million||$857.70 million||View||Listen|
|10/28/2015||Q315||$0.52||$0.72||$761.43 million||$896.70 million||View||Listen|
|7/29/2015||Q215||$0.52||$0.64||$770.08 million||$771.30 million||View||Listen|
|4/29/2015||Q115||$0.53||$0.72||$776.19 million||$804.34 million||View||Listen|
|2/4/2015||Q414||$0.48||$0.47||$807.69 million||$804.70 million||View||Listen|
|10/29/2014||Q314||$0.54||$0.57||$820.10 million||$828.80 million||View||Listen|
|7/30/2014||Q214||$0.67||$0.91||$1.19 million||$1.20 million||View||Listen|
|4/16/2014||Q114||$0.69||$0.99||$1.19 billion||$1.25 billion||View||Listen|
|1/23/2014||Q413||$0.84||$0.82||$1.17 billion||$1.17 billion||View||Listen|
|10/17/2013||Q313||$0.71||$0.85||$1.07 billion||$1.08 billion||View||Listen|
|7/17/2013||Q2 2013||$0.56||$0.63||$1.02 billion||$1.02 billion||View||Listen|
|4/17/2013||Q1 2013||$0.56||$0.59||$991.48 million||$970.98 million||View||Listen|
|1/23/2013||Q4 2012||$0.62||$0.50||$963.13 million||$966.40 million||View||Listen|
Earnings Estimates for Noble (NYSE:NE)
2017 EPS Consensus Estimate: ($1.19)
2018 EPS Consensus Estimate: ($0.96)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Noble (NYSE:NE)
|Most Recent Dividend:||8/8/2016|
|Dividend Growth:||-40.40% (3 Year Average)|
|Payout Ratio:||-0.36% (Trailing 12 Months of Earnings) |
-1.64% (Based on This Year's Estimates)
-1.44% (Based on Next Year's Estimates)
Dividend History by Quarter for Noble (NYSE NE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Noble (NYSE:NE)
Insider Ownership Percentage: 1.60%Insider Trades by Quarter for Noble (NYSE:NE)
Institutional Ownership Percentage: 98.61%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/23/2016||Mary P Ricciardello||Director||Sell||1,663||$6.16||$10,244.08|| |
|3/7/2016||Michael A Cawley||Director||Sell||20,000||$13.52||$270,400.00|| |
|12/11/2015||Scott Marks||VP||Sell||8,500||$11.91||$101,235.00|| |
|9/30/2015||Bernie G Wolford||VP||Buy||10,000||$10.82||$108,200.00|| |
|8/6/2014||James A Maclennan||CFO||Buy||6,000||$26.92||$161,520.00|| |
|6/6/2014||David W Williams||CEO||Buy||10,000||$31.03||$310,300.00|| |
|5/14/2014||David Williams||CEO||Buy||10,000||$30.64||$306,400.00|| |
|5/14/2014||James Maclennan||CFO||Buy||4,075||$30.73||$125,224.75|| |
|3/14/2014||Gordon Hall||Director||Buy||5,000||$29.21||$146,050.00|| |
|2/21/2014||Michael Cawley||Director||Sell||15,000||$31.39||$470,850.00|| |
Headline Trends for Noble (NYSE:NE)
Latest Headlines for Noble (NYSE:NE)
Noble (NE) Chart for Saturday, July, 22, 2017