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: $1.0081 billion
  • Outstanding Shares: 244,685,000
Average Prices:
  • 50 Day Moving Avg: $3.84
  • 200 Day Moving Avg: $5.48
  • 52 Week Range: $3.32 - $8.37
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -2.88
  • P/E Growth: 0.05
Sales & Book Value:
  • 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?

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?

One share of Noble stock can currently be purchased for approximately $4.00.

MarketBeat Community Rating for Noble (NYSE NE)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  456 (Vote Outperform)
Underperform Votes:  592 (Vote Underperform)
Total Votes:  1,048
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.

Analyst Ratings

Consensus Ratings for Noble (NYSE:NE) (How are Consensus Ratings Calculated?)
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)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/20/2017Royal Bank Of CanadaReiterated RatingSell$5.00HighView Rating Details
7/18/2017Jefferies Group LLCReiterated RatingBuy$7.00 -> $5.50LowView Rating Details
7/6/2017Sanford C. BernsteinDowngradeMarket Perform -> Underperform$7.00 -> $2.50HighView Rating Details
6/30/2017Bank of America CorporationDowngradeNeutral -> Underperform$7.00 -> $2.00LowView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$5.00 -> $3.50HighView Rating Details
6/16/2017Citigroup Inc.DowngradeBuy -> Neutral$11.00 -> $4.70HighView Rating Details
5/18/2017InstinetUpgradeReduce -> Neutral$4.35 -> $5.00HighView Rating Details
5/18/2017NomuraUpgradeReduce -> Neutral$5.00HighView 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
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 & CompanyReiterated 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
1/17/2017Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
1/6/2017Iberia CapitalInitiated CoverageOutperform$12.50N/AView Rating Details
12/16/2016Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$4.00N/AView Rating Details
11/30/2016KeyCorpReiterated RatingHoldN/AView Rating Details
11/4/2016J P Morgan Chase & CoReiterated 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 7/22/2015 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($0.27)($0.27)($0.27)
(Data provided by Zacks Investment Research)


Current Dividend Information for Noble (NYSE:NE)
Most Recent Dividend:8/8/2016
Annual Dividend:$0.02
Dividend Yield:0.50%
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 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: 1.60%
Institutional Ownership Percentage: 98.61%
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 logo4 Things Noble Corporation's Management Thinks You Should Know - Motley Fool - July 21 at 3:29 AM logoNoble Corp. Plc breached its 50 day moving average in a Bullish Manner : NE-US : July 20, 2017 - July 21 at 3:29 AM logo4 Things Noble Corporation's Management Thinks You Should Know - July 21 at 3:29 AM logoNoble Corporation (NYSE:NE) Earns "Sell" Rating from Royal Bank Of Canada - July 20 at 5:54 PM logoJefferies Group Brokers Raise Earnings Estimates for Noble Corporation (NE) - July 20 at 9:58 AM logo4 Things Noble Corporation's Management Thinks You Should Know - July 20 at 9:20 AM logoNoble Corporation (NYSE:NE) Receives "Buy" Rating from Jefferies Group LLC - July 18 at 1:17 PM logoNoble Corporation - Enormous Long Term Growth Potential - Seeking Alpha - July 18 at 6:36 AM logoNoble Corporation - Enormous Long Term Growth Potential - Seeking Alpha - July 18 at 6:36 AM logoNoble Corporation plc Announces Management Change - July 18 at 6:36 AM logoNoble Corporation plc Announces Management Change - July 18 at 6:36 AM logoTechnical Insights on Oil & Gas Stocks -- Ensco, Nabors Industries, Noble, and Petroleo Brasileiro - July 17 at 9:45 AM logoUpdate Analysis Of Transocean And Noble - July 17 at 9:45 AM logoNoble Corporation (NYSE:NE) Receives Consensus Recommendation of "Hold" from Analysts - July 14 at 3:19 PM logoReviewing Noble Corporation (NYSE:NE) and SandRidge Energy (SD) - July 14 at 12:54 PM logoNoble Corporation Gets Drillship Work In Bulgaria - July 14 at 6:47 AM logoNine Reasons To Be Optimistic About Oilfield Services - July 11 at 3:10 AM logoTraders Purchase Large Volume of Noble Corporation Call Options (NE) - July 8 at 7:14 AM logoNoble Corporation Target of Unusually High Options Trading (NYSE:NE) - July 7 at 7:08 AM logoConocoPhillips: When Diversification is a Bad Word - July 6 at 3:42 PM logoSanford C. Bernstein Lowers Noble Corporation (NYSE:NE) to Underperform - July 6 at 7:46 AM logoRowan Companies: Analysts’ View before Its 2Q17 Results - July 5 at 8:54 AM logoNoble’s Revenue Is Expected to Fall 68% in 2Q17 - July 4 at 12:15 AM logoNoble Corporation (NYSE:NE) PT Set at $7.00 by Jefferies Group LLC - July 3 at 6:25 PM logoNoble Corporation (NE) Expected to Announce Quarterly Sales of $273.08 Million - July 2 at 7:32 AM logoNoble Corporation (NYSE:NE) Sees Significant Decrease in Short Interest - July 2 at 7:20 AM logoZacks: Analysts Expect Noble Corporation (NE) to Post -$0.33 Earnings Per Share - July 1 at 12:12 AM logoNoble Corporation (NE) Downgraded by Bank of America Corporation to Underperform - June 30 at 10:56 AM logoNoble (NE) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow - June 28 at 8:26 PM logoExxon (XOM), Hess & Statoil Consortium Win Suriname's Block - Nasdaq - June 28 at 11:38 AM logoOnly Seadrill and Noble Could Increase Their Backlogs among Peers - June 28 at 11:38 AM logoOffshore Drillers with the Highest and Lowest Backlogs - June 28 at 11:38 AM logoAFGlobal Awarded Managed Pressure Drilling Contract - June 28 at 11:26 AM logoQ1 2019 EPS Estimates for Noble Corporation (NE) Decreased by Analyst - June 23 at 1:08 PM logo3 Value Stocks for Smart Investors - June 22 at 8:20 AM logoNoble Corporation (NE) Lowered to Neutral at Seaport Global Securities - June 21 at 8:54 AM logoNoble Corporation plc To Present At The J.P. Morgan Energy Equity Conference - June 20 at 7:50 PM logoNoble Corporation (NE) Given Average Recommendation of "Hold" by Analysts - June 19 at 2:28 PM logoNoble Corporation (NE) Forecasted to Post Q2 2017 Earnings of ($0.31) Per Share - June 19 at 7:12 AM logoNoble Corp - A Serious Look At The Company's Backlog After The Last Fleet Status Release - June 16 at 7:44 PM logoNoble Corporation (NE) Lowered to Neutral at Citigroup Inc. - June 16 at 8:48 AM logoNoble Corp. Secures New Contracts - Seeking Alpha - June 16 at 8:05 AM logoStockpiling Noble Corp. - Seeking Alpha - June 12 at 4:09 PM logoHow Analysts Reacted to Ensco’s Acquisition - June 8 at 9:59 AM logo Brokerages Anticipate Noble Co. (NE) Will Announce Quarterly Sales of $275.77 Million - June 8 at 9:30 AM logoNoble (NE) versus Enerplus Corp (ERF) Head to Head Analysis - June 8 at 8:22 AM logoZacks: Analysts Expect Noble Co. (NE) Will Announce Earnings of -$0.34 Per Share - June 6 at 10:28 PM logoAnalyzing Rowan Companies and Transocean’s Target Prices - June 1 at 7:38 PM logoNoble Corporation plc To Present At The Barclays High Yield Bond & Syndicated Loan Conference - June 1 at 7:38 PM logoWhere Are Seadrill’s Investors Placing Their Hopes? - May 31 at 9:46 AM



Noble (NE) Chart for Saturday, July, 22, 2017

This page was last updated on 7/22/2017 by Staff