About Noble Corporation (NYSE:NE)
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
Industry Oil & Gas Drilling & Exploration
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$2.30 billion
Price / Sales0.44
Cash Flow$2.52 per share
Price / Cash1.64
Book Value$24.35 per share
Price / Book0.17
Return on Equity-3.94%
Return on Assets-2.19%
Frequently Asked Questions for Noble Corporation (NYSE:NE)
What is Noble Corporation's stock symbol?
Noble Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "NE."
How were Noble Corporation's earnings last quarter?
Noble Corporation (NYSE:NE) announced its quarterly earnings data on Thursday, November, 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of ($0.36). The oil and gas company earned $266.20 million during the quarter, compared to the consensus estimate of $269.61 million. Noble Corporation had a negative return on equity of 3.94% and a negative net margin of 136.22%. The firm's revenue was down 30.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) EPS. View Noble Corporation's Earnings History.
When will Noble Corporation make its next earnings announcement?
Where is Noble Corporation's stock going? Where will Noble Corporation's stock price be in 2017?
26 brokerages have issued 1 year target prices for Noble Corporation's stock. Their predictions range from $2.00 to $12.50. On average, they anticipate Noble Corporation's share price to reach $5.60 in the next year. View Analyst Ratings for Noble Corporation.
What are Wall Street analysts saying about Noble Corporation stock?
Here are some recent quotes from research analysts about Noble Corporation stock:
- 1. 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. What's more, Noble continues to benefit from its ability to land contract extensions even in a weak market. Moreover, the company’s continuous endeavors to upgrade its fleet will prove beneficial in the existing tough market conditions. However, the driller’s three-month pricing chart reveals Noble underperformed the drilling industry. The company’s high level of debt is another concern." (10/23/2017)
- 2. UBS Group 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)
- 3. 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)
Are investors shorting Noble Corporation?
Noble Corporation saw a increase in short interest in October. As of October 31st, there was short interest totalling 47,441,898 shares, an increase of 10.9% from the October 13th total of 42,778,922 shares. Based on an average daily trading volume, of 5,736,795 shares, the days-to-cover ratio is currently 8.3 days. Currently, 19.6% of the company's stock are sold short.
Who are some of Noble Corporation's key competitors?
Some companies that are related to Noble Corporation include Whiting Petroleum Corporation (WLL), China Coal Energy (CCOZY), Covanta Holding Corporation (CVA), Beach Energy (BCHEY), BP Midstream Partners LP (BPMP), World Fuel Services Corporation (INT), C&J Energy Services (CJ), CVR Refining, LP (CVRR), Oceaneering International (OII), Semgroup Corporation (SEMG), Black Stone Minerals, L.P. (BSM), Rowan Companies PLC (RDC), Dril-Quip (DRQ), SolarEdge Technologies (SEDG), Nabors Industries (NBR), Wildhorse Resource Development Corporation (WRD), Cairn Energy PLC (CRNCY) and Keane Group (FRAC).
Who owns Noble Corporation stock?
Noble Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
FIREFLY VALUE PARTNERS, LP
(5.00%), Dimensional Fund Advisors LP (4.90%), Contrarius Investment Management Ltd (2.71%), Bank of New York Mellon Corp (2.13%), Van ECK Associates Corp (1.36%) and California Public Employees Retirement System (0.97%). Company insiders that own Noble Corporation stock include Mary P Ricciardello, Michael A Cawley and Scott Marks. View Institutional Ownership Trends for Noble Corporation.
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 Dimensional Fund Advisors LP, Canada Pension Plan Investment Board, Bank of New York Mellon Corp, GSA Capital Partners LLP, Cipher Capital LP, SG Americas Securities LLC, Commonwealth Bank of Australia and Aperio Group LLC. View Insider Buying and Selling for Noble Corporation.
Who bought Noble Corporation stock? Who is buying Noble Corporation stock?
Noble Corporation's stock was bought by a variety of institutional investors in the last quarter, including SG Capital Management LLC, Contrarius Investment Management Ltd, California Public Employees Retirement System, Allianz Asset Management GmbH, Schroder Investment Management Group, Schwab Charles Investment Management Inc., Pinebridge Investments L.P. and Legal & General Group Plc. View Insider Buying and Selling for Noble Corporation.
How do I buy Noble Corporation stock?
Shares of Noble Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Noble Corporation's stock price today?
One share of Noble Corporation stock can currently be purchased for approximately $4.13.
How big of a company is Noble Corporation?
Noble Corporation has a market capitalization of $989.67 million and generates $2.30 billion in revenue each year. The oil and gas company earns $-929,580,000.00 in net income (profit) each year or ($7.38) on an earnings per share basis. Noble Corporation employs 2,800 workers across the globe.
How can I contact Noble Corporation?
Noble Corporation's mailing address is Devonshire House 1 Mayfair Place, London X0, W1J8AJ. The oil and gas company can be reached via phone at 44-20-3300-2300 or via email at [email protected]
MarketBeat Community Rating for Noble Corporation (NE)MarketBeat's community ratings are surveys of what our community members think about Noble Corporation 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.
Analysts' Consensus Rating for Noble Corporation (NYSE:NE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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: ||5 Sell Ratings, 17 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.96)|
|Consensus Price Target: ||$5.60 (35.54% upside)|
Consensus Price Target History for Noble Corporation (NYSE:NE)
Analysts' Ratings History for Noble Corporation (NYSE:NE)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/12/2017||Royal Bank Of Canada||Set Price Target||Hold||$5.00||N/A|
|10/22/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$2.85||N/A|
|10/18/2017||Cowen and Company||Set Price Target||Hold||$3.00||N/A|
|10/10/2017||Deutsche Bank AG||Initiated Coverage||Hold||$4.00||N/A|
|8/18/2017||Argus||Reiterated Rating||Outperform -> Sell||$6.00||Low|
|8/9/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Sell||Low|
|8/7/2017||Seaport Global Securities||Reiterated Rating||Neutral||High|
|8/7/2017||Societe Generale||Downgrade||Buy -> Hold||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|
|6/16/2017||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|
|5/1/2017||Barclays PLC||Lower Price Target||Equal Weight||$7.00 -> $5.00||Low|
|4/21/2017||Credit Suisse Group||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|
|2/12/2017||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|
|1/17/2017||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|1/6/2017||Iberia Capital||Initiated Coverage||Outperform||$12.50||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|
|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|
|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 and Estimates Chart for Noble Corporation (NYSE:NE)
Earnings History by Quarter for Noble Corporation (NYSE NE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017||Q3 2017||($0.36)||($0.36)||$269.61 million||$266.20 million||View||N/A|
|8/3/2017||Q2 2017||($0.33)||($0.31)||$284.99 million||$278.10 million||View||Listen|
|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 Corporation (NYSE:NE)
2017 EPS Consensus Estimate: ($1.16)
2018 EPS Consensus Estimate: ($1.28)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Noble Corporation (NYSE:NE)
|Most Recent Dividend:||8/8/2016|
|Dividend Growth:||-40.40% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Noble Corporation (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 Corporation (NYSE NE)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 91.71%
Insider Trades by Quarter for Noble Corporation (NYSE NE)
(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|| |
Latest Headlines for Noble Corporation (NYSE NE)
Noble Corporation (NYSE NE) Chart for Thursday, November, 23, 2017