Noble Corporation Company Profile (NYSE:NE)

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

Noble Corporation (NYSE:NE) released its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.31) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.02. The company had revenue of $278.10 million for the quarter, compared to the consensus estimate of $284.99 million. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. Noble Corporation's revenue was down 68.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. View Noble Corporation's Earnings History.

Noble Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Noble Corporation.

27 brokerages have issued 12 month price targets for Noble Corporation's stock. Their forecasts range from $2.00 to $12.50. On average, they expect Noble Corporation's stock price to reach $5.80 in the next year. View Analyst Ratings for Noble Corporation.

Here are some recent quotes from research analysts about Noble Corporation 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)

Noble Corporation saw a decrease in short interest in the month of August. As of August 31st, there was short interest totalling 44,463,750 shares, a decrease of 13.0% from the August 15th total of 51,083,256 shares. Based on an average trading volume of 5,497,501 shares, the days-to-cover ratio is presently 8.1 days. Currently, 18.4% of the shares of the company are short sold.

Some companies that are related to Noble Corporation include CES Energy Solutions Corp (CEU), Halcon Resources Corporation (HK), Ring Energy (REI), SandRidge Energy (SD), Geopark Ltd (GPRK), Trinidad Drilling (TDG), Independence Contract Drilling (ICD), Cathedral Energy Services Ltd (CET), Magnum Hunter Resources Corp (MHR), North Atlantic Drilling (NADL), Progress Energy (PGN), Ocean Rig UDW (ORIG), Breitburn Energy Partners LP (BBEP), Hercules Offshore Com (HERO) and Vanguard Natural Resources (VNR).

Noble Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.24%), Vanguard Group Inc. (9.61%), State Street Corp (9.16%), Dimensional Fund Advisors LP (7.72%), FIREFLY VALUE PARTNERS, LP (5.00%) and Bank of New York Mellon Corp (2.31%). Company insiders that own Noble Corporation stock include Bernie G Wolford, Mary P Ricciardello, Michael A Cawley and Scott Marks. View Institutional Ownership Trends for Noble Corporation.

Noble Corporation's stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Dimensional Fund Advisors LP, Marshall Wace North America L.P., Royal Bank of Canada, First Quadrant L P CA, UBS Asset Management Americas Inc., Russell Investments Group Ltd. and Arrowstreet Capital Limited Partnership. View Insider Buying and Selling for Noble Corporation.

Noble Corporation's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Vanguard Group Inc., Marshall Wace LLP, Los Angeles Capital Management & Equity Research Inc., Principal Financial Group Inc., Northern Trust Corp and Quantitative Investment Management LLC. View Insider Buying and Selling for Noble Corporation.

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.

One share of Noble Corporation stock can currently be purchased for approximately $4.13.