Noble Corporation Company Profile (NYSE:NE)

About Noble Corporation (NYSE:NE)

Noble Corporation 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: $951.82 million
  • Outstanding Shares: 244,685,000
Average Prices:
  • 50 Day Moving Avg: $4.28
  • 200 Day Moving Avg: $5.89
  • 52 Week Range: $3.50 - $9.61
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -2.84
  • P/E Growth: 0.04
Sales & Book Value:
  • Annual Revenue: $2.01 billion
  • Price / Sales: 0.47
  • Book Value: $22.32 per share
  • Price / Book: 0.17
  • Annual Dividend: $0.02
  • Dividend Yield: 2.3%
  • 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: 12.15 million shs.
  • Beta: 2.13
  • Short Ratio: 4.28

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 often does Noble Corporation pay dividends? What is the dividend yield for Noble Corporation?

Noble Corporation declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Monday, August 1st will be paid a dividend of $0.02 per share on Monday, August 8th. This represents a $0.08 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, July 28th. View Noble Corporation's Dividend History.

How were Noble Corporation's earnings last quarter?

Noble Corporation (NYSE:NE) announced its quarterly earnings data on Thursday, May, 4th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The firm earned $363 million during the quarter, compared to analyst estimates of $368.25 million. Noble Corporation had a negative return on equity of 1.69% and a negative net margin of 65.11%. The business's quarterly revenue was down 40.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. View Noble Corporation's Earnings History.

Where is Noble Corporation's stock going? Where will Noble Corporation's stock price be in 2017?

28 brokers have issued 12 month price targets for Noble Corporation's shares. Their predictions range from $3.50 to $12.50. On average, they anticipate Noble Corporation's stock price to reach $6.79 in the next twelve months. View Analyst Ratings for Noble Corporation.

What are analysts saying about Noble Corporation stock?

Here are some recent quotes from research analysts about Noble Corporation stock:

  • 1. 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)
  • 2. 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 Corporation?

Noble Corporation saw a increase in short interest in May. As of May 31st, there was short interest totalling 59,380,419 shares, an increase of 2.8% from the May 15th total of 57,768,895 shares. Based on an average daily trading volume, of 13,522,467 shares, the short-interest ratio is currently 4.4 days. Currently, 24.6% of the shares of the stock are short sold.

Who are some of Noble Corporation's key competitors?

Who owns Noble Corporation stock?

Noble Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.62%), Dimensional Fund Advisors LP (8.43%), Vanguard Group Inc. (8.24%), State Street Corp (6.96%), Bank of New York Mellon Corp (2.25%) and Contrarius Investment Management Ltd (2.23%). 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.

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 Marshall Wace LLP, First Trust Advisors LP, LSV Asset Management, UBS Asset Management Americas Inc., First Quadrant L P CA, Renaissance Technologies LLC, Prudential Financial Inc. and Neuburgh Advisers 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., State Street Corp, TVR Capital Management LP, Bank of New York Mellon Corp and Credit Suisse AG. 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 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 $3.89.

MarketBeat Community Rating for Noble Corporation (NYSE NE)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  438 (Vote Outperform)
Underperform Votes:  573 (Vote Underperform)
Total Votes:  1,011
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.

Analyst Ratings

Consensus Ratings for Noble Corporation (NYSE:NE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Sell Ratings, 17 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.04)
Consensus Price Target: $6.79 (74.42% upside)

Analysts' Ratings History for Noble Corporation (NYSE:NE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/21/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$5.00 -> $3.50HighView Rating Details
6/16/2017Citigroup IncDowngradeBuy -> Neutral$11.00 -> $4.70HighView Rating Details
5/24/2017Jefferies Group LLCSet Price TargetBuy$7.00MediumView 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 GroupReiterated 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
1/20/2017Bank of America CorporationUpgradeUnderperform -> Neutral$8.00N/AView Rating Details
1/17/2017Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
1/6/2017Royal Bank Of CanadaReiterated RatingSell$7.00N/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
12/1/2016Sanford C. BernsteinInitiated CoverageMarket Perform$6.50N/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 6/25/2015 forward)


Earnings History for Noble Corporation (NYSE:NE)
Earnings by Quarter for Noble Corporation (NYSE:NE)
Earnings History by Quarter for Noble Corporation (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 Corporation (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 Corporation (NYSE:NE)
Most Recent Dividend:8/8/2016
Annual Dividend:$0.02
Dividend Yield:0.51%
Dividend Growth:-40.40% (3 Year Average)
Payout Ratio:-0.36% (Trailing 12 Months of Earnings)
-1.64% (Based on This Year's Estimates)
-1.46% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Noble Corporation (NYSE:NE)

Dividend History by Quarter for Noble Corporation (NYSE NE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Noble Corporation (NYSE:NE)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 99.02%
Insider Trades by Quarter for Noble Corporation (NYSE:NE)
Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)
Insider Trades by Quarter for Noble Corporation (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 Corporation (NYSE:NE)
Latest Headlines for Noble Corporation (NYSE:NE)
DateHeadline 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 logoWhat to Expect from Seadrill Partners’ 2Q17 Revenue - May 30 at 6:29 PM logoAnalyzing Seadrill Partners’ Backlog and Contract Updates - May 30 at 6:29 PM logoWhy Seadrill’s Tendering Activity Matters to Its Medium-Term Outlook - May 29 at 3:25 PM logoWhat Happened to Seadrill’s 1Q17 Revenue - May 29 at 3:25 PM logoJefferies Group LLC Reiterates "Buy" Rating for Noble Co. (NE) - May 29 at 9:30 AM logoNoble Co. (NE) Sees Significant Increase in Short Interest - May 29 at 7:42 AM logoJefferies Group LLC Reiterates $7.00 Price Target for Noble Co. (NE) - May 25 at 5:33 PM logoNoble Corporation plc To Participate In The Bernstein 33rd Annual Strategic Decisions Conference - May 24 at 6:53 PM logoNoble Co. (NE) Receives Average Rating of "Hold" from Brokerages - May 23 at 3:02 PM logoAnalysts Expect Seadrill’s Revenue to Fall 38% in 1Q17 - May 22 at 6:03 PM logoNoble Corporation: Fleet Report And Scandal In Brazil - May 19 at 7:16 PM logoNoble Energy sells stake in Marcellus midstream MLP for $765M - Houston Business Journal - May 19 at 11:29 AM logoNoble Co. (NE) Price Target Raised to $5.00 at Instinet - May 18 at 9:14 AM logoNoble Co. (NE) Rating Increased to Neutral at Nomura - May 18 at 8:34 AM logoNoble Energy Sells Marcellus Midstream to Quantum Energy Partners for $765 Million - Nasdaq - May 18 at 8:13 AM logoNoble Corporation plc To Present At The UBS Global Oil And Gas Conference - May 17 at 6:44 PM logoNoble Should Be Worth Less - May 16 at 10:18 AM logoBehind Atwood Oceanics’ Reduced Cost Guidance for 2017 - May 16 at 10:18 AM logoUnderstanding Atwood Oceanics’ Future Revenues Through Backlog - May 15 at 6:06 PM logoNoble Co. (NE) Sees Significant Drop in Short Interest - May 15 at 8:08 AM logoNoble Co. (NE) Expected to Post Quarterly Sales of $276.48 Million - May 13 at 9:40 AM logoUBS and Jefferies Reduce Noble’s Target Price after 1Q17 Results - May 12 at 7:23 PM logoNoble Corporation Revised Its 2017 Cost Guidance Downward - May 12 at 7:42 AM logoDigging into Noble Corporation’s 1Q17 Results - May 11 at 7:16 PM logoNoble Corporation: Optimistic about Offshore Drilling Outlook - May 11 at 7:16 PM logoNoble Corporation Successfully Increases Backlog in Downturn - May 11 at 7:16 PM logoETFs with exposure to Noble Corp. Plc : May 11, 2017 - May 11 at 7:16 PM logoWhy Did Rowan’s Target Price Get Revised? - May 11 at 9:25 AM logo-$0.32 Earnings Per Share Expected for Noble Co. (NE) This Quarter - May 11 at 8:20 AM logoNoble Co. Forecasted to Post Q2 2017 Earnings of ($0.27) Per Share (NE) - May 11 at 8:08 AM logoResearch Analysts Set Expectations for Noble Co.'s Q1 2019 Earnings (NE) - May 10 at 2:52 PM logoRowan’s Take on the Jack-Up and Deepwater Market - May 9 at 6:26 PM logoNoble Corporation: Ready To Rise From Lows? - May 9 at 11:34 AM



Noble Corporation (NE) Chart for Sunday, June, 25, 2017

This page was last updated on 6/25/2017 by Staff