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: $981.19 million
  • Outstanding Shares: 244,903,000
Average Prices:
  • 50 Day Moving Avg: $3.53
  • 200 Day Moving Avg: $4.43
  • 52 Week Range: $3.14 - $8.37
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -3.04
  • P/E Growth: 0.04
Sales & Book Value:
  • Annual Revenue: $1.4 billion
  • Price / Sales: 0.74
  • Book Value: $21.95 per share
  • Price / Book: 0.19
  • EBIDTA: $639.7 million
  • Net Margins: -122.04%
  • Return on Equity: -3.19%
  • Return on Assets: -1.83%
  • Debt-to-Equity Ratio: 0.62%
  • Current Ratio: 1.45%
  • Quick Ratio: 1.45%
  • Average Volume: 8.50 million shs.
  • Beta: 2.18
  • Short Ratio: 4.22

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) issued its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.02. The company had revenue of $278.10 million for the quarter, compared to analysts' expectations 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 for the quarter was down 68.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. View Noble Corporation's Earnings History.

When will Noble Corporation make its next earnings announcement?

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

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

28 brokerages have issued 12-month target prices for Noble Corporation's shares. Their predictions range from $2.00 to $12.50. On average, they anticipate Noble Corporation's share price to reach $5.80 in the next year. 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. 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 Corporation?

Noble Corporation saw a drop in short interest in August. As of August 31st, there was short interest totalling 44,463,750 shares, a drop 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 short-interest ratio is presently 8.1 days. Currently, 18.4% of the company's stock are sold short.

Who are some of Noble Corporation's key competitors?

Who owns Noble Corporation stock?

Noble Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders 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.

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 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.

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., 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.

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 $4.25.

MarketBeat Community Rating for Noble Corporation (NYSE NE)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  493 (Vote Outperform)
Underperform Votes:  641 (Vote Underperform)
Total Votes:  1,134
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: 6 Sell Ratings, 17 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 1.96)
Consensus Price Target: $5.80 (36.36% upside)

Analysts' Ratings History for Noble Corporation (NYSE:NE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/5/2017Cowen and CompanyReiterated RatingHold$3.00MediumView Rating Details
9/1/2017Royal Bank Of CanadaReiterated RatingHold$5.00N/AView Rating Details
8/18/2017ArgusReiterated RatingOutperform -> Sell$6.00LowView Rating Details
8/9/2017Goldman Sachs Group, Inc. (The)UpgradeSellLowView Rating Details
8/7/2017Seaport Global SecuritiesReiterated RatingNeutralHighView Rating Details
8/7/2017Piper Jaffray CompaniesSet Price TargetHold$4.00HighView Rating Details
8/7/2017Societe GeneraleDowngradeBuy -> HoldHighView 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
6/16/2017Citigroup 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 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
2/12/2017Raymond 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
1/17/2017Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
1/6/2017Iberia CapitalInitiated CoverageOutperform$12.50N/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
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
2/8/2016KLR GroupBoost Price TargetBuy$11.50N/AView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$16.00N/AView Rating Details
(Data available from 9/21/2015 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
8/3/2017Q2 2017($0.33)($0.31)$284.99 million$278.10 millionViewListenView Earnings Details
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: ($1.22)
2018 EPS Consensus Estimate: ($1.13)
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)($0.33)($0.38)
Q4 20173($0.42)($0.29)($0.33)
Q1 20181($0.29)($0.29)($0.29)
Q2 20181($0.26)($0.26)($0.26)
Q3 20181($0.31)($0.31)($0.31)
Q4 20181($0.27)($0.27)($0.27)
Q1 20191($0.28)($0.28)($0.28)
Q2 20191($0.29)($0.29)($0.29)
(Data provided by Zacks Investment Research)


Current Dividend Information for Noble Corporation (NYSE:NE)
Most Recent Dividend:8/8/2016
Dividend Yield:0.00%
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 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: 95.64%
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 logoNoble Corporation plc to Present at the Johnson Rice 2017 Energy Conference - September 20 at 6:48 AM logoNovember 17th Options Now Available For Noble (NE) - September 19 at 2:33 AM logoAnalyst Recommendations for Transocean in September - September 19 at 2:33 AM logoNoble Corporation (NE) Short Interest Update - September 18 at 1:50 AM logoNoble Corp.: What's In The Fleet Status Report? - Seeking Alpha - September 16 at 6:55 AM logoNoble: What's the Deal? - September 16 at 6:55 AM logoNoble Corp (NE) Appoints Julie Robertson to Board - - September 14 at 8:11 AM logoNoble Corp. Plc breached its 50 day moving average in a Bullish Manner : NE-US : September 13, 2017 - September 14 at 8:11 AM logoETFs with exposure to Noble Corp. Plc : September 13, 2017 - September 14 at 8:11 AM logoNoble Corp (NE) Appoints Julie Robertson to Board - September 13 at 7:00 AM logoNoble Corporation plc Names Julie J. Robertson to Board Of Directors - September 13 at 7:00 AM logoHere's Why These 3 Offshore Drilling Stocks Sank 16% or More Last Month - September 12 at 10:03 PM logo5 Energy Companies Gurus Are Buying - September 12 at 5:42 AM logoNoble Corp. Plc :NE-US: Earnings Analysis: Q2, 2017 By the Numbers : September 11, 2017 - September 12 at 5:42 AM logoNoble Corporation plc Provides Fleet Update Following Hurricane Harvey - September 6 at 6:41 AM logoCowen and Company Reiterates "Hold" Rating for Noble Corporation (NE) - September 5 at 4:10 PM logoWhy Is Noble (NE) Down 18% Since the Last Earnings Report? - Nasdaq - September 5 at 6:02 AM logoWhy Is Noble (NE) Down 18% Since the Last Earnings Report? - September 5 at 6:02 AM logoWhat Investors Should Know about Seadrill’s Latest Contracts - September 4 at 7:48 PM logoSeadrill’s 2Q17 Costs Up and EBITDA Down - September 4 at 7:48 PM logoNoble Corporation (NE) Stock Rating Upgraded by ValuEngine - September 2 at 8:50 PM logoNoble Corporation (NE) Given Average Recommendation of "Hold" by Analysts - September 2 at 2:38 PM logoWhat to Expect from Seadrill’s 3Q17 Revenue - September 2 at 6:40 AM logoNoble Corporation (NE) Stock Rating Reaffirmed by Royal Bank Of Canada - September 2 at 6:20 AM logoHead to Head Analysis: Noble Corporation (NE) versus Geopark (GPRK) - August 28 at 4:24 AM logoFrontline’s Impending Results: What You Should Know - August 26 at 7:35 AM logoUPDATE: RBC Capital Upgrades Noble Corporation (NE) to Sector Perform - - August 25 at 9:03 AM logoUPDATE: RBC Capital Upgrades Noble Corporation (NE) to Sector Perform - - August 25 at 9:03 AM logoOffshore Drillers: Analyzing Revised Target Prices Last Week - August 25 at 9:03 AM logoNoble Corporation (NE) Given "Sector Perform" Rating at Royal Bank Of Canada - August 25 at 8:18 AM logoNoble Corporation (NE) Earns Sell Rating from Argus - August 19 at 2:10 PM logoNoble Fleet Status: Further Evidence Of A Turn Around - Seeking Alpha - August 19 at 5:14 AM logoNoble Corp. PLC: Climbing Out On A Limb - August 17 at 3:54 PM logoTransocean: Keep on Slipping, Keep on Slipping - August 17 at 3:54 PM logoTransocean: The Market Still Doesn't Like the Deal - August 17 at 6:05 AM logoTransocean: The Market Still Doesn't Like the Deal - August 17 at 6:05 AM logoNoble Corporation (NE) to Post FY2018 Earnings of ($1.45) Per Share, Jefferies Group Forecasts - August 16 at 1:34 PM logo Analysts Expect Noble Corporation (NE) Will Post Quarterly Sales of $259.13 Million - August 16 at 6:48 AM logoNoble Corporation (NE) Expected to Announce Earnings of -$0.36 Per Share - August 14 at 8:42 AM logoTransocean: Analysts’ Recommendations after Its Earnings - August 12 at 6:10 AM logoTransocean’s Views on Offshore Drilling Outlook - August 11 at 6:49 AM logoDissecting Transocean’s 2Q17 Drilling Revenue - August 11 at 6:49 AM logoTransocean Secured New Contracts - August 11 at 6:49 AM logoNoble Corporation's Earnings Keep Declining on Weak Offshore Market - Motley Fool - August 9 at 3:41 PM logoTransocean: Please Don't Mistake This Upgrade for a Vote of Confidence in Offshore Drilling - August 9 at 3:41 PM logoSeaport Global Securities Comments on Noble Corporation's Q3 2017 Earnings (NE) - August 9 at 7:44 AM logoNoble Corp. cut to Hold from Buy at Societe Generale - August 9 at 2:59 AM logoNoble Corporation's Earnings Keep Declining on Weak Offshore Market - August 9 at 2:59 AM logoNoble Corporation (NYSE:NE) Receives Consensus Recommendation of "Hold" from Analysts - August 8 at 2:44 PM logoNoble Corporation's Earnings Keep Declining on Weak Offshore Market - August 8 at 1:31 PM



Noble Corporation (NE) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by Staff