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:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling & Exploration
- Sub-Industry: N/A
- Symbol: NYSE:NE
- CUSIP: N/A
- Web: www.noblecorp.com
- Market Cap: $1.01 billion
- Outstanding Shares: 244,685,000
- 50 Day Moving Avg: $3.53
- 200 Day Moving Avg: $4.43
- 52 Week Range: $3.14 - $8.37
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -2.95
- P/E Growth: 0.04
- Annual Revenue: $1.4 billion
- Price / Sales: 0.72
- 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 results on Thursday, August, 3rd. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.33) by $0.02. The firm earned $278.10 million during the quarter, compared to analyst estimates of $284.99 million. Noble Corporation had a negative return on equity of 3.19% and a negative net margin of 122.04%. The company's revenue was down 68.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. 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?
27 analysts have issued 12-month price targets for Noble Corporation's shares. Their predictions range from $2.00 to $12.50. On average, they expect Noble Corporation's share price to reach $5.80 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. 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 the month of 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 days-to-cover ratio is presently 8.1 days. Currently, 18.4% of the company's stock are short sold.
Who are some of Noble Corporation's key competitors?
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), Ocean Rig UDW (ORIG), Progress Energy (PGN), Breitburn Energy Partners LP (BBEP), Hercules Offshore Com (HERO) and Vanguard Natural Resources (VNR).
Who owns Noble Corporation stock?
Noble Corporation's stock is owned by a variety of 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 purchased 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?
MarketBeat Community Rating for Noble Corporation (NYSE 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.
One share of Noble Corporation stock can currently be purchased for approximately $4.13.
Consensus Ratings for Noble Corporation (NYSE:NE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: ||6 Sell Ratings, 17 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 1.93)|
|Consensus Price Target: ||$5.80 (40.32% upside)|
Analysts' Ratings History for Noble Corporation (NYSE:NE)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/5/2017||Cowen and Company||Reiterated Rating||Hold||$3.00||Medium|
|9/1/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$5.00||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||Piper Jaffray Companies||Set Price Target||Hold||$4.00||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|
|5/8/2017||Deutsche Bank AG||Boost Price Target||Hold||$6.00 -> $7.00||Medium|
|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 & Co||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 Corp.||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 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|| || || || || || || || |
|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: ($1.22)
2018 EPS Consensus Estimate: ($1.13)
(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%Insider Trades by Quarter for Noble Corporation (NYSE:NE)
Institutional Ownership Percentage: 95.64%
(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|| |
Headline Trends for Noble Corporation (NYSE:NE)
Latest Headlines for Noble Corporation (NYSE:NE)
Noble Corporation (NE) Chart for Sunday, September, 24, 2017