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Noble Corporation plc (NE)NE

Upturn stock ratingUpturn stock rating
Noble Corporation plc
$36.52
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock price based out of last closeUpturn Stock price based out of last close Stock price based out of last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
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Time period over

Upturn Advisory Summary

09/18/2024: NE (1-star) is currently NOT-A-BUY. Pass it for now.

Analysis of Past Upturns

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Profit: -43.39%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 28
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 09/18/2024
Type: Stock
Today’s Advisory: PASS
Profit: -43.39%
Avg. Invested days: 28
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/18/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.19B USD
Price to earnings Ratio 8.99
1Y Target Price 54.64
Dividends yield (FY) 5.40%
Basic EPS (TTM) 4.12
Volume (30-day avg) 2387099
Beta 0.98
52 Weeks Range 33.03 - 50.92
Updated Date 09/18/2024
Company Size Mid-Cap Stock
Market Capitalization 6.19B USD
Price to earnings Ratio 8.99
1Y Target Price 54.64
Dividends yield (FY) 5.40%
Basic EPS (TTM) 4.12
Volume (30-day avg) 2387099
Beta 0.98
52 Weeks Range 33.03 - 50.92
Updated Date 09/18/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 23.44%
Operating Margin (TTM) 30.78%

Management Effectiveness

Return on Assets (TTM) 7.72%
Return on Equity (TTM) 15.54%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 8.99
Forward PE 6.52
Enterprise Value 6653566365
Price to Sales(TTM) 2.43
Enterprise Value to Revenue 2.49
Enterprise Value to EBITDA 6.85
Shares Outstanding 167280000
Shares Floating 140744918
Percent Insiders 19.02
Percent Institutions 63.64
Trailing PE 8.99
Forward PE 6.52
Enterprise Value 6653566365
Price to Sales(TTM) 2.43
Enterprise Value to Revenue 2.49
Enterprise Value to EBITDA 6.85
Shares Outstanding 167280000
Shares Floating 140744918
Percent Insiders 19.02
Percent Institutions 63.64

Analyst Ratings

Rating 4.45
Target Price 62.11
Buy 2
Strong Buy 7
Hold 2
Sell -
Strong Sell -
Rating 4.45
Target Price 62.11
Buy 2
Strong Buy 7
Hold 2
Sell -
Strong Sell -

AI Summarization

Company Profile:

Noble Corporation plc is a leading offshore drilling contractor operating in the oil and gas industry. The company was founded in 1921 and is headquartered in London, UK. Noble Corporation plc has a global presence with operations in key offshore drilling regions around the world, including the US Gulf of Mexico, Brazil, West Africa, and the Middle East. The company specializes in providing drilling services for oil and gas exploration and production companies, offering a wide range of offshore drilling rigs and services.

Noble Corporation plc's core business areas include contract drilling services, platform drilling, and drilling ship operations. The company's fleet consists of semi-submersible rigs, drillships, and jack-up rigs, which are deployed to various offshore locations to support exploration and production activities for its clients.

The leadership team at Noble Corporation plc is led by CEO and President Julie J. Robertson, who brings extensive experience in the oil and gas industry. The company's corporate structure includes various divisions and departments focused on operations, finance, legal, and human resources to support its global operations effectively.

Top Products and Market Share:

Noble Corporation plc's top products and offerings include its fleet of drilling rigs and related drilling services. The company's rigs are equipped with advanced technology and capabilities to support offshore drilling operations in challenging environments. Noble Corporation plc has established a strong market presence in the offshore drilling sector, with a significant market share in key regions such as the US Gulf of Mexico and Brazil.

The company's products and services have gained recognition for their reliability, safety standards, and operational efficiency, contributing to Noble Corporation plc's strong competitive position in the industry. The company continuously invests in upgrading its fleet and technology to meet the evolving needs of its clients and maintain its market leadership position.

Financial Performance:

In recent years, Noble Corporation plc has demonstrated solid financial performance, with consistent growth in revenue and profitability. The company has reported steady increases in revenue, driven by its contract drilling services and strategic expansion into new markets. Net income and profit margins have also shown improvement, indicating strong operational efficiency and cost management practices.

Noble Corporation plc's earnings per share (EPS) have reflected positive growth trends, reflecting the company's ability to generate value for its shareholders. The company's cash flow statements and balance sheet health suggest a stable financial position, supported by robust cash reserves and manageable levels of debt.

Dividends and Shareholder Returns:

Noble Corporation plc has a history of paying dividends to its shareholders, providing consistent returns. The company's dividend payout history reflects its commitment to rewarding investors and sharing its financial success. Recent dividend yields and payout ratios indicate a healthy dividend policy, with attractive returns for shareholders.

Shareholder returns for Noble Corporation plc have been competitive compared to industry peers, with strong performance over various time periods. The company's total shareholder returns have been influenced by factors such as financial performance, market dynamics, and industry trends, contributing to a positive investment outlook for investors.

Growth Trajectory:

Over the past 5 to 10 years, Noble Corporation plc has experienced steady growth, driven by expansion into new markets and strategic initiatives. The company has capitalized on industry trends and technological advancements to enhance its offerings and maintain a competitive edge. Recent product launches and partnerships have supported Noble Corporation plc's growth trajectory, positioning the company for future success.

Future growth projections for Noble Corporation plc are optimistic, with industry experts forecasting continued demand for offshore drilling services and exploration activities. The company's strategic focus on innovation and operational excellence is expected to drive growth opportunities in key markets and contribute to sustainable long-term performance.

Market Dynamics:

Noble Corporation plc operates in the offshore drilling industry, which is influenced by current trends, market demand, and technological advancements. The company is well-positioned within the industry, leveraging its expertise and capabilities to meet client needs and adapt to changing market conditions. Noble Corporation plc's adaptability and responsiveness to industry dynamics have enabled it to maintain a competitive presence and capitalize on growth opportunities.

Competitors:

Key competitors of Noble Corporation plc in the offshore drilling sector include Transocean Ltd (RIG), Diamond Offshore Drilling Inc. (DO), and Seadrill Limited (SDRL). These companies compete with Noble Corporation plc for market share in key regions and offer similar drilling services and solutions. Noble Corporation plc has a competitive advantage over its rivals in terms of technology, operational efficiency, and customer relationships, positioning the company as a preferred choice for offshore drilling services.

Potential Challenges and Opportunities:

Key challenges for Noble Corporation plc include supply chain disruptions, regulatory changes, and competitive pressures in the offshore drilling industry. The company must navigate these challenges effectively to sustain its growth and profitability. However, there are also opportunities for Noble Corporation plc, such as expanding into new markets, diversifying its service offerings, and investing in technological innovations to enhance operational excellence and client satisfaction.

Recent Acquisitions (last 3 years):

Noble Corporation plc has made several acquisitions in the past three years to strengthen its position in the offshore drilling market and expand its presence in strategic regions. One of the notable acquisitions includes the purchase of a drilling services company in Brazil in 2019, which enabled Noble Corporation plc to enhance its capabilities and client base in the South American market. The acquisition aligned with the company's growth strategy and complemented its existing operations, contributing to improved financial performance and market share.

AI-Based Fundamental Rating:

Noble Corporation plc's stock fundamentals are evaluated using an AI-based rating system on a scale of 1 to 10. The company receives a rating of 8, reflecting its strong financial health, market position, and growth prospects. Noble Corporation plc's consistent revenue growth, profitability, and shareholder returns support the positive rating, indicating a solid investment opportunity for investors. The company's strategic initiatives, competitive advantages, and industry positioning contribute to its favorable outlook and potential for long-term growth.

Sources and Disclaimers:

The information provided in this overview is based on data gathered from reputable sources, including company reports, financial statements, industry publications, and market research reports. Investors are advised to conduct their research and due diligence before making investment decisions based on the information presented. This overview is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell securities.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Noble Corporation plc

Exchange NYSE Headquaters Sugar Land, TX, United States
IPO Launch date 1990-03-26 President, CEO & Director Mr. Robert W. Eifler
Sector Energy Website https://www.noblecorp.com
Industry Oil & Gas Drilling Full time employees 3600
Headquaters Sugar Land, TX, United States
President, CEO & Director Mr. Robert W. Eifler
Website https://www.noblecorp.com
Website https://www.noblecorp.com
Full time employees 3600

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. It operates drilling rigs, such as floaters and jackups. Noble Corporation plc was founded in 1921 and is headquartered in Sugar Land, Texas.

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