Noble Corporation plc A

Valuation Analysis

About the Company

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America. Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.

Noble Corporation plc A Stock at a Glance

Noble Corporation plc A (NE) is currently trading at $46.93 with a market capitalization of $7.5B. The trailing P/E ratio stands at 32.82x, with a forward P/E of 18.27x. The 52-week range spans from $25.24 to $54.98; the current price is 14.6% below the yearly high. Year-over-year revenue growth stands at -10.8%. The net profit margin stands at 7.59%.

💰 Dividend

Noble Corporation plc A pays an annual dividend of $2.00 per share, representing a yield of 4.26%. The payout ratio stands at 139.86%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

10 analysts rate Noble Corporation plc A (NE) on consensus: Buy. The average price target is $50.00, implying +6.54% from the current price. Analyst price targets range from $32.00 to $59.00.

Noble Corporation plc A: The Investment Case in Detail

Noble Corporation plc A (NE) operates in the Energy — specifically Oil & Gas Drilling — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bear Case

Revenue is contracting at -10.8% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valuation in Context

The EV/EBITDA multiple of 8.84x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The forward P/E of 18.27x is meaningfully below the trailing 32.82x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (8.23%).

Trading Data

💵 Dividend Info

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