NE Stock Analysis: Noble | NYSE
Oil & Gas Drilling | NYSE, USA | Market Cap: 7.302m USD | 12M Return: 53.1% | KYG6610J2093 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 51.1M
EPS Trend: -82.1%
Qual. Beats: 0
Rev. Trend: 81.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 5.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Noble Corporation plc is a Houston-based offshore drilling contractor that provides contract drilling services to the global oil and gas industry using mobile offshore drilling units, including floaters and jackups. The company operates across major offshore basins in Africa, the Far East, the North Sea, Oceania, South America, and the U.S. Gulf of America, serving exploration and production companies that typically engage drilling contractors on day-rate contracts tied to project duration and rig specification.
Founded in 1921 and listed on the NYSE under the ticker NE, Noble is classified within the GICS Energy sector under the Oil & Gas Drilling sub-industry. Offshore drillers like Noble generate revenue primarily through long-term or short-term day-rate contracts, with utilization and day rates heavily influenced by oil company capital spending cycles and the supply of available rigs in active basins.
- Deepwater dayrates surge on tightening floater supply
- Offshore rig demand strengthens as oil prices boost E&P capex
- Diamond Offshore merger expands fleet and backlog
| Net Income: 149.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.42 > 1.0 |
| NWC/Revenue: 18.30% < 20% (prev 16.61%; Δ 1.69% < -1%) |
| CFO/TA 0.12 > 3% & CFO 881.7m > Net Income 149.6m |
| Net Debt (1.45b) to EBITDA (910.7m): 1.60 < 3 |
| Current Ratio: 1.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (161.0m) vs 12m ago -0.35% < -2% |
| Gross Margin: 26.69% > 18% (prev 24.89%; Δ 1.80% > 0.5%) |
| Asset Turnover: 41.16% > 50% (prev 45.01%; Δ -3.85% > 0%) |
| Interest Coverage Ratio: 2.13 > 6 (EBIT TTM 338.6m / Interest Expense TTM 158.7m) |
| A: 0.08 (Total Current Assets 1.18b - Total Current Liabilities 613.8m) / Total Assets 7.24b |
| B: 0.03 (Retained Earnings 207.8m / Total Assets 7.24b) |
| C: 0.05 (EBIT TTM 338.6m / Avg Total Assets 7.45b) |
| D: 1.63 (Book Value of Equity 4.48b / Total Liabilities 2.76b) |
| Altman-Z'' = 2.62 = A |
| DSRI: 0.82 (Receivables 616.2m/844.8m, Revenue 3.07b/3.45b) |
| GMI: 0.93 (GM 24.89% / 26.69%) |
| AQI: -1.82 (AQ_t -0.12 / AQ_t-1 0.07) |
| SGI: 0.89 (Revenue 3.07b / 3.45b) |
| TATA: -0.10 (NI 149.6m - CFO 881.7m) / TA 7.24b) |
| Beneish M = -4.99 (Cap -4..+1) = AAA |
As of September 18, 2026, the stock is trading at USD 44.18 with a total of 763,407 shares traded. Over the past week, the price has changed by -3.41%, over one month by -1.19%, over three months by +3.75% and over the past year by +53.11%.
Current recommended Stop Loss: 41.90 (which is 5.2% or 1.3 ATR below the current price).
Noble has received a consensus analysts rating of 4.09. Therefore, it is recommended to buy NE.
- StrongBuy: 5
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48.5 | 9.7% |
P/E Trailing = 48.1474
P/E Forward = 20.9644
P/S = 2.5313
P/B = 1.6185
Revenue TTM = 3.07b USD
EBIT TTM = 338.6m USD
EBITDA TTM = 910.7m USD
Long Term Debt = 1.89b USD (from longTermDebt, last quarter)
Short Term Debt = 13.9m USD (from shortTermDebt, last fiscal year)
Debt = 1.91b USD (from shortLongTermDebtTotal, last quarter) + Leases 21.0m
Net Debt = 1.45b USD (calculated: Debt 1.91b - CCE 456.2m)
Enterprise Value = 8.76b USD (7.30b + Debt 1.91b - CCE 456.2m)
Interest Coverage Ratio = 2.13 (Ebit TTM 338.6m / Interest Expense TTM 158.7m)
EV/FCF = 30.84x (Enterprise Value 8.76b / FCF TTM 283.9m)
FCF Yield = 3.24% (FCF TTM 283.9m / Enterprise Value 8.76b)
FCF Margin = 9.25% (FCF TTM 283.9m / Revenue TTM 3.07b)
Net Margin = 4.88% (Net Income TTM 149.6m / Revenue TTM 3.07b)
Gross Margin = 26.69% ((Revenue TTM 3.07b - Cost of Revenue TTM 2.25b) / Revenue TTM)
Gross Margin QoQ = 37.99% (prev 38.88%)
Tobins Q-Ratio = 1.21 (Enterprise Value 8.76b / Total Assets 7.24b)
Interest Expense / Debt = 8.31% (Interest Expense 158.7m / Debt 1.91b)
Taxrate = 24.34% (48.1m / 197.7m)
NOPAT = 256.2m (EBIT 338.6m * (1 - 24.34%))
Current Ratio = 1.91 (Total Current Assets 1.18b / Total Current Liabilities 613.8m)
Debt / Equity = 0.43 (Debt 1.91b / totalStockholderEquity, last quarter 4.48b)
Debt / EBITDA = 1.60 (Net Debt 1.45b / EBITDA 910.7m)
Debt / FCF = 5.12 (Net Debt 1.45b / FCF TTM 283.9m)
Total Stockholder Equity = 4.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.01% (Net Income 149.6m / Total Assets 7.24b)
RoE = 3.30% (Net Income TTM 149.6m / Total Stockholder Equity 4.54b)
RoCE = 5.27% (EBIT 338.6m / Capital Employed (Equity 4.54b + L.T.Debt 1.89b))
RoIC = 3.95% (NOPAT 256.2m / Invested Capital 6.49b)
WACC = 8.30% (E(7.30b)/V(9.21b) * Re(8.83%) + D(1.91b)/V(9.21b) * Rd(8.31%) * (1-Tc(0.24)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.11 | Cagr: 4.44%
[DCF] Terminal Value 73.10% ; FCFF base≈334.2m ; Y1≈293.1m ; Y5≈236.8m
[DCF] Fair Price = 14.71 (EV 3.80b - Net Debt 1.45b = Equity 2.35b / Shares 159.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -82.11 | EPS CAGR: -38.90% | SUE: -0.79 | # QB: 0
Revenue Correlation: 81.89 | Revenue CAGR: 10.99% | SUE: 0.47 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.20 | Chg30d=-22.74% | Revisions=-50% | Analysts=8
EPS current Year (2026-12-31): EPS=0.50 | Chg30d=-43.97% | Revisions=-70% | GrowthEPS=-24.7% | GrowthRev=-12.1%
EPS next Year (2027-12-31): EPS=2.04 | Chg30d=-14.87% | Revisions=-73% | GrowthEPS=+304.1% | GrowthRev=+11.7%
[Analyst] Revisions Ratio: -80% (up=1, down=21)