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NE

Noble Corporation Plc

NE

NYSE·Energy·Oil & Gas Drilling·Mkt cap $5.9B

$37.99

+2.45%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$25.24 - $54.98

P/E

26.57

Fwd P/E

34.58

Beta

0.90

Div Yield

5.39%

Avg Vol

1.6M

Shares Out

159.5M

Mkt Cap

$5.9B

Price action

Price chart

Up 31.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Established fleet of modern and capable offshore drilling units with operational flexibility
  • Over 100 years of industry experience and technical expertise in complex drilling operations
  • Long-term customer relationships with major integrated oil and gas companies
  • Significant barriers to entry due to high capital requirements and regulatory compliance

Bear Case

2 risks

  • Average volatility.
  • Significant premium - growth priced in

Growth

Mild headwinds expected

Rising global energy demand and increased offshore exploration activity

Value

Significant premium - growth priced in

Momentum

Falling

-25.6% over 3m

Quality

Stable

Strong fundamentals

Dividend

High yield

5.39% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 26, 2026

Reported EPS of $0.26 vs $0.21 consensus (+23.8% surprise). Revenue of $785.7M vs $730.5M expected (+7.6%). Beat on both top and bottom lines.

EPS beat +23.8%
Rev beat +7.6%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+23.8%

Next: Apr 27, 2026

Revenue trend · last 8Q

+44%

+37%

+22%

-0%

-18%

-10%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$692.8M

$800.5M

$927.3M

$874.5M

$848.7M

$798.0M

$764.4M

$785.7M

Margins · last 8Q

Gross

38.9%

Operating

28.7%

Profit

15.4%

Wall Street consensus

6 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

33%

Hold

4

67%

Sell

0%

Median Price Target

$59.00

+55.3% vs $37.99

Low $50.00
Median $59.00
High $59.00

Latest: Barclays · May 7, 2026

2 analysts covering

vs Industry

How NE stacks vs Oil & Gas Drilling

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.