NE Stock - Noble Corporation Plc
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.06B | $2.59B | $1.41B | $847.81M | $964.27M |
| Gross Profit | $836.55M | $743.75M | $305.44M | $-7,327,000 | $-25,532,000 |
| Gross Margin | 27.4% | 28.7% | 21.6% | -0.9% | -2.6% |
| Operating Income | $603.98M | $574.71M | $228.77M | $-75,530,000 | $-137,716,000 |
| Net Income | $448.35M | $481.90M | $168.95M | $352.21M | $-3,978,459,000 |
| Net Margin | 14.7% | 18.6% | 11.9% | 41.5% | -412.6% |
| EPS | $3.01 | $3.48 | $0.88 | $1.84 | $-15.86 |
Noble Corporation, together with its subsidiaries, 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. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 10th 2025 | JP Morgan | Downgrade | Neutral | $33 |
| September 2nd 2025 | Clarksons Platou | Downgrade | Neutral | - |
| July 10th 2025 | Citigroup | Downgrade | Neutral | $32 |
| May 28th 2025 | JP Morgan | Upgrade | Overweight | $30 |
| January 15th 2025 | Evercore ISI | Downgrade | In-line | $41← $64 |
| December 6th 2024 | JP Morgan | Initiation | Neutral | $37 |
| October 15th 2024 | The Benchmark Company | Downgrade | Hold | - |
| December 1st 2023 | Susquehanna | Resumed | Neutral | $52 |
| November 28th 2023 | CapitalOne | Initiation | Overweight | $62 |
| July 5th 2023 | Citigroup | Initiation | Buy | $64 |
| January 19th 2023 | The Benchmark Company | Initiation | Buy | $50 |
| June 1st 2022 | BTIG Research | Upgrade | Buy | $60 |
Earnings History & Surprises
NEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 16, 2026 | $0.14 | — | — | — |
Q4 2025 | Oct 28, 2025 | $0.30 | — | — | — |
Q3 2025 | Aug 5, 2025 | $0.57 | $0.13 | -77.2% | ✗ MISS |
Q2 2025 | Apr 28, 2025 | $0.31 | $0.26 | -16.1% | ✗ MISS |
Q1 2025 | Feb 17, 2025 | $0.69 | $0.56 | -18.8% | ✗ MISS |
Q4 2024 | Nov 5, 2024 | $0.92 | $0.58 | -37.0% | ✗ MISS |
Q3 2024 | Jul 31, 2024 | $0.61 | $0.72 | +18.0% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $0.56 | $0.45 | -19.6% | ✗ MISS |
Q1 2024 | Feb 22, 2024 | $0.56 | $0.39 | -30.4% | ✗ MISS |
Q4 2023 | Oct 31, 2023 | $0.80 | $0.87 | +8.7% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.45 | $0.38 | -15.6% | ✗ MISS |
Q2 2023 | May 3, 2023 | $0.17 | $0.19 | +11.8% | ✓ BEAT |
Q1 2023 | Feb 27, 2023 | $0.54 | $0.41 | -24.1% | ✗ MISS |
Q4 2022 | Nov 2, 2022 | $0.39 | $0.50 | +28.2% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.60 | $0.40 | -33.3% | ✗ MISS |
Q2 2022 | May 2, 2022 | $0.06 | $-0.12 | -300.0% | ✗ MISS |
Q1 2022 | Feb 16, 2022 | $-0.00 | $-0.35 | -7101.6% | ✗ MISS |
Q4 2021 | Nov 4, 2021 | $0.08 | $0.15 | +87.5% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | — | $-0.32 | — | — |
Latest News
Citigroup Maintains Neutral on Noble Corp, Lowers Price Target to $32
➖ NeutralJP Morgan Downgrades Noble Corp to Neutral, Raises Price Target to $33
➖ NeutralBorr Drilling shares are trading higher after the company announced an agreement to acquire five premium jack-up rigs from Noble Corp. for $360 million. The company also announced the pricing of its $84 million public offering of 21 million shares at $4.00 per share.
📈 PositiveNoble Corp To Sell Six Jackups For $424M, Including $360M Deal With Borr Drilling And A Separate Transaction For The Sale Of One Rig To Ocean Oilfield Drilling For $64M In Cash
📈 PositiveCitigroup Maintains Neutral on Noble Corp, Raises Price Target to $34
➖ NeutralBarclays Maintains Overweight on Noble Corp, Raises Price Target to $33
📈 PositiveNoble Corp Narrows FY2025 Sales Guidance from $3.200B-$3.300B to $3.225B-$3.275B vs $3.234B Est
➖ NeutralNoble Corp Q3 Adj. EPS $0.19 Misses $0.30 Estimate, Sales $798.017M Beat $774.988M Estimate
➖ NeutralNoble Corporation, Q2 Holdings, Waystar Holding And Hecla Mining Will Replace Owens & Minor, B&G Food, Jack In The Box And Simulations Plus In The S&P SmallCap 600, Respectively
➖ NeutralNoble Corp. rallies after amassing more than $2B backlog boost in Q1
📈 PositiveNoble Non-GAAP EPS of $0.26 misses by $0.09, revenue of $874M beats by $10.54M
➖ NeutralFrequently Asked Questions about NE
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