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Home โบ Stocks โบ Noble Corporation plc (NE) Stock Forecast & Price Prediction United States | NYSE | Energy | Oil & Gas Drilling
$28.54
+0.14 (0.49%)Did NE Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Noble Corp is one of their latest high-conviction picks.
Based on our analysis of 15 Wall Street analysts, NE has a bullish consensus with a median price target of $31.00 (ranging from $25.00 to $40.00). The overall analyst rating is Strong Buy (8.4/10). Currently trading at $28.54, the median forecast implies a 8.6% upside. This outlook is supported by 8 Buy, 3 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Nikhil Gupta at Citigroup, projecting a 40.2% upside. Conversely, the most conservative target is provided by Charles Minervino at Susquehanna, suggesting a 12.4% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NE.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jul 1, 2025 | Susquehanna | Charles Minervino | Neutral | Maintains | $30.00 |
Jun 18, 2025 | Citigroup | Scott Gruber | Buy | Maintains | $35.00 |
May 28, 2025 | JP Morgan | Arun Jayaram | Overweight | Upgrade | $30.00 |
May 5, 2025 | BTIG | Greg Lewis | Buy | Maintains | $30.00 |
Apr 30, 2025 | Susquehanna | Charles Minervino | Neutral | Maintains | $25.00 |
Apr 14, 2025 | Susquehanna | Charles Minervino | Neutral | Maintains | $22.00 |
Apr 7, 2025 | Barclays | Eddie Kim | Overweight | Maintains | $29.00 |
Mar 19, 2025 | Citigroup | Scott Gruber | Buy | Maintains | $34.00 |
Feb 25, 2025 | Barclays | Eddie Kim | Overweight | Maintains | $39.00 |
Jan 15, 2025 | Evercore ISI Group | James West | In-Line | Downgrade | $41.00 |
Dec 18, 2024 | Barclays | Eddie Kim | Overweight | Maintains | $42.00 |
Dec 6, 2024 | JP Morgan | Arun Jayaram | Neutral | Initiates | $37.00 |
Nov 27, 2024 | Citigroup | Nikhil Gupta | Buy | Maintains | $40.00 |
Nov 7, 2024 | Susquehanna | Charles Minervino | Neutral | Maintains | $38.00 |
Nov 7, 2024 | Evercore ISI Group | James West | Outperform | Maintains | $64.00 |
Oct 23, 2024 | Barclays | Eddie Kim | Overweight | Maintains | $48.00 |
Oct 15, 2024 | Benchmark | Kurt Hallead | Hold | Downgrade | $0.00 |
Oct 11, 2024 | Susquehanna | Charles Minervino | Neutral | Maintains | $40.00 |
Sep 20, 2024 | Barclays | Eddie Kim | Overweight | Maintains | $54.00 |
Sep 12, 2024 | Citigroup | Nikhil Gupta | Buy | Maintains | $45.00 |
The following stocks are similar to Noble Corp based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Noble Corporation plc has a market capitalization of $4.51B with a P/E ratio of 9.6x. The company generates $3.14B in trailing twelve-month revenue with a 14.7% profit margin.
Revenue growth is +35.9% quarter-over-quarter, while maintaining an operating margin of +24.3% and return on equity of +10.8%.
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Provides offshore drilling services for energy producers.
Noble Corporation operates a fleet of advanced mobile offshore drilling units, including drillships, semi-submersibles, and jack-up rigs. The company generates revenue by offering drilling services to oil and gas companies, facilitating the exploration and extraction of underwater energy resources in both shallow and deepwater settings.
Founded in 1921 and headquartered in London, Noble Corporation is well-established in the offshore drilling sector, particularly active in key regions such as the Gulf of Mexico, North Sea, and offshore Brazil. The company emphasizes safety, efficiency, and environmental stewardship while continuously innovating to adapt to the industry's evolving needs.
Energy
Oil & Gas Drilling
5,000
Mr. Robert W. Eifler
United States
1990
NE has started drilling at the Malampaya-Camago field to enhance energy production in the Philippines and decrease dependence on imports.
Increased energy output from the Malampaya-Camago field could enhance local energy security, reduce import costs, and potentially improve the profitability of energy companies in the Philippines.
J Mintzmyer highlights that global tensions and trade wars impact shipping rates. While geopolitical issues currently support rates, long-term factors like trade deals are more significant for the industry.
Geopolitical tensions can boost shipping rates short-term, but lasting impacts on the industry depend on macroeconomic factors and trade agreements, affecting long-term investment strategies.
CEOs believe in a multi-year upward cycle. Noble maintains strict capital discipline, a strong balance sheet, and effectively returns free cash flow to shareholders.
Positive outlook from industry CEOs signals growth potential, while Noble's financial discipline and robust cash flow enhance shareholder value, making it an attractive investment opportunity.
On Friday, Noble's shares yielded over 8% based on a quarterly dividend of $2, trading as low as $24.60, highlighting the significance of dividends in total market returns.
Noble's dividend yield exceeding 8% indicates strong income potential, suggesting the stock may attract income-focused investors, impacting its demand and price stability.
Noble Corporation plc will hold its Q1 2025 earnings conference call on April 29, 2025, at 9:00 AM ET. Participants include executives and analysts from various financial institutions.
The earnings call provides key insights into Noble Corporation's financial performance and future outlook, influencing investor sentiment and stock valuation.
Noble Corporation plc reported $173 million in Q1 free cash flow, covering its 9.5% dividend yield. New contracts worth $2.2 billion boost backlog to $7.5 billion, enhancing its outlook.
Noble Corporation's strong Q1 free cash flow and new contracts enhance its financial stability and growth outlook, making it a potentially attractive investment despite past share underperformance.
Based on our analysis of 15 Wall Street analysts, Noble Corporation plc (NE) has a median price target of $31.00. The highest price target is $40.00 and the lowest is $25.00.
According to current analyst ratings, NE has 8 Buy ratings, 3 Hold ratings, and 0 Sell ratings. The stock is currently trading at $28.54. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NE stock could reach $31.00 in the next 12 months. This represents a 8.6% increase from the current price of $28.54. Please note that this is a projection by Wall Street analysts and not a guarantee.
Noble Corporation operates a fleet of advanced mobile offshore drilling units, including drillships, semi-submersibles, and jack-up rigs. The company generates revenue by offering drilling services to oil and gas companies, facilitating the exploration and extraction of underwater energy resources in both shallow and deepwater settings.
The highest price target for NE is $40.00 from Nikhil Gupta at Citigroup, which represents a 40.2% increase from the current price of $28.54.
The lowest price target for NE is $25.00 from Charles Minervino at Susquehanna, which represents a -12.4% decrease from the current price of $28.54.
The overall analyst consensus for NE is bullish. Out of 15 Wall Street analysts, 8 rate it as Buy, 3 as Hold, and 0 as Sell, with a median price target of $31.00.
Stock price projections, including those for Noble Corporation plc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.