Noble Corporation (NE) AI Stock Analysis

Noble Corporation plc is an offshore drilling contractor serving the global oil and gas industry. The company delivers contract drilling services through a fleet of 19 mobile offshore drilling units, which includes 11 floaters and eight jackups. These units provide drilling solutions across diverse offshore environments, utilizing advanced technology to support exploration and production activities. Founded in 1921 and based in Altrincham, the United Kingdom, Noble employs 4,500 people and focuses on operational excellence and safety for energy clients worldwide.

Revenue expanded from $847.8M in FY2021 to $3.29B in FY2025, representing a 5-year revenue CAGR of 27.8%. Net income reached $216.7M in FY2025 with an operating margin of 15.7% and a gross margin of 19.7%, down from 22.8% and 27.4% respectively in FY2024. For the trailing twelve months, revenue was $2.88B with an operating margin of 10.7% and net margin of 5.2%. In the latest quarter ended June 30, 2026, quarterly revenue fell 16.3% year-over-year, while quarterly earnings grew 11.9% compared to the prior year period.

As of June 30, 2026, Noble held $456.2M in cash and short-term investments against total debt of $1.89B, resulting in net debt of $1.43B. Shareholders' equity stood at $4.48B alongside total assets of $7.24B, yielding a debt-to-equity ratio of 0.42 and a current ratio of 1.91. During FY2025, operating cash flow reached $951.7M. Capital allocation in FY2025 included $519.5M in capital expenditures, $320.4M in dividends paid, and $20.0M deployed toward share buybacks.

Noble Corporation carries a market capitalization of $7.04B and an enterprise value of $8.56B. The stock trades at a trailing P/E of 46.9x and a forward P/E of 21.0x, above the median of its US-listed Energy peers of 15.0x trailing and 12.7x forward. Its enterprise value to EBITDA ratio is 9.2x versus the peer median of 8.0x, with a price-to-sales ratio of 2.4x against 1.8x. Over the past year, NE returned 68.3%, outperforming the S&P 500 SPY return of 16.8%.

Noble pays an annual forward dividend of $2.00 per share, distributed on a quarterly frequency, representing a dividend yield of 4.54%. The company has paid dividends for 4 consecutive years and records a payout ratio of 3.6%. Its last ex-dividend date was September 3, 2026.

Wall Street coverage includes 4 Strong Buy, 1 Buy, and 6 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target of $48.55 implies a 10.1% upside from the last close of $44.08. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $0.50 on revenue of $2.89B. Next fiscal year estimates project EPS of $2.04 on $3.20B in revenue. The company beat EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for October 26, 2026.

This page is an AI-written research summary of Noble Corporation (NE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NE income statement, NE balance sheet, NE key metrics, NE analyst forecast, NE chart. See the NE stock overview for the latest quote and news.