Noble Corporation PLC (NYSE:NE) Stock Has Average Price Target of $45.29

Shares of Noble Corporation PLC (NYSE:NE) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $45.29.

Several analysts have recently commented on the company. Wall Street Zen cut Noble from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Fearnley Fonds raised Noble from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Barclays decreased their price objective on Noble from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Susquehanna upped their target price on Noble from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Noble in a report on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB acquired a new position in Noble during the third quarter valued at approximately $40,000. Versant Capital Management Inc raised its position in shares of Noble by 44.4% in the second quarter. Versant Capital Management Inc now owns 1,243 shares of the company’s stock valued at $46,000 after purchasing an additional 382 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Noble in the second quarter worth $118,000. Parallel Advisors LLC lifted its stake in shares of Noble by 43.7% in the first quarter. Parallel Advisors LLC now owns 2,693 shares of the company’s stock worth $132,000 after buying an additional 819 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Noble by 20.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,080 shares of the company’s stock worth $151,000 after buying an additional 521 shares during the last quarter. 68.14% of the stock is owned by institutional investors.

Key Headlines Impacting Noble

Here are the key news stories impacting Noble this week:

• Positive Sentiment: Third-quarter revenue totaled approximately $728.8 million, exceeding analyst expectations of about $713.8 million. The company also announced a dividend, providing some support for the stock. Noble Swings to Q3 Loss, Revenue Falls; Adjusts Full-Year Revenue Guidance, Announces Dividend
• Positive Sentiment: The revenue beat and the tax-related nature of much of the earnings weakness may lead investors to view the quarter as less damaging to Noble’s underlying operations than the headline loss suggests. Noble Q3 2026 Earnings
• Neutral Sentiment: Management adjusted its full-year revenue guidance, although the available report does not specify the size or direction of the revision. Investors will likely focus on the updated outlook and management’s commentary on rig demand and day rates. Noble Corp Misses Q3 EPS by 81 Cents; Offers Outlook
• Negative Sentiment: Noble reported a third-quarter loss of $0.57 per share, missing the $0.23 consensus estimate by $0.80 and worsening from a loss of $0.13 per share in the prior-year quarter. Revenue also declined 8.6% year over year. Noble Corporation Reports Q3 Loss, Tops Revenue Estimates
• Negative Sentiment: The large tax bill materially reduced reported profitability, while the earnings miss and reduced revenue compared with last year raise concerns about near-term operating momentum. Noble Corporation Reports Third-Quarter and Nine-Month Earnings

Noble Stock Performance

NE opened at $48.02 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $44.41 and its 200-day moving average is $43.96. The stock has a market cap of $7.67 billion, a PE ratio of 51.63 and a beta of 1.00. Noble has a twelve month low of $27.67 and a twelve month high of $54.98.

Noble (NYSE:NE) last released its earnings results on Monday, October 26th. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.80). Noble had a return on equity of 1.93% and a net margin of 4.88%. The firm had revenue of $728.76 million during the quarter, compared to analyst estimates of $713.82 million. During the same quarter last year, the company earned ($0.13) earnings per share. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that Noble will post 0.47 earnings per share for the current year.

Noble Company Profile

Noble Corporation plc (NYSE: NE) is an offshore drilling contractor that provides drilling services to the global oil and gas industry. The company operates a fleet of offshore drilling units, including drillships, semisubmersible rigs and jackup rigs, which are used to explore for and develop oil and natural gas reserves beneath the seabed.

Noble’s services include contract drilling, well planning, project management and other related support services. Its drilling units are designed to operate in a range of offshore environments, including deepwater and harsh-environment locations.