Noble (NYSE:NE) Posts Quarterly Earnings Results, Misses Estimates By $0.80 EPS

Noble (NYSE:NE) announced its quarterly earnings results on Monday. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.80), Zacks reports. Noble had a net margin of 4.88% and a return on equity of 1.93%. The firm had revenue of $728.76 million during the quarter, compared to analyst estimates of $713.82 million. During the same period last year, the firm earned ($0.13) EPS. Noble’s quarterly revenue was down 8.6% on a year-over-year basis.

Noble Trading Up 0.7%

NE opened at $48.02 on Tuesday. The stock has a market capitalization of $7.67 billion, a P/E ratio of 51.63 and a beta of 1.00. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. Noble has a 12 month low of $27.67 and a 12 month high of $54.98. The firm’s fifty day simple moving average is $44.41 and its 200 day simple moving average is $43.96.

Noble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Wednesday, November 25th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, November 25th. Noble’s payout ratio is currently 215.05%.

More Noble News

Here are the key news stories impacting Noble this week:

• Positive Sentiment: Noble declared an interim cash dividend for the fourth quarter of 2026, payable December 17. The dividend supports shareholder returns and signals continued confidence in the company’s cash position. Noble Corporation declares fourth-quarter 2026 dividend
• Neutral Sentiment: Third-quarter revenue was $728.76 million, above the roughly $713.82 million analyst consensus, but revenue declined 8.6% from the prior year. The revenue beat indicates relatively resilient operating activity, although weakening year-over-year sales remain a concern. Noble reports third-quarter loss and revenue beat
• 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 $0.13 loss in the year-earlier quarter. Coverage attributed much of the shortfall to a $133 million tax bill, which turned the revenue beat into a deep loss. Noble third-quarter earnings and tax bill
• Negative Sentiment: The company adjusted its full-year revenue guidance while reporting the quarterly loss. Guidance changes, declining revenue and the sizable earnings miss increase uncertainty about Noble’s near-term operating outlook. Noble adjusts revenue guidance and announces dividend

Analysts Set New Price Targets

Several research analysts have weighed in on NE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Noble in a report on Thursday. Barclays lowered their price target on Noble from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Zacks Research raised Noble from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Citigroup reaffirmed a “neutral” rating on shares of Noble in a research report on Monday, September 7th. Finally, Wall Street Zen cut Noble from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.29.

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.