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NENoble Corporation Plc
$44.62$7.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NE logo

Noble Corporation Plc

NE
NYSE · Oil & Gas Drilling
$44.62
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$7.12B
P/E33.1x
52W High$54.98
Volume747.78K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fleet Expansion Masks Cyclical Downturn Risks

Noble Corporation's investment case hinges on its high-specification fleet expansion and the Diamond Offshore acquisition, which have elevated PP&E to $7.0B and driven a 28.4% CapEx/Revenue ratio in Q2 2026. However, the company faces a sharp cyclical downturn...

GrowthDecelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

NE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

+57% Peers

P/E is 57% above peer median

03

Market leadership

RS 67 · Avg

Average momentum (RS Rating: 67)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 27
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has declined for four consecutive quarters to $719.7M in Q2 2026 (down 15.2% YoY), with gross margin compressing to 38.0% and operating income falling 72% sequentially to $63.4M, reflecting cost pressures and the Brazil suspension.

Analyst Consensus+13.6% target
Hold(51 analysts)
16 Buy22 Hold13 Sell

The Bull Case

Upside Catalysts

Strong financial performance

Noble Corporation reported higher net income of US$120.73 million in Q1 2026 despite lower revenue, indicating improved profitability.

Offshore drilling leadership

Noble operates a modern, versatile, and technically advanced offshore drilling fleet, positioning it as a leader in the industry.

LNG-driven demand growth

The bullish thesis on Noble is supported by growing demand for LNG, which drives the need for offshore drilling services.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NE+59.03%
S&P 500 (^GSPC)+12.39%
1-Year Return
NE+64.73%
S&P 500 (^GSPC)+15.77%
3-Year Return
NE-0.86%
S&P 500 (^GSPC)+74.98%
5-Year Return
NE+95.49%
S&P 500 (^GSPC)+71.73%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
33.1x
Forward P/E
75.1x
EV/EBITDA40th %ile
7.8x
FCF YieldCash Flow
6.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
33.1x
14.5x
80th· High
EV/EBITDA
7.8x
7.9x
40th· Fair
Price/FCF
16.5x
59.4x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$44.03-1.3%
Base (Fair)$72.61+64.1%
Bull$118.34+165.2%
$44.03 Bear$72.61 Base$118.34 Bull
Current Market Price: $44.62
Trades at a 38.5% discount to Base DCF ($72.61)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.29B+7.4% YoY
Net income
$217M-51.7% YoY
Free cash flow
$432M+439.1% YoY
Operating margin
15.7%-7.1 pts YoY
ROIC (TTM)6.2%
Avg ROIC 5Y-
ROE (TTM)4.7%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 27, 2026
$0.01-93.5%
vs $0.15
$720M+3.1%
vs $698M
Q2 2026
Apr 26, 2026
$0.26+23.8%
vs $0.21
$786M+7.6%
vs $730M
Q1 2026
Feb 11, 2026
$0.09-40.0%
vs $0.15
$764M+4.6%
vs $731M
Q4 2025
Oct 27, 2025
$0.19-26.1%
vs $0.26
$798M+8.4%
vs $736M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
TheNewswire·Sep 17, 2026
Noble Mineral Exploration to Acquire Lucas Gold Project from Canada Nickel Company

Toronto, Ontario – September 17 , 2026 – TheNewswire - Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF ) is pleased to announce that it has entered into a  Purchase Agreement to acquire the Lucas Gold Project from Canada Nickel Company Inc. (“ CNC ”). Noble has previously announced the entering into a letter of intent with CNC in its news release issued on July 13, 2026. Transaction Structure

GlobeNewsWire·Sep 16, 2026
CBAK Energy to Present at Noble Capital Markets' Emerging Growth Virtual Equity Conference on October 1, 2026

DALIAN, China, Sept. 16, 2026 (GLOBE NEWSWIRE) -- CBAK Energy Technology Limited (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a leading China-based lithium-ion battery manufacturer and energy solutions provider, today announced that its Chief Financial Officer, Jiewei Li, will present at the October 2026 Emerging Growth Virtual Equity Conference, hosted by Noble Capital Markets, on October 1, 2026.

TheNewswire·Sep 15, 2026
Noble Closing Purchase of North Bradshaw Property

TORONTO – TheNewswire - September 15, 2026 – Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce that having received approval of the TSX Venture Exchange, it is proceeding with the closing under its previously announced agreement to acquire the North Bradshaw Property. The terms of that purchase are set out in the Company's news release of August 4, 2026.

Newsfile Corp·Sep 1, 2026
Noble Plains Uranium Geophysical Survey Identifies Deeper Fort Union Target at Duck Creek

Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) ("Noble Plains" or the "Company"), a U.S.-focused uranium exploration and development company, is pleased to report preliminary results from an induced polarization ("IP") geophysical survey completed at its flagship Duck Creek Property in Converse County, Wyoming. The survey was conducted by the University of Wyoming Near-Surface Geophysics Instrument Center ("UWNSG") and was designed to test whether IP could detect both the shallow uranium mineralization already defined in the Wasatch Formation and, more importantly, deeper targets in the underlying Fort Union Formation.

Filtered for Noble Corporation PlcMore Headlines
04

Compare before deciding

Benchmark NE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Noble Corporation Plc (NE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NE logoNENoble Corporation PlcCurrent
$44.62$7.12B33.057.45%6.6%4.71%4.48%
VAL logoVALValaris Limited
$82.57$5.72B5.960.27%43.95%31.32%—
RIG logoRIGTransocean Ltd.
$5.47$5.56B-1.8012.51%-40.24%-20.24%—
SDRL logoSDRLSeadrill Limited
$46.43$2.9B-37.443.75%0.07%0.03%—
HP logoHPHelmerich & Payne, Inc.
$39.56$3.95B-23.8335.89%-3.44%-5.08%—
NBR logoNBRNabors Industries Ltd.
$83.02$1.23B4.848.69%6.52%14.25%—

Compare NE vs Peers

Noble Corporation Plc (NE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VAL

Most directly comparable listed peer for NE.

Scale Benchmark

vs XOM

Larger-name benchmark to compare NE against a more recognizable public peer.

Peer Set

Compare Top 5

vs VAL, RIG, SDRL, HP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NE SEC Filings & Documents

Noble Corporation Plc (NE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 27, 2026·SEC

Material company update

Jun 12, 2026·SEC

Material company update

Jun 1, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 19, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 27, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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NE Frequently Asked Questions

Noble Corporation Plc (NE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Noble Corporation Plc's revenue?

Noble Corporation Plc (NE) reported $3.07B in revenue for fiscal year 2025. This represents a 211% increase from $986.4M in 2002.

How fast is Noble Corporation Plc growing?

Noble Corporation Plc (NE) grew revenue by 7.4% over the past year. This is steady growth.

Is NE profitable?

Yes, Noble Corporation Plc (NE) is profitable, generating $149.6M in net income for fiscal year 2025 (6.6% net margin).

Dividend & Returns
Does NE pay dividends?

Yes, Noble Corporation Plc (NE) pays a dividend with a yield of 4.48%. This makes it attractive for income-focused investors.

What is NE's return on equity?

Noble Corporation Plc (NE) has a return on equity (ROE) of 4.7%. This is below average, suggesting room for improvement.

What is Noble Corporation Plc's free cash flow?

Noble Corporation Plc (NE) generated $283.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NE back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →