Demystifying Noble Corp: Insights From 5 Analyst Reviews


During the last three months, 5 analysts shared their evaluations of Noble Corp NE, revealing diverse outlooks from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 2 3 0 0
Last 30D 0 0 1 0 0
1M Ago 0 0 1 0 0
2M Ago 0 0 0 0 0
3M Ago 0 2 1 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $52.8, a high estimate of $61.00, and a low estimate of $44.00. Highlighting a 2.94% decrease, the current average has fallen from the previous average price target of $54.40.

Exploring Analyst Ratings: An In-Depth Overview

The standing of Noble Corp among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Charles Minervino Susquehanna Lowers Neutral $49.00 $51.00
Charles Minervino Susquehanna Raises Neutral $51.00 $44.00
Eddie Kim Barclays Lowers Overweight $59.00 $61.00
Charles Minervino Susquehanna Lowers Neutral $44.00 $52.00
David Anderson Barclays Lowers Overweight $61.00 $64.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Noble Corp. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Noble Corp compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Noble Corp's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Noble Corp analyst ratings.

Discovering Noble Corp: A Closer Look

Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.

Understanding the Numbers: Noble Corp's Finances

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: Noble Corp's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -0.92%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.

Net Margin: Noble Corp's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.99%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Noble Corp's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.44% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Noble Corp's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.75% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Noble Corp's debt-to-equity ratio is below the industry average. With a ratio of 0.15, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

What Are Analyst Ratings?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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