Noble Corporation PLC's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 29 out of 97 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 33.10.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Noble Corporation PLC's Score
Industry at a Glance
Industry Ranking
29 / 97
Overall Ranking
115 / 4521
Industry
Oil & Gas Related Equipment and Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
Noble Corporation PLC Highlights
StrengthsRisks
Noble Corporation plc is an offshore drilling contractor for the oil and gas industry. The Company performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. The Company principally conducts its contract drilling operations in Africa, Far East Asia, the Middle East, the North Sea, Oceania, South America, and the US Gulf. Its customers consist primarily of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world. It provides contract drilling services under an individual contract on a dayrate basis. Its fleet consists of various types of mobile offshore drilling units, such as floaters and jackups. Its fleet of approximately 40 drilling rigs consists of 27 floaters and 13 jackups. Its fleet includes Noble Faye Kozack, Noble Venturer, and Noble Viking.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 118.99% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 2.92B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 62.07%.
Fairly Valued
The company’s latest PB is 1.37, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 136.48M shares, decreasing 7.42% quarter-over-quarter.
Noble Corporation plc is an offshore drilling contractor for the oil and gas industry. The Company performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. The Company principally conducts its contract drilling operations in Africa, Far East Asia, the Middle East, the North Sea, Oceania, South America, and the US Gulf. Its customers consist primarily of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world. It provides contract drilling services under an individual contract on a dayrate basis. Its fleet consists of various types of mobile offshore drilling units, such as floaters and jackups. Its fleet of approximately 40 drilling rigs consists of 27 floaters and 13 jackups. Its fleet includes Noble Faye Kozack, Noble Venturer, and Noble Viking.