Noble Corporation(NE) Stock Research - Grey Stern Research
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Noble Corporation (NE) Stock Analysis

$32.93 (0.55%)

NE Financial Performance


Use the table below to view Noble Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $32.93 -
52 Week Low $31.00 -
52 Week High $52.16 -
Market Cap $5.3 Billion 1/8
Gross Margin 29% 4/8
Profit Margin 16% 1/8
EBITDA margin 22% 5/8
Q3 - 2024 Revenue $800.5 Million 3/8
Q3 - 2024 Earnings $124.4 Million 1/8
Q3 - 2024 Free Cash Flow -$408.3 Million 7/8
Trailing 4 Quarters Revenue $2.8 Billion 4/8
Trailing 4 Quarters Earnings $564.6 Million 1/8
Quarterly Earnings Growth -21% 5/8
Annual Earnings Growth 256% 2/8
Quarterly Revenue Growth 15% 4/8
Annual Revenue Growth 297% 1/8
Cash On Hand $391.9 Million 3/8
Short Term Debt $0 6/8
Long Term Debt $2.0 Billion 3/8

Noble Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Noble Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 9.35 4/8
PS 1.90 1/8
PB 1.13 2/8
PC 13.48 4/8
Liabilities to Equity 0.72 7/8
ROA 0.07 1/8
ROE 0.12 1/8
Current Ratio 2.40 2/8
Quick Ratio 0.12 2/8
Long Term Debt to Equity 0.42 7/8
Debt to Equity 0.42 7/8
Burn Rate -8.67 7/8
Cash to Cap 0.07 5/8
CCR -3.28 6/8
EV to EBITDA 38.65 1/8
EV to Revenue 2.48 3/8

Company Details

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.

CEO:

Website: https://www.noblecorp.com

Address: 13135 Dairy Ashford Sugar Land, TX

Exchange: New York Stock Exchange

Industry: Oil & Gas Drilling

Noble Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Noble Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Nabors Industries Ltd. NBR $666.8 Million
Patterson-UTI Energy, Inc. PTEN $3.2 Billion
Transocean Ltd. RIG $3.7 Billion
Helmerich & Payne, Inc. HP $3.4 Billion
Precision Drilling Corporation PDS $862.0 Million
Independence Contract Drilling, Inc. ICD $8.9 Million
Borr Drilling Limited BORR $866.6 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
NE Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 800.5 Million $124.4 Million
Q2 2024 $ 692.8 Million $195.0 Million
Q1 2024 $ 637.1 Million $95.5 Million
Q4 2023 $ 643.0 Million $149.7 Million
Q3 2023 $ 697.5 Million $158.3 Million
Q2 2023 $ 639,000 $66,000
Q1 2023 $ 610.1 Million $108.1 Million
Q4 2022 $ 622.6 Million $135.0 Million

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NE Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $391.9 Million $8.0 Billion $2.0 Billion $4.7 Billion
Q2 2024 $168.5 Million $5.6 Billion $622.1 Million $4.0 Billion
Q1 2024 $217.0 Million $5.4 Billion $586.6 Million $3.9 Billion
Q4 2023 $360.8 Million $5.5 Billion $586.2 Million $3.9 Billion
Q3 2023 $244.8 Million $5.3 Billion $585.8 Million $3.8 Billion
Q2 2023 $476.2 Million $5.2 Billion $745.1 Million $3.7 Billion
Q1 2023 $186.2 Million $5.1 Billion $520.7 Million $3.7 Billion
Q4 2022 $476.2 Million $5.2 Billion $672.8 Million $3.6 Billion

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NE Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 -$408.3 Million -$434.7 Million $188.5 Million
Q2 2024 -$34.9 Million -$141.7 Million -$48.5 Million
Q1 2024 -$37.9 Million -$166.6 Million -$150.8 Million
Q4 2023 $216.6 Million $0 $216.6 Million
Q3 2023 $276.3 Million $0 $276.3 Million
Q2 2023 $87.9 Million $0 $87.9 Million
Q1 2023 -$125.8 Million -$62.7 Million -$296.3 Million
Q4 2022 $106.1 Million -$65.1 Million $58.6 Million

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