Noble Corporation stock analysis
Noble Corporation (85V1) Stock Price & Analysis
85V1 Stock Chart & Stats
- Day’s Range
- EUR 38.00 - EUR 38.00
- 52-Week Range
- EUR 23.40 - EUR 46.05
- Previous Close
- EUR 37.60
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 6.32B
- Enterprise Value
- EUR 8.22B
- Total Cash (Recent Filing)
- EUR 337.19M
- Total Debt (Recent Filing)
- EUR 1.91B
- Price to Earnings (P/E)
- 124.7
- Beta
- 0.46
- Next Earnings
- Feb 17, 2027 (Est.)
- EPS Estimate
- 0.01
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.56%
Bulls Say, Bears Say
Bulls Say
Backlog And Contract Coverage
A $6.7 billion backlog provides meaningful forward revenue visibility and reduces reliance on immediate contract wins. The planned 2027 conversion, alongside stronger second-half coverage, supports utilization and earnings visibility over the next several quarters.
Deepwater Market Position
Noble’s exposure to a highly contracted ultra-deepwater market supports fleet utilization and pricing power for high-specification rigs. Tight industry capacity can improve contract economics and reinforce the value of Noble’s premium drilling assets.
Balance Sheet Resilience
Manageable leverage and substantial equity provide financial resilience for a cyclical drilling contractor. This balance-sheet position preserves flexibility to fund required fleet investments, navigate uneven activity, and participate in a market recovery without excessive debt strain.
Bears Say
Profitability And Revenue Weakness
The recent revenue slowdown and sharp margin compression indicate that earnings have weakened materially despite still-positive operating profitability. Lower returns reduce internal funding capacity and make future results more sensitive to utilization, contract timing, and operating costs.
Weak Free Cash Flow
Thin and volatile free cash flow limits the cash retained after operating and investment needs. The sharp decline suggests that elevated reinvestment or working-capital demands are absorbing operating cash, reducing flexibility for dividends, debt reduction, or additional growth spending.
Uncovered Rig Capacity
Uncovered rigs create a durable utilization risk because idle assets generate less revenue while still requiring maintenance and readiness spending. Delayed reactivation timelines could weigh on fleet-wide margins and prevent Noble from fully benefiting from stronger contracted deepwater pricing.
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Noble Corporation Stock Smart Score
Company Description
Noble Corporation
Operating globally through its subsidiaries, Noble Corporation Plc functions as an offshore drilling contractor for the oil and gas sector. The company delivers essential contract drilling services, leveraging its diverse fleet of mobile offshore units. As of February 16, 2022, this fleet comprised 20 offshore drilling units, specifically consisting of 12 floaters and 8 jackups. Established in 1921, Noble Corporation, formerly known as Noble Holding Corporation plc, maintains its headquarters in Sugar Land, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- CEO
- Robert W. Eifler
- Employees
- 4,500
- Website
- www.noblecorp.com
- Address
- 2101 City West Boulevard, Houston, TX, 77042, US
Noble Corporation (85V1) Earnings & Revenues
85V1 Company Deck
85V1 Earnings Call
Earnings Call SentimentPositive
The call was broadly positive. Noble reported a $6.7 billion backlog, approximately $560 million of recent awards, 99% contracted utilization across marketed ultra-deepwater rigs, improving day rates, stronger Norwegian jackup coverage, and materially higher contracted capacity for the second half of 2027. These positives outweighed the sequential Adjusted EBITDA decline, negative free cash flow, higher capital expenditure guidance, delayed contract starts, remaining open rig capacity, and the lack of a commodity-price-driven demand response.
View all DE:85V1 earnings summaries85V1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 5 | 10 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 4 | 0 | 8 |










