Throughout the last three months, 7 analysts have evaluated Noble Corp (NYSE:NE), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $47.0, a high estimate of $64.00, and a low estimate of $38.00. A decline of 11.32% from the prior average price target is evident in the current average.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Nikhil Gupta | Citigroup | Lowers | Buy | $40.00 | $45.00 |
| Charles Minervino | Susquehanna | Lowers | Neutral | $38.00 | $40.00 |
| James West | Evercore ISI Group | Lowers | Outperform | $64.00 | $67.00 |
| Eddie Kim | Barclays | Lowers | Overweight | $48.00 | $54.00 |
| Charles Minervino | Susquehanna | Lowers | Neutral | $40.00 | $47.00 |
| Eddie Kim | Barclays | Lowers | Overweight | $54.00 | $55.00 |
| Nikhil Gupta | Citigroup | Lowers | Buy | $45.00 | $63.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Noble Corp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Noble Corp compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Noble Corp's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Noble Corp's market position. Stay informed and make well-judged decisions with the assistance of 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: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Noble Corp's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 14.78%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Noble Corp's net margin excels beyond industry benchmarks, reaching 7.65%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.41%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Noble Corp's ROA excels beyond industry benchmarks, reaching 0.9%. This signifies efficient management of assets and strong financial health.
Debt Management: Noble Corp's debt-to-equity ratio is below the industry average at 0.42, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
