NE - Noble Corporation plc

NYSE - NYSE Delayed Price. Currency in USD
1.2600
-0.0400 (-3.08%)
At close: 4:01PM EST

1.2600 0.00 (0.00%)
After hours: 4:16PM EST

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Trade prices are not sourced from all markets
Previous Close1.3000
Open1.2700
Bid1.2500 x 21500
Ask1.2600 x 28000
Day's Range1.2500 - 1.3400
52 Week Range0.9900 - 4.7500
Volume3,344,962
Avg. Volume5,202,021
Market Cap313.992M
Beta (3Y Monthly)2.50
PE Ratio (TTM)N/A
EPS (TTM)-2.8220
Earnings DateOct 30, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-07-28
1y Target Est2.38
  • Brazil's Oil Flop Is a Warning for Majors and Aramco
    Bloomberg

    Brazil's Oil Flop Is a Warning for Majors and Aramco

    (Bloomberg Opinion) -- Royal Dutch Shell Plc made a big investment in offshore energy this week — wind energy, that is. The very next day, Brazil announced the results of a more traditional energy auction in the waters off its coast. They were not good.The country’s biggest-ever sale of oil deposits flopped on Wednesday morning. Only two out of four blocks were sold, and only one of those involved foreign bidders, with China’s CNOOC Ltd. and China National Oil and Gas Exploration and Development Co. taking all of 10% of the Buzios field. Petroleo Brasileiro SA took the other 90% and all of the Itapu block. Western oil majors, such as Shell or Exxon Mobil Corp., were nowhere to be seen.Offshore oil investment was all the rage among Big Oil during the supercycle, with capital expenditure almost quadrupling in the decade up to 2014. That is the problem. The majors poured money into large, multi-year projects prone to delays and, because of their often bespoke engineering, spiraling budgets. The result: tumbling return on capital and an inability to dial back investment quickly when the oil crash hit in 2014. Roughly 3,000 new offshore projects sanctioned between 2010 and 2014 have either barely generated any value for oil companies or are expected to generate none at all, according to a recent study published by Rystad Energy, a consultancy:More recent investments score better, mostly because the boom tailed off, with offshore capex falling by more than half between 2014 and 2018. That took the heat out of industry inflation; and, because of the bonfire of returns in the prior decade, oil majors got smarter about such things as standardizing offshore equipment design to cut costs and shorten schedules. The pace of new projects has picked up again after the slump. Exxon, for example, has effectively opened up an entire new offshore zone with its Guyanese fields.Still, one look at the stock prices of oilfield services firms, especially offshore-focused types such as Transocean Ltd. and Noble Corp. Plc, tells you this investment wave is nothing like the tsunami of yesteryear. Bad memories combined with unease about both near- and long-term oil demand make bold bets on big, multi-year offshore projects a tough sell with investors more interested in payouts. Even Exxon’s success in Guyana gets overshadowed by the fact that the company’s capex bill leaves it borrowing to pay its dividend. And Exxon, like Chevron Corp. and other majors, has swung more of its spending toward shorter-cycle onshore fracking in North America.Brazil’s brush-off is an ominous sign the investment discipline demanded by energy investors is choking off one of the world’s biggest sources of oil-supply growth. In its latest World Oil Outlook published this week, OPEC cited Brazil as being second only to the U.S. in terms of medium-term growth, and number one in terms of projected long-term non-OPEC growth. Bob Brackett, an analyst at Sanford C. Bernstein, published a report a couple of weeks ago pondering if global offshore oil supply would peak next year, perhaps for good.The implications are profound. There is a wide range of views on when global oil demand will slow or peak altogether. If it is later than sometime next decade, then the decline in offshore production that will inevitably follow a mass exodus from this part of the business could stoke another upcycle in prices. The Brazil auction suggests, however, that such possibilities play second fiddle to expectations on the part of many investors that oil has entered its twilight years.Such results are ominous for offshore services providers, of course, and for the countries involved. Brazil’s currency slumped Wednesday morning as the market digested the lack of foreign capital targeting the country’s choicest oil resources.Another country that should take note is Saudi Arabia. Like Brazil, it’s trying to tempt foreign buyers to pay up for a piece of its black gold. On the same morning, reports emerged that Saudi Arabian Oil Co. is seeking commitments from Chinese state-owned entities to invest in its IPO. Such strategic buyers do provide cash. But as Brazil could tell Aramco, turning to them also says a lot about the broader appetite for what you’re selling.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Noble Corp (NE) Q3 Earnings and Revenues Beat Estimates
    Zacks

    Noble Corp (NE) Q3 Earnings and Revenues Beat Estimates

    An increase in total rig fleet utilization aids Noble Corp (NE) in Q3 earnings.

  • Thomson Reuters StreetEvents

    Edited Transcript of NE earnings conference call or presentation 31-Oct-19 1:00pm GMT

    Q3 2019 Noble Corporation PLC Earnings Call

  • Is Noble Corporation plc (NE) Is Burning These Hedge Funds
    Insider Monkey

    Is Noble Corporation plc (NE) Is Burning These Hedge Funds

    Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]

  • Noble Corp. (NE) Reports Q3 Loss, Tops Revenue Estimates
    Zacks

    Noble Corp. (NE) Reports Q3 Loss, Tops Revenue Estimates

    Noble Corp. (NE) delivered earnings and revenue surprises of 13.21% and 5.45%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Noble Corp. stock rises after narrower quarterly loss

    Shares of Noble Corp. Plc. rose nearly 7% in the extended session Wednesday after the offshore drilling contractor reported a narrower-than-expected adjusted quarterly loss and revenue came above expectations. Noble said it lost $445 million, or $1.79 a share, in the third quarter, compared with a loss of $82 million, or 33 cents a share, in the year-ago quarter. Adjusted for a non-cash charge related to one of its drillships, Noble lost $114 million, or 46 cents a share, compared with a loss of 43 cents a share a year ago. Revenue fell to $276 million from $279 million. Analysts polled by FactSet had expected Noble to lose an adjusted 53 cents a share on sales of $261 million.

  • PR Newswire

    Noble Corporation plc Reports Third Quarter 2019 Results

    HIGHLIGHTS AND RECENT DEVELOPMENTS: - Contract extensions for three jackups improve days under contract in 2020 - Noble Joe Knight commences operations offshore Middle East - Advanced discussions with ...

  • Noble Corp. (NE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
    Zacks

    Noble Corp. (NE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    Noble Corp. (NE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • RPC (RES) to Post Q3 Earnings: Disappointment in the Cards?
    Zacks

    RPC (RES) to Post Q3 Earnings: Disappointment in the Cards?

    RPC's (RES) third-quarter 2019 performance is expected to have been influenced by slowdown of demand for pressure pumping services in U.S. shale plays.

  • PR Newswire

    Noble Corporation plc Provides Fleet Contract Status Update

    LONDON , Oct. 17, 2019 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of October 17, 2019 . The report, ...

  • Factors to Know Ahead of Schlumberger's (SLB) Q3 Earnings
    Zacks

    Factors to Know Ahead of Schlumberger's (SLB) Q3 Earnings

    Schlumberger's (SLB) Reservoir Characterization and Production segments are expected to have generated lower earnings than the year-ago period.

  • Is a Beat Likely for Kinder Morgan (KMI) in Q3 Earnings?
    Zacks

    Is a Beat Likely for Kinder Morgan (KMI) in Q3 Earnings?

    Kinder Morgan's (KMI) third-quarter 2019 results are likely to get a boost from strong demand for natural gas transportation assets.

  • PR Newswire

    Noble Corporation plc To Announce Third Quarter 2019 Results

    LONDON, Oct. 2, 2019 /PRNewswire/ -- October 2, 2019 – Noble Corporation plc (NE) today announced it plans to report financial results for the third quarter 2019 on Wednesday, October 30, 2019, after the close of trading on the New York Stock Exchange. Copies of the Company's press release will be available on the Noble Website at www.noblecorp.com. Interested parties are invited to listen to the call by dialing 1-833-245-9653, or internationally 1-647-689-4225, using access code: 6469144, or by asking for the Noble Corporation plc conference call.

  • The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris
    Zacks

    The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris

    The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris

  • 5 Reasons Offshore Drilling Stocks are Poised for a Rebound
    Zacks

    5 Reasons Offshore Drilling Stocks are Poised for a Rebound

    It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through.

  • The Zacks Analyst Blog Highlights: Diamond Offshore, Noble, Helmerich & Payne, Independence Contract and Transocean
    Zacks

    The Zacks Analyst Blog Highlights: Diamond Offshore, Noble, Helmerich & Payne, Independence Contract and Transocean

    The Zacks Analyst Blog Highlights: Diamond Offshore, Noble, Helmerich & Payne, Independence Contract and Transocean

  • Drilling Industry Continues to Suffer: Is Relief in Sight?
    Zacks

    Drilling Industry Continues to Suffer: Is Relief in Sight?

    Low oil price, conservative upstream capital budget and regulatory hurdles can keep affecting the drilling industry. However, cost reduction and efficiency gains can aid the industry.

  • Barrons.com

    Oil Drillers Look Too Risky Because of Their Heavy Debt, Analyst Says

    Oil producers have gotten progressively more efficient at pulling oil from the ground with fewer rigs. On Monday, Citi analyst JB Lowe, who just took over coverage of the stocks, downgraded shares of two offshore drillers, Noble (NE) and (VAL) (VAL), to Sell because of problematic debt loads. “While offshore activity has improved, our analysis shows that drillers would need significant incremental pricing and activity improvement to address debt loads before becoming attractive investments,” Lowe wrote.

  • ExxonMobil Strikes Oil Offshore Guyana for the 14th Time
    Zacks

    ExxonMobil Strikes Oil Offshore Guyana for the 14th Time

    ExxonMobil's (XOM) Tripletail-1 well, which is drilled at a depth of 2,003 meters of water, is located about five kilometers northeast of the Longtail discovery.

  • PR Newswire

    Noble Corporation plc Announces Departure Of Chief Financial Officer

    LONDON, Sept. 13, 2019 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, the Company) today announced that Adam C. Peakes, Senior Vice President and Chief Financial Officer resigned effective September 9, 2019.  A search for Mr. Peakes' replacement has begun.  In the interim, Mr. Peakes' direct reports, including those individuals responsible for the Company's Treasury and Financial Reporting activities, will report directly to Julie J. Robertson, Chairman, President and Chief Executive Officer of Noble Corporation plc.

  • Health Check: How Prudently Does Noble (NYSE:NE) Use Debt?
    Simply Wall St.

    Health Check: How Prudently Does Noble (NYSE:NE) Use Debt?

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • PR Newswire

    Noble Corporation plc To Present At The Pareto Securities Oil & Offshore Conference

    LONDON , Sept. 4, 2019 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced that Julie J. Robertson , Chairman, President and Chief Executive Officer, will present at the Pareto Securities ...

  • Why Is Noble Corp. (NE) Down 21.2% Since Last Earnings Report?
    Zacks

    Why Is Noble Corp. (NE) Down 21.2% Since Last Earnings Report?

    Noble Corp. (NE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • PR Newswire

    Noble Corporation plc To Participate At The Barclays CEO Energy-Power Conference

    LONDON , Aug. 28, 2019 /PRNewswire/ -- Noble Corporation plc (NYSE:NE) today announced that Julie J. Robertson , Chairman, President and Chief Executive Officer, will participate in an industry discussion ...