Added to YB: 2025-04-15
Pitch date: 2025-02-25
NE [bullish]
Noble Corporation plc
+81.39%
current return
Author Info
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Company Info
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide.
Market Cap
$7.3B
Pitch Price
$25.00
Price Target
65.00 (+43%)
Dividend
4.36%
EV/EBITDA
8.05
P/E
33.94
EV/Sales
2.88
Sector
Energy Equipment and Services
Category
dividend
Show full summary:
Noble Corporation plc - $NE
NE: 2nd largest drillship fleet, clean balance sheet. 10-20% FCF yield 2025-26, 20%+ 2027+. 7.5% dividend. 150% upside at 6x FY27E EBITDA of $2B. Trades at 20% of asset replacement cost. Risks: oil price, supply boom. Target $65 in 3 years. Industry consolidation, strong demand, limited supply support thesis.
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