Professional
Added to YB: 2025-07-17
Pitch date: 2025-07-11
NE [bullish]
Noble Corporation plc
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
$4.6B
Pitch Price
N/A
Price Target
N/A
Dividend
6.97%
Sector
Energy Equipment and Services
Category
growth
Show full summary:
Patient Capital Management New Position: Noble Corporation plc
NE (new position): Leading offshore driller in attractive market as land production slows. Industry consolidated to 4 players, rig supply constrained with 50% scrapped. 2025 guidance backed by contracted backlog. Cost discipline driving margin expansion & FCF. 7% dividend + 8% buyback = 100% FCF return. Well-positioned for consolidation.
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