Added to YB: 2026-04-15
Pitch date: 2026-04-08
NE [neutral]
Noble Corporation plc
-7.65%
current return
Author Info
No bio for this author
Company Info
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide.
Market Cap
$7.5B
Pitch Price
$50.49
Price Target
N/A
Dividend
4.28%
EV/EBITDA
8.19
P/E
34.64
EV/Sales
2.94
Sector
Energy Equipment and Services
Category
turnaround
Patient Opportunity Equity Strategy Portfolio Holding: Noble Corporation plc
NE (holding update): Leading offshore driller in ultra-deepwater/harsh environments; +75.8% Q1 on Middle East conflict driving energy prices. Industry consolidation to 3 major players, ~50% deepwater rigs scrapped, minimal capex = constrained supply for years. Contract rates normalizing upward as offshore role grows in global energy security. Returning substantial FCF via dividends + buybacks.
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