Susquehanna Issues Positive Forecast for Noble (NYSE:NE) Stock Price

Noble (NYSE:NE) had its target price upped by stock analysts at Susquehanna from $44.00 to $46.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna‘s price objective suggests a potential upside of 1.79% from the stock’s current price.

A number of other equities analysts have also weighed in on NE. Barclays dropped their price objective on Noble from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Zacks Research upgraded Noble from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Wall Street Zen downgraded Noble from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Fearnley Fonds raised Noble from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Noble in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.57.

Noble Stock Performance

NE opened at $45.19 on Wednesday. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 136.95 and a beta of 1.00. The firm’s fifty day moving average is $44.46 and its 200 day moving average is $44.13. Noble has a fifty-two week low of $27.67 and a fifty-two week high of $54.98.

Noble (NYSE:NE) last issued its quarterly earnings results on Monday, October 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.80). The business had revenue of $728.76 million during the quarter, compared to analyst estimates of $713.82 million. During the same period in the previous year, the firm earned ($0.13) EPS. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts predict that Noble will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NE. Avidian Wealth Enterprises LLC bought a new stake in shares of Noble in the third quarter worth about $55,802,000. Bank of America Corp DE increased its stake in Noble by 101.9% in the 2nd quarter. Bank of America Corp DE now owns 1,347,291 shares of the company’s stock worth $50,254,000 after acquiring an additional 679,981 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Noble by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 13,957,162 shares of the company’s stock worth $520,602,000 after acquiring an additional 395,316 shares during the last quarter. State Street Corp boosted its position in shares of Noble by 4.1% during the 2nd quarter. State Street Corp now owns 5,428,507 shares of the company’s stock valued at $202,483,000 after acquiring an additional 215,799 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Noble during the 2nd quarter valued at approximately $1,481,000. Hedge funds and other institutional investors own 68.14% of the company’s stock.

Key Headlines Impacting Noble

Here are the key news stories impacting Noble this week:

• Positive Sentiment: Noble declared a quarterly cash dividend of $0.50 per share, or $2.00 annualized, implying a yield of roughly 4.2%. The dividend is payable December 17 to shareholders of record November 25. Noble Corporation Dividend Announcement
• Positive Sentiment: Third-quarter revenue of approximately $728.8 million topped analysts’ expectations of $713.8 million. Investors are also assessing whether recent contract awards and backlog improvements can offset softer near-term revenue. Can Contract Awards Offset Softer Revenue at Noble
• Neutral Sentiment: Management’s earnings-call commentary and outlook remain important for the stock because Noble operates in a cyclical offshore-drilling market. Investors are focused on rig utilization, day rates, contract coverage and the timing of new awards. Noble Q3 2026 Earnings Call Transcript
• Negative Sentiment: Noble reported a $0.57-per-share loss, far below the $0.23-per-share profit analysts expected and worse than the $0.13 loss recorded a year earlier. The result reportedly included an approximately $133 million tax charge, turning an otherwise revenue-beating quarter into a substantial loss. Noble Q3 2026 Earnings
• Negative Sentiment: Revenue declined 8.6% year over year, and Noble adjusted its full-year revenue guidance. The combination of weaker sales, a sharp EPS miss and lower guidance prompted a negative market reaction despite the dividend and revenue beat. Noble Q3 Results and Guidance

Noble Company Profile

Noble Corporation plc (NYSE: NE) is an offshore drilling contractor that provides drilling services to the global oil and gas industry. The company operates a fleet of offshore drilling units, including drillships, semisubmersible rigs and jackup rigs, which are used to explore for and develop oil and natural gas reserves beneath the seabed.

Noble’s services include contract drilling, well planning, project management and other related support services. Its drilling units are designed to operate in a range of offshore environments, including deepwater and harsh-environment locations.