Noble (NYSE:NE) Price Target Lowered to $40.00 at Susquehanna

Posted by Francis Steltz on Jul 8th, 2026

Noble (NYSE:NE – Get Free Report) had its price target reduced by equities research analysts at Susquehanna from $55.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 4.32% from the company’s current price.

Other analysts have also recently issued reports about the company. Barclays raised Noble from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $50.00 to $56.00 in a research report on Thursday, May 7th. Wall Street Zen raised Noble from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup lowered their price objective on shares of Noble from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Evercore set a $59.00 price objective on shares of Noble in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Noble from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.25.

Check Out Our Latest Analysis on NE

Noble Stock Up 2.5%

Shares of NYSE:NE opened at $38.34 on Wednesday. Noble has a 1-year low of $25.24 and a 1-year high of $54.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap of $6.12 billion, a P/E ratio of 26.81 and a beta of 0.92. The firm has a fifty day moving average price of $46.36 and a 200 day moving average price of $42.80.

Noble (NYSE:NE – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Noble had a net margin of 7.17% and a return on equity of 2.32%. The company had revenue of $785.69 million for the quarter, compared to analyst estimates of $730.47 million. During the same period in the previous year, the business posted $0.26 earnings per share. Noble’s quarterly revenue was down 10.1% on a year-over-year basis. Sell-side analysts predict that Noble will post 0.94 EPS for the current year.

Insider Activity at Noble

In other Noble news, Director Charles M. Sledge sold 724 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $51.61, for a total value of $37,365.64. Following the completion of the transaction, the director directly owned 1,360 shares of the company’s stock, valued at approximately $70,189.60. This trade represents a 34.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Eifler sold 50,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $45.51, for a total transaction of $2,275,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,193,828 shares of the company’s stock, valued at approximately $54,331,112.28. This trade represents a 4.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 143,550 shares of company stock worth $6,985,436. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Noble

A number of institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in Noble by 44.4% during the second quarter. Versant Capital Management Inc now owns 1,243 shares of the company’s stock worth $46,000 after purchasing an additional 382 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Noble by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,440 shares of the company’s stock worth $41,000 after buying an additional 630 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Noble by 819.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,601 shares of the company’s stock worth $69,000 after buying an additional 2,318 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Noble by 43.7% in the 1st quarter. Parallel Advisors LLC now owns 2,693 shares of the company’s stock worth $132,000 after buying an additional 819 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Noble in the 1st quarter valued at about $218,000. Institutional investors and hedge funds own 68.14% of the company’s stock.

Noble Company Profile

(Get Free Report)

Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.

Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.