Noble (NYSE:NE) Shares Gap Down Following Weak Earnings

Posted by on Jul 28th, 2026

Noble Corporation PLC (NYSE:NE – Get Free Report)’s stock price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $43.11, but opened at $40.25. Noble shares last traded at $40.6050, with a volume of 301,597 shares.

The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The company had revenue of $719.69 million during the quarter, compared to the consensus estimate of $697.98 million. Noble had a net margin of 7.17% and a return on equity of 2.32%. The company’s revenue was down 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS.

Noble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Noble’s payout ratio is 139.86%.

Analyst Ratings Changes

NE has been the subject of a number of analyst reports. Barclays dropped their price objective on Noble from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Weiss Ratings downgraded shares of Noble from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Evercore set a $59.00 price target on shares of Noble in a report on Monday, April 27th. Susquehanna dropped their price target on shares of Noble from $55.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Noble from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.12.

Get Our Latest Stock Analysis on Noble

Insider Activity at Noble

In other news, SVP Joey M. Kawaja sold 40,000 shares of Noble stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $49.85, for a total value of $1,994,000.00. Following the sale, the senior vice president directly owned 40,071 shares in the company, valued at approximately $1,997,539.35. This trade represents a 49.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eifler sold 50,000 shares of Noble stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $45.51, for a total value of $2,275,500.00. Following the completion of the sale, the chief executive officer owned 1,193,828 shares in the company, valued at approximately $54,331,112.28. This represents a 4.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 128,210 shares of company stock worth $6,176,251 over the last 90 days. 1.50% of the stock is owned by insiders.

Institutional Trading of Noble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hara Capital LLC bought a new stake in Noble in the fourth quarter valued at $4,902,000. Natixis Advisors LLC bought a new position in Noble in the 3rd quarter worth $3,935,000. Hosking Partners LLP raised its holdings in Noble by 10.0% in the 4th quarter. Hosking Partners LLP now owns 1,140,328 shares of the company’s stock worth $32,203,000 after purchasing an additional 103,477 shares in the last quarter. Sagefield Capital LP lifted its position in shares of Noble by 40.0% in the 4th quarter. Sagefield Capital LP now owns 182,844 shares of the company’s stock worth $5,164,000 after purchasing an additional 52,261 shares during the period. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Noble during the 4th quarter valued at about $1,109,000. Hedge funds and other institutional investors own 68.14% of the company’s stock.

Noble Price Performance

The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $43.62 and its two-hundred day moving average price is $44.08. The stock has a market cap of $6.45 billion, a P/E ratio of 28.25 and a beta of 0.92.

About Noble

(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.

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