Noble Corporation (NE)
NYSEEnergyOil & Gas DrillingSnapshot 2026-10-29
NYSEEnergyOil & Gas DrillingSnapshot 2026-10-29
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Put NE beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Energy is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Avoid revenue decline worse than -10% next year: Comparison needs review.
View ThesisMiddle-of-the-pack quality for its industry.
View QualityManagement screens weak on earnings delivery, margins, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 2% a day.
View RiskNoble’s backlog and fleet utilization case depends on more contracted capacity, yet recent financial performance is weak. Its Q3 2026 result missed, with non-GAAP EPS of -0.57 against consensus of 0.2. NE trades at 3× sales versus a 2× peer median, despite its 5× historical multiple. The price reflects less growth than our forecast, leaving the backlog case less demanding. Our model puts the next-quarter miss probability near 61%. The Q3 loss and contract-transition disruption also challenge execution of 2026 guidance. Peer multiples imply a price about 35% below where it trades. The thesis is on watch; this read is provisional.
Trailing returns as of 2026-10-30. NE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 13 analysts currently covering NE (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NE Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 4 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Energy (broad) — fair value, gap to price, and forward P/E.
Compare the value case
Put NE next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Maintain and grow contract backlog and fleet utilization
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Higher contracted capacity and $6.7B backlog support backlog and utilization objectives.

Threatens: Execute full-year 2026 financial and capital expenditure guidance
Wider quarterly loss and contract-transition disruption raise execution concerns against 2026 guidance.

Sales beat but stock drop raises guidance concerns.
Advances: Maintain contract backlog and secure new contracts
Upgrade indicates positive outlook on contract backlog growth.
Advances: Maintain contract backlog and secure new contracts
New contract secures backlog, aligns with growth objective.

Advances: Maintain contract backlog and secure new contracts
Large contract extension enhances backlog, supports growth.