Financial Contrast: Noble (NE) and Its Peers

Noble (NYSE: NE) is one of 25 public companies in the “Drilling oil & gas wells” industry, but how does it contrast to its peers? We will compare Noble to similar companies based on the strength of its institutional ownership, valuation, risk, analyst recommendations, earnings, dividends and profitability.

Risk & Volatility

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Noble has a beta of 2.2, suggesting that its stock price is 120% more volatile than the S&P 500. Comparatively, Noble’s peers have a beta of 1.82, suggesting that their average stock price is 82% more volatile than the S&P 500.

Insider & Institutional Ownership

87.7% of Noble shares are owned by institutional investors. Comparatively, 67.1% of shares of all “Drilling oil & gas wells” companies are owned by institutional investors. 1.0% of Noble shares are owned by company insiders. Comparatively, 4.0% of shares of all “Drilling oil & gas wells” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Noble and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Noble -41.76% -4.61% -2.55%
Noble Competitors -24.58% -12.66% -3.91%

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Noble and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Noble 5 10 3 0 1.89
Noble Competitors 629 1839 1569 53 2.26

Noble currently has a consensus price target of $4.64, suggesting a potential upside of 25.00%. As a group, “Drilling oil & gas wells” companies have a potential upside of 13.45%. Given Noble’s higher possible upside, research analysts clearly believe Noble is more favorable than its peers.

Earnings & Valuation

This table compares Noble and its peers top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Noble $1.24 billion -$516.51 million -3.25
Noble Competitors $1.22 billion -$263.96 million -23.93

Noble has higher revenue, but lower earnings than its peers. Noble is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Summary

Noble beats its peers on 7 of the 13 factors compared.

About Noble

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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