NE Stock Summary and Trading Ideas (Noble PLC A | NYSE:NE)

Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.

Noble PLC A trades on the NYSE stock market under the symbol NE.

As of December 11, 2024, NE stock price climbed to $32.65 with 1,265,850 million shares trading.

NE has a beta of 1.13, meaning it tends to be more sensitive to market movements. NE has a correlation of 0.16 to the broad based SPY ETF.

NE has a market cap of $5.24 billion. This is considered a Mid Cap stock.

Last quarter Noble PLC A reported $801 million in Revenue and $.58 earnings per share. This beat revenue expectation by $51 million and missed earnings estimates by -$.22.

In the last 3 years, NE traded as high as $55.34 and as low as $22.01.

The top ETF exchange traded funds that NE belongs to (by Net Assets): VTI, IWM, VB, VXF, OIH.

NE has underperformed the market in the last year with a price return of -19.0% while the SPY ETF gained +33.5%. NE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.6% and -1.3%, respectively, while the SPY returned +11.0% and +1.1%, respectively.

NE support price is $31.82 and resistance is $33.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NE shares will trade within this expected range on the day.