Noble Corporation

Noble Corporationverified

NE

Price:

$33.86

Market Cap:

$5.66B

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.[Read more]

Industry

Oil & Gas Drilling

IPO Date

2021-06-09

Stock Exchange

NYSE

Ticker

NE

The ROE as of September 2024 (TTM) for Noble Corporation (NE) is 15.30%

According to Noble Corporation’s latest financial reports and current stock price. The company's current ROE is 15.30%. This represents a change of 300.35% compared to the average of 3.82% of the last 4 quarters.

Noble Corporation (NE) Historical ROE (quarterly & annually)

How has NE ROE performed in the past?

The mean historical ROE of Noble Corporation over the last ten years is 125.98%. The current 15.30% ROE has changed -87.86% with respect to the historical average. Over the past ten years (40 quarters), NE's ROE was at its highest in in the December 2020 quarter at 906.50%. The ROE was at its lowest in in the March 2020 quarter at -40.93%.

Quarterly (TTM)
Annual

Average

125.98%

Median

2.41%

Minimum

-20.81%

Maximum

1.28%

Noble Corporation (NE) ROE by Quarter and Year

Discovering the peaks and valleys of Noble Corporation ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 5.67%

Maximum Annual ROE = 1.28%

Minimum Annual Increase = -6772.80%

Minimum Annual ROE = -20.81%

Quarterly (TTM)
Annual
YearROEChange
202312.29%162.38%
20224.68%-80.04%
202123.47%-98.16%
20201.28%-6772.80%
2019-19.15%-7.99%
2018-20.81%112.57%
2017-9.79%-39.35%
2016-16.14%-316.37%
20157.46%5.67%
20140.13%-97.71%

Noble Corporation (NE) Average ROE

How has NE ROE performed in the past?

The current ROE of Noble Corporation (NE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

13.48%

5-year avg

259.79%

10-year avg

125.98%

Noble Corporation (NE) ROE vs. Peers

How is NE’s ROE compared to its peers?

Noble Corporation’s ROE is less than Seadrill Limited (15.77%), less than Borr Drilling Limited (7.70%), less than Patterson-UTI Energy, Inc. (2.62%), greater than Transocean Ltd. (-3.33%), greater than Diamond Offshore Drilling, Inc. (-39.06%), greater than Nabors Industries Ltd. (-48.46%), less than Helmerich & Payne, Inc. (12.38%), less than Precision Drilling Corporation (14.37%), greater than Independence Contract Drilling, Inc. (-32.96%),

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