Financial Contrast: Noble Corporation (NE) versus Ring Energy (REI)
Noble Corporation (NYSE: NE) and Ring Energy (NYSE:REI) are both small-cap oils/energy companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, profitability, analyst recommendations, earnings, valuation and risk.
Valuation & Earnings
This table compares Noble Corporation and Ring Energy’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Noble Corporation||$1.40 billion||0.67||$639.70 million||($7.21)||-0.53|
|Ring Energy||$42.26 million||16.52||$21.77 million||N/A||N/A|
Noble Corporation has higher revenue and earnings than Ring Energy.
This is a summary of recent ratings and price targets for Noble Corporation and Ring Energy, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Noble Corporation presently has a consensus price target of $5.65, indicating a potential upside of 48.36%. Ring Energy has a consensus price target of $18.60, indicating a potential upside of 44.30%. Given Noble Corporation’s higher probable upside, equities analysts clearly believe Noble Corporation is more favorable than Ring Energy.
This table compares Noble Corporation and Ring Energy’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Institutional & Insider Ownership
95.6% of Noble Corporation shares are owned by institutional investors. 1.6% of Noble Corporation shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Ring Energy beats Noble Corporation on 6 of the 11 factors compared between the two stocks.
Noble Corporation Company Profile
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
Ring Energy Company Profile
Ring Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in Midland, Texas.
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