Noble (NYSE:NE) Issues Quarterly Earnings Results, Misses Estimates By $0.80 EPS

Noble (NYSE:NE) posted its quarterly earnings data on Monday. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.80), Zacks reports. The company had revenue of $728.76 million for the quarter, compared to the consensus estimate of $713.82 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. Noble’s revenue for the quarter was down 8.6% compared to the same quarter last year.

Noble Stock Down 5.5%

Noble stock opened at $45.19 on Wednesday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 136.95 and a beta of 1.00. Noble has a 52 week low of $27.67 and a 52 week high of $54.98. The business’s 50-day moving average price is $44.46 and its 200 day moving average price is $44.13.

Noble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, November 25th. Noble’s dividend payout ratio (DPR) is currently 606.06%.

More Noble News

Here are the key news stories impacting Noble this week:

• Positive Sentiment: Noble declared a quarterly cash dividend of $0.50 per share, or $2.00 annualized, implying a yield of roughly 4.2%. The dividend is payable December 17 to shareholders of record November 25. Noble Corporation Dividend Announcement
• Positive Sentiment: Third-quarter revenue of approximately $728.8 million topped analysts’ expectations of $713.8 million. Investors are also assessing whether recent contract awards and backlog improvements can offset softer near-term revenue. Can Contract Awards Offset Softer Revenue at Noble
• Neutral Sentiment: Management’s earnings-call commentary and outlook remain important for the stock because Noble operates in a cyclical offshore-drilling market. Investors are focused on rig utilization, day rates, contract coverage and the timing of new awards. Noble Q3 2026 Earnings Call Transcript
• Negative Sentiment: Noble reported a $0.57-per-share loss, far below the $0.23-per-share profit analysts expected and worse than the $0.13 loss recorded a year earlier. The result reportedly included an approximately $133 million tax charge, turning an otherwise revenue-beating quarter into a substantial loss. Noble Q3 2026 Earnings
• Negative Sentiment: Revenue declined 8.6% year over year, and Noble adjusted its full-year revenue guidance. The combination of weaker sales, a sharp EPS miss and lower guidance prompted a negative market reaction despite the dividend and revenue beat. Noble Q3 Results and Guidance

Analyst Upgrades and Downgrades

NE has been the topic of several recent research reports. Zacks Research raised Noble from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Citigroup reissued a “neutral” rating on shares of Noble in a research report on Monday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Noble in a research report on Thursday, October 22nd. Fearnley Fonds upgraded Noble from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Barclays dropped their price objective on Noble from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Noble presently has an average rating of “Hold” and a consensus price target of $45.57.

Noble Company Profile

Noble Corporation plc (NYSE: NE) is an offshore drilling contractor that provides drilling services to the global oil and gas industry. The company operates a fleet of offshore drilling units, including drillships, semisubmersible rigs and jackup rigs, which are used to explore for and develop oil and natural gas reserves beneath the seabed.

Noble’s services include contract drilling, well planning, project management and other related support services. Its drilling units are designed to operate in a range of offshore environments, including deepwater and harsh-environment locations.