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How to buy Noble Corporation stock in Canada | $26.24

Own Noble Corporation shares in just a few minutes.

Noble Corporation
NYSE: NE - USD
OIL & GAS DRILLING
$26.57
+ $0.33 ( + 1.26%)

Noble Corporation is an oil & gas drilling business based in the US. Noble Corporation shares (NE) are listed on the NYSE and all prices are listed in US Dollars. Noble Corporation employs 1,500 staff and has a trailing 12-month revenue of around USD$780.3 million.

How to buy shares in Noble Corporation

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – NE – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy Noble Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted Noble Corporation's stock price?

Since the stock market crash in March caused by coronavirus, Noble Corporation's stock price has had significant positive movement.

Its last market close was $26.24, which is 96.87% up on its pre-crash value of $0.8202 and 13,020.00% up on the lowest point reached during the March crash when the stocks fell as low as $0.2.

If you had bought $1,000 worth of Noble Corporation stocks at the start of February 2020, those stocks would have been worth $417.42 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $33,701.61.

Noble Corporation stock price

Use our graph to track the performance of NE stocks over time.

Noble Corporation shares at a glance

Information last updated 2021-10-17.
Latest market close$26.24
52-week range$20.34 - $29.06
50-day moving average $26.82
200-day moving average $24.45
Wall St. target price$32.00
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-15.06

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Noble Corporation price performance over time

Historical closes compared with the close of $26.24 from 2021-10-21

1 week (2021-10-15) -1.54%
1 month (2021-09-23) 0.34%
3 months (2021-07-23) 20.87%
6 months (2021-04-19) N/A
1 year (2020-10-19) N/A
2 years (2019-10-19) N/A
3 years (2018-10-19) N/A
5 years (2016-10-19) N/A

Is Noble Corporation under- or over-valued?

Valuing Noble Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Noble Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Noble Corporation's EBITDA

Noble Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $96.3 million.

The EBITDA is a measure of a Noble Corporation's overall financial performance and is widely used to measure a its profitability.

Noble Corporation financials

Revenue TTM $780.3 million
Gross profit TTM $341.7 million
Return on assets TTM -2.24%
Return on equity TTM -132.96%
Profit margin 0%
Book value $23.04
Market capitalisation $1.6 billion

TTM: trailing 12 months

Shorting Noble Corporation shares

There are currently 1.5 million Noble Corporation shares held short by investors – that's known as Noble Corporation's "short interest". This figure is 24% up from 1.2 million last month.

There are a few different ways that this level of interest in shorting Noble Corporation shares can be evaluated.

Noble Corporation's "short interest ratio" (SIR)

Noble Corporation's "short interest ratio" (SIR) is the quantity of Noble Corporation shares currently shorted divided by the average quantity of Noble Corporation shares traded daily (recently around 469197.74193548). Noble Corporation's SIR currently stands at 3.1. In other words for every 100,000 Noble Corporation shares traded daily on the market, roughly 3100 shares are currently held short.

However Noble Corporation's short interest can also be evaluated against the total number of Noble Corporation shares, or, against the total number of tradable Noble Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Noble Corporation's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Noble Corporation shares in existence, roughly 20 shares are currently held short) or 0.0282% of the tradable shares (for every 100,000 tradable Noble Corporation shares, roughly 28 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Noble Corporation.

Noble Corporation share dividends

We're not expecting Noble Corporation to pay a dividend over the next 12 months.

Noble Corporation share price volatility

Over the last 12 months, Noble Corporation's shares have ranged in value from as little as $20.34 up to $29.06. A popular way to gauge a stock's volatility is its "beta".

NE.US volatility(beta: 1.64)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Noble Corporation's is 1.6382. This would suggest that Noble Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Noble Corporation overview

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 June 04, 2021, it operated a fleet of 24 offshore drilling units, which include 12 drillships and semisubmersibles, and 12 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas. .

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