
NE Stock Forecast & Price Target
NE Analyst Ratings
Bulls say
Noble Corp PLC is poised for growth, with improving visibility for consistent contract opportunities in Norway anticipated for 2025. The market for 7G drillships remains strong, with demand driven by the need for 5-10 rigs to support drilling programs in regions such as Brazil, Suriname, Namibia, and Mozambique. Furthermore, forecasts indicate increased activity for this class of rig in the latter half of 2025 and into 2026, enhancing the company's growth prospects in the offshore drilling sector.
Bears say
Noble Corp PLC is facing a negative outlook due to anticipated soft demand for lower specification 6G floaters, which is expected to result in decreased utilization of these units into the first half of 2025. Additionally, while leading edge day rates for tier-1 drillships are currently robust, they remain constrained within the high $400,000 to low $500,000 range, limiting significant revenue growth. Overall, the combination of lower demand for certain rigs and stagnant day rates suggests challenges for the company's financial performance in the near term.
This aggregate rating is based on analysts' research of Noble Corp PLC and is not a guaranteed prediction by Public.com or investment advice.
NE Analyst Forecast & Price Prediction
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