Why is NE down?
Down 16% from Oct 30 to Nov 10.
- Oil and gas stocks fell together from Oct 30 to Nov 10, a median 15% across 87 stocks.
Down 16% from Oct 30 to Nov 10.
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| Holding it back | Sales down 13% on the year |
| Latest filing | 8-K, Nov 4 |
2 big stories on NE in the past 12 months, for Pro members.
Wed Nov 25: Ex-dividend, $0.50 a shareAt the open. Pays Dec 17.
After its last 4 reports it closed -2.4% on average, higher 1 of 4 times.
Below Averagefor quality, not price, 2 of 14 chart checks firingWhat the Quality Score means
NE is #36 of 88 by Quality Score.
| Rank | Stock | Quality Score |
|---|---|---|
| 1 | ||
| 2 | ||
| 3 | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| 36 |
Net income over four quarters: NE $53.7M, VAL $798M, RIG $292M, SDRL -$18.0M.
Expected to report Wed Feb 10, after the close (in 92 days).
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
Sales of $729.0M; a loss of $0.73 a share.
| Line | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Oil and Gas Service | $684M | $679M | $757M |
Each quarter's sales and their share of its total. Figures as filed (SEC filing, Oct 27)
| Measure | Figure |
|---|---|
| Revenue | $2.85B to $2.90B |
“We continue to build backlog that supports an expected meaningful inflection in fleet utilization and cash flow starting H2 2027, with already approximately 20% more contracted capacity in our fleet in H2 2027 compared to H1 2027.”
From its results filing (SEC filing · Oct 26)
Sales grew 28% a year over 5 years, fiscal 2020 to 2025.
Pays $2.00 a share a year.
| Reported | Gap | Reaction | 5 days |
|---|---|---|---|
| Oct 26, 2026 | -7.3% | -5.4% | -4.9% |
| Jul 27, 2026 | -6.6% | -9.1% | -6.2% |
| Apr 27, 2026 | +5.0% | +8.2% | +2.0% |
Sales grew every year from 2022 to 2025, to $3.3B. It made a profit in four of the five years.
RSI 41.8, MACD below signal, below both averages. Not scored.
2 insiders sold $2.5M across 4 filings in the last 6 months. No open-market buys on record. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: NE is under 0.1% of VYM and under 0.1% of VTI, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Jul 31, 2026.
Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and on deploying its drilling rigs in oil and gas basins around the world. The mobile offshore drilling units comprising the offshore rig fleet operate in international markets for contract drilling services and are often redeployed to different regions due to changing customer demand, which consists mainly of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world.
“The offshore contract drilling industry is a highly competitive and cyclical business.”
NE scores 5 today, which Breakaway calls Below Average. It is #36 of 88 in Oil & Gas by Quality Score, with 2 of 14 chart checks firing. Down 16% from Oct 30 to Nov 10. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
NE scores 5 today, which Breakaway calls Below Average (0 to 5). That is #36 of 88 in Oil & Gas by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind NE's 5.
2 insiders sold $2.5M across 4 filings in the last 6 months. No open-market buys on record. The newest is Robert W. Eifler, President & CEO, who sold $1.5M on Jun 15. Every filing, with the scored weight, for Pro members.
Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.
Insider and Congress trades, the chart, and the financials, in one score.
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