Noble Corp. (NE) Analysis

By | March 22, 2007

Noble Corp (NE) is a leading off-shore drilling company and is expected to earn $1.2 billion, or $8.98 this year. Its valuation is at a 10-year low. The company announced to buy back 15.3 million shares, or 11% of the outstanding stock. There is tremendous upside potential with strong support on the downside. The reward/risk ratio is huge, meaning high rewards for low risk. Take a look at the fundamentals, analysts’ opinions, company news, and third party research reports.

Fundamentals:
VALUATION MEASURES (from Yahoo Finance)

Market Cap (intraday): 10.82B
Enterprise Value (22-Mar-07): 11.22B
Trailing P/E (ttm, intraday): 15.11
Forward P/E (fye 31-Dec-08): 6.44
PEG Ratio (5 yr expected): 0.18
Price/Sales (ttm): 5.04
Price/Book (mrq): 3.28
Enterprise Value/Revenue (ttm): 5.34
Enterprise Value/EBITDA (ttm): 9.376

News and Opinions:

FBR: Our Favorite Stock Is Noble

Noble Signs 2-Year Pact With Marathon

Correction Bargains

Noble: A Smart Drill Bet

Noble OKs buyback of additional 10 mln shares

Research Reports:

NE – Company Research Highlights (pdf)

NE – Compustat Company Research (pdf)

NE – First Call Earnings Valuation Report (pdf)

NE – Standard & Poor’s (pdf)

NE – Thomson Financial (pdf)

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