Noble Corp (NE)

Driller with long term contracts with national oil companies.

paid out a dividend of $0.05

rock solid company with roic at 22, 10 yr growth sales 17%, eps 32%, equity 14%, and fcf 27%.

FC

Oil and gas are likely to be in an upward price trend in the future, and this company should take in a lot of the upside from that. Also, it has decent growth and great value. I would prefer it if this were not an oil company (profits aside, pollution is bad), this is a mid-long term winner.

Noble is a steady, proven offshore company whose stock should rise substantially as energy supplies continue to tighten and offshore drilling demand rises. Noble operates a fleet of 62 offshore rigs that drill for oil and natural gas globally and most of its customers have exceptionally deep pockets; about 60% of its customer base is national oil companies. Also, Noble’s management team is top notch, delivering some of the best returns on capital and operating margins while also keeping the company in excellent shape fiscally. This stock would be a welcome addition to the foundation of any portfolio; minimal risk, excellent market and industry outlook, combined with substantial growth potential. What’s not to like? My recommendation is “buy”.

Right around it's 52 week high, yet it's p/e is still around 7, EPS growth of 16% year over year. still a growing company with a low P/E.

Reuters Rating: Outperform
S&P Rating: 5-STARS
Dividend: >0

One of the strongest in Oil service company currently. Well position and can benefit when the oil industry bounce back.

Noble is a large oil and gas driller that is one of the current picks at the WallStreetBean.com, which is a website operated by Toolboy2. The company should enjoy robust prospects for the next decade. Current profitability is robust and the balance sheet is clean. The company has $680mm in cash, which is almost equal to its total longterm debt. Thus, it is fair to view the company as debt free. Despite these positive facts, Noble is selling for just 1.6 times book value, which is substantially below its historical valuations. Trailing p/e is 6.2 and p/e based on 2010 estimates is 7.

Coz the drills aligned :)

Super Low P/E Petroleum Exploration/Drilling Services Company,
in a world still so addicted to the Life-Blood of A Global Economy,
despite all the "hot air" by lying politicians of energy independence.

This Offshore Drilling Company will Rocket as will Israel & Petro.

5 Star, Small Cap- pays dividend

Fair Value: $45

Noble Corp. is an old-line oil and gas driller with a long history of quality management and strong capital disciplines. The company operates in shallow and deeper water - and notably, NE avoided the Gulf of Mexico region where jack up day rates are under particular pressure given slack shallow-water rig capacity due to lower demand and new rig supply.

We are attracted to Noble for its exceptional balance sheet strength and attendant financial flexibility which could allow management to capitalize on unstable conditions in the energy market by way of acquisitions, etc. However, the company sees ample opportunity for organic growth - but has made clear its intention to return cash to shareholders if such opportunities don't fully materialize. In fact, share buybacks and steady-state cap-ex accounted for only 50% of 2008’s depressed cash flow. Debt represents only 12% of capital - and the company has indicated it would be comfortable operating at debt levels in the mid-20%s should the company need to deploy additional capital. The company has done an excellent job of containing costs and has been able to translate improved overall day rates into continued attractive operating margins.

This is a long-term (disciplined asset) growth and re-valuation story. NE has underperformed its peer group leaving it trading at a very attractive relative valuation. Our initial fair value of $45 represents a conservative 3.5 times sales (Street target prices range to $60); and the stock now sports V-ROE and V-ROC ratios of 4.8 and 3.3, respectively. Insiders own 1.9% of the stock which is not inconsiderable considering NE’s $9.0B market cap. We enthusiastically rate this stock BUY and expect to be raising our FV in the near future as earnings visibility reflects improved commodity pricing.

1/19 in Oil & Gas Drilling -(78.0 @ B/A+)

Oil Demand Going Up

This is one of the larger drillers in the country and as I am bullish on the sector, I think this compnay with its outstanding financial position will be able to bennifit from the coming drilliing growth even more than the industry as a whole

SAFE $50 PICK

$46.00 target price