+ Watch NE
on My Watchlist
The Company is a provider of diversified services for the oil and gas industry.
Noble is a good pick as a healthy dividend stock that will also prove to be a growth opportunity. Currently, they post a P/E of 9 (below the 15 for the industry) that shows me there is room for price to grow. In addition to other low measures, I fully expect the dividend to drive this growth. Currently, NE pays a dividend just under 5%, but has grown that dividend over the past 5 years, something the industry as a whole cannot boast. Their current payout ratio is a modest 25% which also shows me there is plenty of room for continued dividend growth. My other favorite parts of NE include continued growth in sales (in an industry with negative growth) as well as ROA and ROE well over the average.
long standing solid citizen with a nice div yld
This market segment is highly cyclical, and we have entered the high investment phase. Thus, overall profits will suffer for a time, and the guidance along those lines has driven down the stock. Reasonably, over the next few years, when the cycles shift back this stiock would be fair values 30% higher, and likely receive a larger multiple. In the interim you collect a 5% or so coupon for being patient.
Significantly undervalued do to short term blip in long term high growth industry. Nice dividend to collect while you wait for the market to revalue appropriately
Looking for bounce after big selloff
SA Dan Strack
2013 TP $55
Looking at immense growth for FY2012. Based on future estimates and projections, this is pretty undervalued and should make a good deal for the coming year.
This pick was a bummer. I have no idea what I was thinking.
Good Value for a oil company with strong balance sheet.
Solid company, strong balance sheet and growth prospects.
World will need more oil with emerging economies increasing demand. Many new discoveries are deep see in GOM, off Brazil, and off Africa requiring drilling expertise. NE is keeping their fleet fresh by adding both new deep water drill rigs and shallow water jack up rigs. GOM drilling licenses are beginning to be issued after the moratorium.
Deepsea drillers are A.L.L. a five-year secular buy.
I've owned this for 4 years and keep adding on when the price is low. Great stock.
Technicals and historical fundamentals
Gulf spill wasn't their fault, but their stock had to pay the price? Silly. They are undervalued now.
I bought into NE because it was a top pick resulting from applying a set of filters emphasizing dividend return, payout, and low p/e. After 23 years of mostly losing my butt, I've finally come to realize that a consistent positive return can be obtained using these criterion. I had a 35% return this past year. It would have been better, but I'm too chicken to reorganize my loss leader portfolio. My main portfolio did around 50%.
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