JP Morgan has downgraded Noble Corporation PLC (NE) to Neutral from Overweight. The action, taken on December 9, 2025, reflects increased caution regarding the company's outlook.
Noble Corporation, headquartered in Houston, Texas, provides contract drilling services to the international oil and gas industry. The company operates a fleet of approximately 40 drilling rigs, including 27 floaters and 13 jackups, focusing on ultra-deepwater and high specification jackup drilling opportunities. Noble's market capitalization stands at $4.8 billion, with a P/E ratio of 21.14 and an EPS of 1.40. The company is set to report its next earnings on August 3, 2026, with an EPS estimate of $0.09 and a revenue estimate of $717.4 million.
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