Hara Capital Acquires $4.9 Million in Noble Corporation Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Jan 26
Source: Fool
Noble Corporation's stock has increased by 3.77% and reached a 52-week high.
Hara Capital LLC disclosed a new position in Noble Corporation by acquiring 173,597 shares valued at $4.9 million, marking it as the firm's sixth-largest equity investment and reflecting confidence in the company. Despite a 2.9% decline in Noble's stock price over the past year, the company reported third-quarter revenue of $798 million, with management noting a backlog increase to $7 billion due to new contracts, suggesting strong future growth potential.
This acquisition positions Noble to account for 2.7% of Hara Capital's reportable 13F assets, highlighting its significance within the firm's total U.S. equity assets of $179.74 million.
Analyst Views on NE
Wall Street analysts forecast NE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NE is 33.20 USD with a low forecast of 32.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
1 Buy
4 Hold
0 Sell
Hold
Current: 34.620
Low
32.00
Averages
33.20
High
36.00
Current: 34.620
Low
32.00
Averages
33.20
High
36.00
About NE
Noble Corporation plc is an offshore drilling contractor for the oil and gas industry, which owns and operates technically advanced fleets in the offshore drilling industry. The Company performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. It provides contract drilling services to the international oil and gas industry with its global fleet of mobile offshore drilling units. The mobile offshore drilling units comprising its offshore rig fleet operate in a global market for contract drilling services, and its customers consist primarily of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world. Its fleet of approximately 31 drilling rigs consists of 25 floaters and 6 jackups. Its fleet includes Noble Faye Kozack, Noble Venturer, Noble Viking, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
