Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Currently, Noble performs, through its subsidiaries, contract drilling services with a fleet of 24 offshore drilling units, consisting of 12 drillships and semisubmersibles and 12 jackups, focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide. Noble is an exempted company incorporated in the Cayman Islands with limited liability with registered office at P.O. BOX 309, Ugland House, S. Church Street, Grand Cayman, KY1-1104.
Company profile
Ticker
NBLTF, NBLRF
Website
CEO
David Williams
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Noble Corp / Switzerland, Noble Corp plc, Noble Holding Corp plc
SEC CIK
Corporate docs
Subsidiaries
Bully 1 (Switzerland) GmbH • Bully 1 (US) Corporation • Bully 2 (Switzerland) GmbH • Frontier Driller Cayman, Ltd. • Frontier Driller Kft. • Frontier Driller, Inc. • Frontier Driller, Ltd. • Maurer Technology LLC • NDSI Holding Limited • NE do Brasil Participacoes E Investimentos Ltda. ...
IRS number
980619597
Latest filings (excl ownership)
15-12G
Securities registration termination
11 Oct 22
EFFECT
Notice of effectiveness
5 Oct 22
POS AM
Prospectus update (post-effective amendment)
30 Sep 22
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Sep 22
25-NSE
Exchange delisting
30 Sep 22
8-K
Completion of Acquisition or Disposition of Assets
30 Sep 22
425
Business combination disclosure
13 Sep 22
425
Business combination disclosure
9 Sep 22
425
Business combination disclosure
8 Sep 22
425
Business combination disclosure
7 Sep 22
Latest ownership filings
SC 13G/A
CANYON CAPITAL ADVISORS LLC
14 Feb 23
SC 13G/A
KING STREET CAPITAL MANAGEMENT, L.P.
13 Feb 23
4
Change in insider ownership
30 Sep 22
4
Change in insider ownership
28 Sep 22
4
Change in insider ownership
26 Sep 22
4
Change in insider ownership
22 Sep 22
4
Change in insider ownership
20 Sep 22
4
Change in insider ownership
14 Sep 22
4
Change in insider ownership
13 Sep 22
4
Change in insider ownership
8 Sep 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 164.77 mm | 164.77 mm | 164.77 mm | 164.77 mm | 164.77 mm | 164.77 mm |
| Cash burn (monthly) | (no burn) | 317.67 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 2.89 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 161.87 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 509.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
25.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 10 |
| Opened positions | 0 |
| Closed positions | 130 |
| Increased positions | 6 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 2.84 bn |
| Total shares | 27.18 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Pacific Investment Management | 25.53 mm | $0.00 |
| Skandinaviska Enskilda Banken AB | 527.33 k | $15.60 mm |
| Robert Robotti | 374.46 k | $11.08 mm |
| QVT Financial | 257.29 k | $7.61 mm |
| Voloridge Investment Management | 253.13 k | $7.49 mm |
| First Trust Advisors | 140.25 k | $4.17 mm |
| Hartree Partners | 94.50 k | $2.80 bn |
| Triasima Portfolio Management | 1.04 k | $31.00 k |
| IFP Advisors | 840.00 | $16.00 k |
| Beacon Capital Management | 14.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 28.33 | 80,414 | 2.28 mm | 17,523,228 |
| 27 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 27.79 | 89,952 | 2.50 mm | 17,603,642 |
| 26 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 27.75 | 51,196 | 1.42 mm | 17,693,594 |
| 23 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 27.76 | 105,859 | 2.94 mm | 17,744,790 |
| 22 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 30.44 | 9,000 | 273.96 k | 17,850,649 |
| 21 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 31.02 | 64,511 | 2.00 mm | 17,859,649 |
| 20 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 30.95 | 99,068 | 3.07 mm | 17,924,160 |
| 19 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 31.85 | 106,303 | 3.39 mm | 18,023,228 |
| 16 Sep 22 | Pacific Investment Management | Ordinary Shares | Sell | Dispose S | Yes | No | 32.71 | 193,697 | 6.34 mm | 18,129,531 |