Here is Why Noble Corporation (NE) Jumped This Week

Sultan Khalid

Tue, February 17, 2026 at 11:43 AM GMT+9 2 min read

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The share price of Noble Corporation plc (NYSE:NE) surged by 16.89% between February 6 and February 13, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why Noble Corporation (NE) Jumped This Week

Noble Corporation plc (NYSE:NE) is an offshore drilling contractor serving the oil and gas industry worldwide.

Noble Corporation plc (NYSE:NE) reported its Q4 2025 results on February 12, with the company’s adjusted EPS of $0.09 falling well below expectations of $0.15. However, the firm’s revenue of $764.4 million managed to beat estimates by over $26.5 million, despite a YoY decline of almost 17.6%.

Moreover, Noble Corporation plc (NYSE:NE) reported around $1.3 billion in new contract awards since its October fleet status report, raising its backlog to $7.5 billion. The company also revealed that its Noble Great White has been awarded a three-year contract with Aker BP in Norway, valued at $473 million. Noble expects a total EBITDA potential of approximately $240 million over this three-year contract period.

Noble Corporation plc (NYSE:NE) also reiterated its commitment to shareholders by announcing a $0.50 per share dividend for the current quarter on February 12. The dividend is payable on March 19 to all shareholders of record as of March 4.

Looking forward, Noble Corporation plc (NYSE:NE) is forecasting a total revenue of $2.8 to $3.0 billion for FY 2026, with an adjusted EBITDA in the range of $940 million to $1.02 billion. Moreover, the company is targeting CapEx of $590-$640 million for the year.

Following the Q4 report, on February 13, Evercore ISI raised its price target on Noble Corporation plc (NYSE:NE) from $36 to $45, while maintaining an ‘In Line’ rating on the shares. On the same day, Susquehanna also increased its price target on NE from $32 to $45, while keeping its ‘Neutral’ rating on the stock.

While we acknowledge the potential of NE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 High Yield Utility Stocks to Buy in 2026 and 10 Best American Oil and Gas Stocks to Buy

Disclosure: None.

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