Noble Corporation (NE) versus Ring Energy (REI) Critical Contrast

Ring Energy (NYSE: REI) and Noble Corporation (NYSE:NE) are both small-cap basic materials companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, risk, analyst recommendations, earnings, institutional ownership, valuation and dividends.

Institutional & Insider Ownership

95.5% of Noble Corporation shares are owned by institutional investors. 1.6% of Noble Corporation shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Valuation & Earnings

This table compares Ring Energy and Noble Corporation’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Ring Energy $42.26 million 16.63 $21.77 million N/A N/A
Noble Corporation $1.40 billion 0.71 $639.70 million ($7.21) -0.56

Noble Corporation has higher revenue and earnings than Ring Energy.

Profitability

This table compares Ring Energy and Noble Corporation’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Ring Energy N/A N/A N/A
Noble Corporation -122.04% -3.19% -1.83%

Analyst Recommendations

This is a summary of current ratings and price targets for Ring Energy and Noble Corporation, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Ring Energy 0 0 6 0 3.00
Noble Corporation 6 17 4 0 1.93

Ring Energy currently has a consensus price target of $18.60, suggesting a potential upside of 43.30%. Noble Corporation has a consensus price target of $5.65, suggesting a potential upside of 39.56%. Given Ring Energy’s stronger consensus rating and higher probable upside, equities analysts clearly believe Ring Energy is more favorable than Noble Corporation.

Summary

Ring Energy beats Noble Corporation on 7 of the 11 factors compared between the two stocks.

Ring Energy Company Profile

Ring Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in Midland, Texas.

Noble Corporation Company Profile

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

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