10 Oversold Stocks to Buy in 2025 Amid Inflation Fears

8. Noble Corporation plc (NYSE:NE)

Noble Corporation plc is an offshore drilling contractor for the oil and gas industry. It offers contract drilling services and operates drilling rings. The company’s stock is currently out of favor among investors, falling 23% this year.

According to 18 different analyst ratings,  Noble Corporation has the highest target price of $44, which means it has a potential upside of 81% from the current levels if the bull scenario holds true. The stock is currently trading 19% below the lowest Wall Street price target of $29. With every Wall Street analyst bullish on the stock at current levels, there’s no reason not to like the stock. However, investors should note that there is some risk involved as the price targets are elevated because of the 50% dip in share price over the last year.

The company expects revenue between $3.25 billion to $3.45 billion in 2025. Adjusted EBITDA is projected within a range of $1.05 billion to $1.15 billion.

CFO Richard Baker offered insight into the company’s full-year prospects:

“Despite a more muted near-term outlook, we still expect 2025 to represent a nice step up in free cash flow compared to last year, facilitated in part by lower CapEx following the peak of the five-year SPS cycle in 2023 and 2024 for both the legacy diamond and Noble fleet.”

Going by the above, one can say with a fair amount of certainty that the management is confident of sustaining the rather high dividend yield of 8%.