20 Mid-Cap Stocks Insiders Were Buying in Q1 2025

16. Noble Corporation plc (NYSE:NE)

Market Cap: $3.17 billion

Noble Corporation is an offshore drilling contractor providing drilling services to the oil and gas industry around the world. The company operates a fleet of offshore rigs, including floaters and jack-up rigs. Founded in 1921, Noble Corporation is headquartered in Houston, Texas.

In Q4 2024, Noble Corporation reported $882 million in contract drilling revenue, up from $764 million in Q3, mainly due to its Diamond Offshore acquisition. Net income rose to $97 million, and Adjusted EBITDA increased to $319 million, including $40 million from the early termination of the Noble Deliverer. Despite higher costs and capital expenditures, the company generated $136 million in operating cash flow and $2 million in free cash flow.

In February and March, two insiders, including the company CEO, and CFO, bought around $1.05 million worth of Noble shares at an average price of $25.92 per share. Year-to-date, the stock is down 36.56%, trading at $19.92 per share. Over the past 12 months, Noble stock dropped 56.89%.

Noble stock has an average “Buy” rating from seven analysts, according to StockAnalysis. The 12-month price forecast is $33.83, suggesting a 69.92% potential increase from its latest price.