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Noble Drilling Corp. (NYSE:NE) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Noble Drilling Corp. (NYSE:NE) seasonal charts above shows that a Buy Date of November 28 and a Sell Date of February 23 has resulted in a geometric average return of 1.93% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 16 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 17.46% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

Noble operates a diverse fleet of 25 offshore rigs that drill for oil and natural gas globally, following the spin-off of most of its older rigs into Paragon Offshore. The company’s fleet is composed of 13 jackups and 12 floaters.

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