The Company repurchased approximately 6.9 million shares in the third quarter for $250 million, bringing total repurchases executed under the original $400 million program to $360 million. On October 22, 2024, Noble’s Board of Directors authorized an increased share repurchase authorization of up to an additional $400 million, subject to any applicable shareholder approval limits. This authorization does not have a fixed expiration, and may be modified, suspended or discontinued at any time. The program does not obligate the Company to acquire any particular amount of shares.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NE:
- Noble Corp options imply 4.4% move in share price post-earnings
- Noble Corporation (85V1) Q3 Earnings Cheat Sheet
- Noble Corp. price target lowered to $40 from $60 at BTIG
- Noble Corp. price target lowered to $48 from $54 at Barclays
- Benchmark downgrades trio of energy companies with offshore drilling stabilized