Comparing Noble Midstream Partners (NBLX) and Its Rivals

Noble Midstream Partners (NYSE: NBLX) is one of 53 public companies in the “Oil & Gas Transportation Services” industry, but how does it compare to its peers? We will compare Noble Midstream Partners to similar businesses based on the strength of its institutional ownership, analyst recommendations, risk, valuation, dividends, profitability and earnings.

Dividends

Noble Midstream Partners pays an annual dividend of $1.78 per share and has a dividend yield of 3.5%. Noble Midstream Partners pays out 67.2% of its earnings in the form of a dividend. As a group, “Oil & Gas Transportation Services” companies pay a dividend yield of 6.4% and pay out 172.0% of their earnings in the form of a dividend.

Analyst Ratings

This is a breakdown of current ratings for Noble Midstream Partners and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Noble Midstream Partners 0 2 10 0 2.83
Noble Midstream Partners Competitors 269 1722 2319 82 2.50

Noble Midstream Partners presently has a consensus target price of $43.70, indicating a potential downside of 14.80%. As a group, “Oil & Gas Transportation Services” companies have a potential upside of 18.06%. Given Noble Midstream Partners’ peers higher possible upside, analysts plainly believe Noble Midstream Partners has less favorable growth aspects than its peers.

Profitability

This table compares Noble Midstream Partners and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Noble Midstream Partners 50.57% 31.64% 24.40%
Noble Midstream Partners Competitors 17.34% 14.24% 5.50%

Institutional & Insider Ownership

83.9% of Noble Midstream Partners shares are owned by institutional investors. Comparatively, 57.2% of shares of all “Oil & Gas Transportation Services” companies are owned by institutional investors. 9.3% of shares of all “Oil & Gas Transportation Services” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Valuation & Earnings

This table compares Noble Midstream Partners and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Noble Midstream Partners $203.73 million $150.22 million 19.35
Noble Midstream Partners Competitors $5.66 billion $1.31 billion 38.23

Noble Midstream Partners’ peers have higher revenue and earnings than Noble Midstream Partners. Noble Midstream Partners is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

About Noble Midstream Partners

Noble Midstream Partners LP is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Company’s areas of focus are in the area of Denver-Julesburg (DJ) Basin in Colorado and the Southern Delaware Basin position of the Permian Basin in Texas (Delaware Basin). Its segments include Gathering Systems, Fresh Water Delivery, and Investments in White Cliffs and Other. The Gathering Systems segment includes crude oil, natural gas and produced water gathering, as well as crude oil treating. It holds interest in White Cliffs Pipeline L.L.C. (the White Cliffs Interest). The Investments in White Cliffs and Other segment includes activity associated with the White Cliffs Interest. As of December 31, 2016, the White Cliffs Pipeline system consisted of two 527-mile crude oil pipelines that extended from the DJ Basin to the Cushing, Oklahoma. It provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc.

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