Noble Midstream Partners (NBLX) versus Its Rivals Head to Head Comparison

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Noble Midstream Partners (NASDAQ: NBLX) is one of 21 publicly-traded companies in the “Pipelines, except natural gas” industry, but how does it weigh in compared to its rivals? We will compare Noble Midstream Partners to related businesses based on the strength of its valuation, institutional ownership, risk, analyst recommendations, profitability, dividends and earnings.

Profitability

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

Net Margins Return on Equity Return on Assets
Noble Midstream Partners 18.95% 20.39% 8.55%
Noble Midstream Partners Competitors 27.26% 16.37% 9.35%

Volatility and Risk

Noble Midstream Partners has a beta of 3.68, indicating that its share price is 268% more volatile than the S&P 500. Comparatively, Noble Midstream Partners’ rivals have a beta of 1.59, indicating that their average share price is 59% more volatile than the S&P 500.

Institutional and Insider Ownership

25.8% of Noble Midstream Partners shares are held by institutional investors. Comparatively, 50.0% of shares of all “Pipelines, except natural gas” companies are held by institutional investors. 5.8% of shares of all “Pipelines, except natural gas” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares Noble Midstream Partners and its rivals gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Noble Midstream Partners $703.80 million $160.00 million 2.42
Noble Midstream Partners Competitors $6.66 billion $612.06 million 8.01

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

Dividends

Noble Midstream Partners pays an annual dividend of $0.75 per share and has a dividend yield of 10.1%. Noble Midstream Partners pays out 24.4% of its earnings in the form of a dividend. As a group, “Pipelines, except natural gas” companies pay a dividend yield of 11.3% and pay out 82.8% of their earnings in the form of a dividend.

Analyst Recommendations

This is a summary of current ratings and recommmendations for Noble Midstream Partners and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Noble Midstream Partners 1 0 0 0 1.00
Noble Midstream Partners Competitors 420 1398 1269 35 2.29

Noble Midstream Partners presently has a consensus target price of $5.00, indicating a potential downside of 32.98%. As a group, “Pipelines, except natural gas” companies have a potential upside of 53.98%. Given Noble Midstream Partners’ rivals stronger consensus rating and higher possible upside, analysts plainly believe Noble Midstream Partners has less favorable growth aspects than its rivals.

Summary

Noble Midstream Partners rivals beat Noble Midstream Partners on 12 of the 15 factors compared.

About Noble Midstream Partners

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through four segments: Gathering Systems, Fresh Water Delivery, and Investments in Midstream Entities and Corporate. The company provides crude oil, natural gas, and water-related midstream services. It operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas. Noble Midstream Partners LP is a subsidiary of Noble Energy, Inc.

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