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.
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.
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.
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.
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.
Receive News & Ratings for Noble Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.