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.
Industry, Sector and Symbol:
- Sector: Energy
- Industry: Oil & Gas Transportation Services - NEC
- Sub-Industry: N/A
- Symbol: NYSE:NBLX
- CUSIP: N/A
- Web: www.nblmidstream.com/
- Market Cap: $1.58 billion
- Outstanding Shares: 20,033,000
- 50 Day Moving Avg: $44.67
- 200 Day Moving Avg: $47.16
- 52 Week Range: $26.00 - $53.29
Sales & Book Value:
- Trailing P/E Ratio: 24.68
- Foreward P/E Ratio: 8.93
- P/E Growth: 0.16
- Annual Revenue: $203.73 million
- Price / Sales: 4.34
- Book Value: $6.92 per share
- Price / Book: 6.37
- Annual Dividend: $1.78
- Dividend Yield: 4.0%
- EBIDTA: $150.22 million
- Net Margins: 67.68%
- Return on Equity: 47.59%
- Return on Assets: 31.76%
- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 0.64%
- Quick Ratio: 0.64%
- Average Volume: 91,139 shs.
- Short Ratio: 3.29
Frequently Asked Questions for Noble Midstream Partners LP (NYSE:NBLX)
What is Noble Midstream Partners LP's stock symbol?
Noble Midstream Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "NBLX."
How often does Noble Midstream Partners LP pay dividends? What is the dividend yield for Noble Midstream Partners LP?
Noble Midstream Partners LP announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be given a dividend of $0.4457 per share on Monday, August 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, August 3rd. This is an increase from Noble Midstream Partners LP's previous quarterly dividend of $0.41. View Noble Midstream Partners LP's Dividend History.
How were Noble Midstream Partners LP's earnings last quarter?
Noble Midstream Partners LP (NYSE:NBLX) posted its earnings results on Thursday, August, 3rd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.23. The firm earned $57.78 million during the quarter, compared to analysts' expectations of $45.20 million. Noble Midstream Partners LP had a net margin of 67.68% and a return on equity of 47.59%. View Noble Midstream Partners LP's Earnings History.
When will Noble Midstream Partners LP make its next earnings announcement?
Where is Noble Midstream Partners LP's stock going? Where will Noble Midstream Partners LP's stock price be in 2017?
12 equities research analysts have issued 12-month price objectives for Noble Midstream Partners LP's shares. Their forecasts range from $32.00 to $55.00. On average, they expect Noble Midstream Partners LP's share price to reach $41.90 in the next twelve months. View Analyst Ratings for Noble Midstream Partners LP.
Who are some of Noble Midstream Partners LP's key competitors?
Some companies that are related to Noble Midstream Partners LP include Plains Group Holdings, L.P. (PAGP), EnLink Midstream, LLC (ENLC), Valero Energy Partners LP (VLP), Semgroup Corporation (SEMG), Western Refining Logistics, LP (WNRL), Summit Midstream Partners, LP (SMLP), Tallgrass Energy GP, LP (TEGP), Ship Finance International Limited (SFL), Enbridge Energy Management LLC (EEQ), Crestwood Midstream Partners LP (CMLP), VTTI Energy Partners LP (VTTI), Frontline (FRO), PBF Logistics LP (PBFX), Delek Logistics Partners, L.P. (DKL), Teekay Offshore Partners L.P. (TOO), Teekay Tankers (TNK), Blueknight Energy Partners L.P., L.L.C. (BKEP) and Southcross Energy Partners, L.P. (SXE).
Who are Noble Midstream Partners LP's key executives?
Noble Midstream Partners LP's management team includes the folowing people:
- Kenneth M. Fisher, Chairman of the Board of General Partner
- Terry R. Gerhart, Chief Executive Officer, Director of General Partner
- John F. Bookout IV, Chief Financial Officer of General Partner
- John C. Nicholson, Chief Operating Officer of General Partner
- Thomas W. Christensen, Chief Accounting Officer of General Partner
- Charles J. Rimer, Director of General Partner
- Martin Salinas Jr., Director of General Partner
- Hallie A. Vanderhider, Director of General Partner
- Gary W. Willingham, Director of General Partner
- Andrew Viens, Independent Director of General Partner
When did Noble Midstream Partners LP IPO?
(NBLX) raised $250 million in an initial public offering (IPO) on Thursday, September 15th 2016. The company issued 12,500,000 shares at a price of $19.00-$21.00 per share. Barclays, Baird, J.P. Morgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, DNB Markets, Mizuho Securities, MUFG and Wells Fargo Securities acted as the underwriters for the IPO and BB&T Capital Markets, BNP PARIBAS, CIBC Fifth Third Securities, PNC Capital Markets, Scotia Howard Weil, SOCIETE GENERALE, SMBC Nikko and TD Securities were co-managers.
Who owns Noble Midstream Partners LP stock?
Noble Midstream Partners LP's stock is owned by a number of of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (18.52%), FMR LLC (10.79%), Kayne Anderson Capital Advisors LP (9.36%), Goldman Sachs Group Inc. (3.03%), Cannell Peter B & Co. Inc. (5.23%) and HITE Hedge Asset Management LLC (2.67%). Company insiders that own Noble Midstream Partners LP stock include Gary W Willingham, John C Nicholson, John F Iv Bookout, Martin Salinas, Terry R Gerhart and Thomas W Christensen. View Institutional Ownership Trends for Noble Midstream Partners LP.
Who sold Noble Midstream Partners LP stock? Who is selling Noble Midstream Partners LP stock?
Noble Midstream Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Jennison Associates LLC, Atlantic Trust Group LLC, Russell Investments Group Ltd., Bank of Montreal Can, Bamco Inc. NY, Kornitzer Capital Management Inc. KS and Castleark Management LLC. View Insider Buying and Selling for Noble Midstream Partners LP.
Who bought Noble Midstream Partners LP stock? Who is buying Noble Midstream Partners LP stock?
Noble Midstream Partners LP's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, JPMorgan Chase & Co., Cannell Peter B & Co. Inc., Marshall Wace North America L.P., Texas Yale Capital Corp. and State of New Jersey Common Pension Fund D. Company insiders that have bought Noble Midstream Partners LP stock in the last two years include Gary W Willingham, John C Nicholson, John F Iv Bookout, Martin Salinas, Terry R Gerhart and Thomas W Christensen. View Insider Buying and Selling for Noble Midstream Partners LP.
How do I buy Noble Midstream Partners LP stock?
Shares of Noble Midstream Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Noble Midstream Partners LP's stock price today?
MarketBeat Community Rating for Noble Midstream Partners LP (NYSE NBLX)MarketBeat's community ratings are surveys of what our community members think about Noble Midstream Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Noble Midstream Partners LP stock can currently be purchased for approximately $44.09.
Consensus Ratings for Noble Midstream Partners LP (NYSE:NBLX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.83)|
|Consensus Price Target: ||$41.90 (4.97% downside)|
Analysts' Ratings History for Noble Midstream Partners LP (NYSE:NBLX)
(Data available from 8/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/3/2017||Scotiabank||Set Price Target||Buy||$50.00||High|
|7/10/2017||Mizuho||Downgrade||Buy -> Neutral||$51.00||Low|
|5/2/2017||Barclays PLC||Set Price Target||Buy||$55.00||Medium|
|3/24/2017||Johnson Rice||Initiated Coverage||Buy||High|
|2/14/2017||Deutsche Bank AG||Set Price Target||Hold||$39.00||N/A|
|2/1/2017||Citigroup Inc.||Reiterated Rating||Buy||$38.00 -> $49.00||N/A|
|10/31/2016||Wells Fargo & Company||Initiated Coverage||Outperform||N/A|
|10/12/2016||Bank of America Corporation||Reiterated Rating||Buy||$32.00||N/A|
|10/10/2016||Mitsubishi UFJ Financial Group||Reiterated Rating||Overweight||N/A|
|10/11/2016||Howard Weil||Initiated Coverage||Sector Outperform||$38.00||N/A|
|10/10/2016||J P Morgan Chase & Co||Initiated Coverage||Overweight||$34.00||N/A|
|10/10/2016||Robert W. Baird||Initiated Coverage||Outperform||$39.00||N/A|
Earnings History for Noble Midstream Partners LP (NYSE:NBLX)Earnings History by Quarter for Noble Midstream Partners LP (NYSE NBLX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/1/2017|| || || || || || || || |
|8/3/2017||Q2 2017||$0.75||$0.98||$45.20 million||$57.78 million||View||Listen|
|2/13/2017||Q416||$0.78||$0.80||$42.08 million||$48.47 million||View||N/A|
|11/2/2016||Q316||$0.43||$0.10||$32.63 million||$48.20 million||View||N/A|
Earnings Estimates for Noble Midstream Partners LP (NYSE:NBLX)
Current Year EPS Consensus Estimate: $3.77 EPS
Next Year EPS Consensus Estimate: $4.94 EPS
Current Dividend Information for Noble Midstream Partners LP (NYSE:NBLX)
|Most Recent Dividend:||8/14/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||67.17% (Trailing 12 Months of Earnings) |
47.21% (Based on This Year's Estimates)
36.03% (Based on Next Year's Estimates)
Dividend History by Quarter for Noble Midstream Partners LP (NYSE NBLX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Noble Midstream Partners LP (NYSE:NBLX)
Institutional Ownership Percentage: 78.55%Insider Trades by Quarter for Noble Midstream Partners LP (NYSE:NBLX)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/8/2016||Martin Salinas||Director||Buy||7,000||$30.01||$210,070.00|| |
|9/20/2016||Gary W Willingham||Director||Buy||10,000||$22.50||$225,000.00|| |
|9/20/2016||John C Nicholson||COO||Buy||2,700||$22.50||$60,750.00|| |
|9/20/2016||John F Iv Bookout||CFO||Buy||7,000||$22.50||$157,500.00|| |
|9/20/2016||Terry R Gerhart||CEO||Buy||15,000||$22.50||$337,500.00|| |
|9/20/2016||Thomas W Christensen||Insider||Buy||1,500||$22.50||$33,750.00|| |
Headline Trends for Noble Midstream Partners LP (NYSE:NBLX)
Latest Headlines for Noble Midstream Partners LP (NYSE:NBLX)
Noble Midstream Partners LP (NBLX) Chart for Wednesday, August, 23, 2017