Of note is the ratio of Noble Midstream Partners LP's sales and general administrative expense to its total operating expenses; only 5.65% of US stocks have a lower such ratio.
The volatility of Noble Midstream Partners LP's share price is greater than that of 94.96% US stocks with at least 200 days of trading history.
Noble Midstream Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -144.78%, greater than the shareholder yield of only 2.94% of stocks in our set.
Stocks that are quantitatively similar to NBLX, based on their financial statements, market capitalization, and price volatility, are CPE, PK, VVI, CUZ, and MOS.
Noble Midstream Partners LP Common Limited Partner Interests (NBLX) Company Bio
Noble Midstream Partners LP provides crude oil, natural gas, and water-related midstream services. The Company owns, operates, develops, and acquires a wide range of domestic midstream infrastructure assets. Noble Midstream Partners conducts business in the United States. The company was founded in 2014 and is based in Houston, Texas.
NBLX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Noble Midstream Partners LP. To summarize, we found that Noble Midstream Partners LP ranked in the 88th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Noble Midstream Partners LP, consider:
30% of the company's capital comes from equity, which is greater than merely 13.88% of stocks in our cash flow based forecasting set.
Noble Midstream Partners LP's weighted average cost of capital (WACC) is 5%; for context, that number is higher than merely 0.71% of tickers in our DCF set.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 15.1% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CVX, CHX, GLOP, NCSM, and CRC can be thought of as valuation peers to NBLX, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 10, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 13, 2020:
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 10, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 12, 2020:
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