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Noble Midstream Partners LP is an oil & gas midstream business based in the US. Noble Midstream Partners shares (NBLX) are listed on the NASDAQ and all prices are listed in US Dollars.
|52-week range||$1.66 - $15.56|
|50-day moving average||$13.44|
|200-day moving average||$10.31|
|Wall St. target price||$13.70|
|Dividend yield||$0.75 (4.96%)|
|Earnings per share (TTM)||$1.49|
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Valuing Noble Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Noble Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Noble Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Noble Midstream Partners shares trade at around 10x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Noble Midstream Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.16. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Noble Midstream Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Noble Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $372.1 million.
The EBITDA is a measure of a Noble Midstream Partners's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$764.6 million|
|Operating margin TTM||34.85%|
|Gross profit TTM||$401.6 million|
|Return on assets TTM||5.59%|
|Return on equity TTM||7.41%|
|Market capitalisation||$1.4 billion|
TTM: trailing 12 months
There are currently 318,996 Noble Midstream Partners shares held short by investors – that's known as Noble Midstream Partners's "short interest". This figure is 27.6% down from 440,824 last month.
There are a few different ways that this level of interest in shorting Noble Midstream Partners shares can be evaluated.
Noble Midstream Partners's "short interest ratio" (SIR) is the quantity of Noble Midstream Partners shares currently shorted divided by the average quantity of Noble Midstream Partners shares traded daily (recently around 1.1 million). Noble Midstream Partners's SIR currently stands at 0.29. In other words for every 100,000 Noble Midstream Partners shares traded daily on the market, roughly 290 shares are currently held short.
However Noble Midstream Partners's short interest can also be evaluated against the total number of Noble Midstream Partners shares, or, against the total number of tradable Noble Midstream Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Noble Midstream Partners's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Noble Midstream Partners shares in existence, roughly 0 shares are currently held short) or 0.0094% of the tradable shares (for every 100,000 tradable Noble Midstream Partners shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Noble Midstream Partners.
Find out more about how you can short Noble Midstream Partners stock.
Dividend payout ratio: 27.78% of net profits
Recently Noble Midstream Partners has paid out, on average, around 27.78% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.94% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Noble Midstream Partners shareholders could enjoy a 4.94% return on their shares, in the form of dividend payments. In Noble Midstream Partners's case, that would currently equate to about $0.75 per share.
While Noble Midstream Partners's payout ratio might seem fairly standard, it's worth remembering that Noble Midstream Partners may be investing much of the rest of its net profits in future growth.
Noble Midstream Partners's most recent dividend payout was on 11 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 3 February 2021 (the "ex-dividend date").
Over the last 12 months, Noble Midstream Partners's shares have ranged in value from as little as $1.6561 up to $15.561. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Noble Midstream Partners's is 3.4469. This would suggest that Noble Midstream Partners's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments in Midstream Entities. 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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