Noble Midstream Partners (NYSE: NBLX) and Enbridge Energy Management (NYSE:EEQ) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitabiliy, analyst recommendations, risk, valuation, institutional ownership and earnings.
Valuation and Earnings
This table compares Noble Midstream Partners and Enbridge Energy Management’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Noble Midstream Partners||$178.92 million||4.83||$134.29 million||$2.65||16.26|
|Enbridge Energy Management||N/A||N/A||N/A||N/A||N/A|
Noble Midstream Partners has higher revenue and earnings than Enbridge Energy Management.
This is a breakdown of recent recommendations for Noble Midstream Partners and Enbridge Energy Management, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Noble Midstream Partners||0||2||10||0||2.83|
|Enbridge Energy Management||0||3||5||0||2.63|
Noble Midstream Partners currently has a consensus price target of $41.90, suggesting a potential downside of 2.78%. Enbridge Energy Management has a consensus price target of $25.00, suggesting a potential upside of 72.89%. Given Enbridge Energy Management’s higher possible upside, analysts clearly believe Enbridge Energy Management is more favorable than Noble Midstream Partners.
Institutional & Insider Ownership
97.9% of Noble Midstream Partners shares are held by institutional investors. Comparatively, 78.7% of Enbridge Energy Management shares are held by institutional investors. 0.3% of Enbridge Energy Management shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
This table compares Noble Midstream Partners and Enbridge Energy Management’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Noble Midstream Partners||50.57%||31.64%||24.40%|
|Enbridge Energy Management||N/A||-750.00%||-750.00%|
Noble Midstream Partners pays an annual dividend of $1.78 per share and has a dividend yield of 4.1%. Enbridge Energy Management pays an annual dividend of $1.10 per share and has a dividend yield of 7.6%. Noble Midstream Partners pays out 67.2% of its earnings in the form of a dividend.
Noble Midstream Partners beats Enbridge Energy Management on 7 of the 11 factors compared between the two stocks.
Noble Midstream Partners Company Profile
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.
Enbridge Energy Management Company Profile
Enbridge Energy Management, L.L.C. is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership’s limited partner interests. The Company manages the business of the Partnership. The Partnership owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States.
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