Noble Midstream Partners (NYSE: NBLX) and PBF Logistics (NYSE:PBFX) are both small-cap oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations.
Valuation & Earnings
This table compares Noble Midstream Partners and PBF Logistics’ gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Noble Midstream Partners||$160.72 million||8.05||$74.44 million||$3.70||15.05|
|PBF Logistics||$187.34 million||4.50||$75.94 million||$2.24||8.97|
This table compares Noble Midstream Partners and PBF Logistics’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Noble Midstream Partners||55.83%||36.74%||24.51%|
This is a breakdown of recent recommendations and price targets for Noble Midstream Partners and PBF Logistics, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Noble Midstream Partners||0||2||6||0||2.75|
Noble Midstream Partners presently has a consensus target price of $54.29, indicating a potential downside of 2.49%. PBF Logistics has a consensus target price of $24.00, indicating a potential upside of 19.40%. Given PBF Logistics’ higher possible upside, analysts plainly believe PBF Logistics is more favorable than Noble Midstream Partners.
Insider & Institutional Ownership
75.6% of Noble Midstream Partners shares are owned by institutional investors. Comparatively, 37.5% of PBF Logistics shares are owned by institutional investors. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Volatility and Risk
Noble Midstream Partners has a beta of 0.95, indicating that its share price is 5% less volatile than the S&P 500. Comparatively, PBF Logistics has a beta of 1.18, indicating that its share price is 18% more volatile than the S&P 500.
Noble Midstream Partners pays an annual dividend of $1.95 per share and has a dividend yield of 3.5%. PBF Logistics pays an annual dividend of $1.92 per share and has a dividend yield of 9.6%. Noble Midstream Partners pays out 52.7% of its earnings in the form of a dividend. PBF Logistics pays out 85.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Noble Midstream Partners has raised its dividend for 3 consecutive years.
Noble Midstream Partners beats PBF Logistics on 10 of the 16 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.
PBF Logistics Company Profile
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline. The Storage Segment includes the Toledo Storage Facility, excluding the propane truck loading facility. The storage facility at its Toledo Storage Facility consisted of 30 tanks for storing crude oil, refined products and intermediates, as of December 31, 2016. PBF Logistics GP LLC (PBF GP) is its general partner. PBF GP is owned by PBF Energy Company LLC (PBF LLC).
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