24.21 0.00 (0.00%)
After hours: 5:38PM EST
|Bid||24.10 x 800|
|Ask||24.01 x 800|
|Day's Range||23.51 - 24.21|
|52 Week Range||20.30 - 40.30|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||6.64|
|Earnings Date||Feb 17, 2020 - Feb 21, 2020|
|Forward Dividend & Yield||2.69 (11.37%)|
|1y Target Est||27.38|
Houston-based Noble Energy Inc. (NYSE: NBL) and its Noble Midstream Partners LP (NYSE: NBLX) master limited partnership announced a $1.6 billion cash-and-stock deal that will simplify the companies' midstream operations.
The deal includes the MLP acquiring all of Noble Energy’s remaining midstream interests and the elimination of the latter's incentive distribution rights.
Noble Energy Inc. said Friday that a review of its midstream strategy concluded with the sale of essentially all of the oil and natural gas company's U.S. onshore midstream interests and assets to Noble Midstream Partners L.P. , and the elimination of its Incentive Distribution Rights (IDRs) for a value of $1.6 billion. The consideration includes $670 million in cash and 38.5 million of newly issued common shares of Noble Midstream, valued at $930 million. After the deal closes, Noble Energy will own 63% of the outstanding shares of Noble Midstream. Noble Energy's stock edged up 0.4% in premarket trading. It has rallied 14.7% year to date through Thursday while Noble Midstream shares have tumbled 22.7% and the S&P 500 has climbed 23.5%.
Noble Midstream Partners LP today announced that it has priced a private placement of 12,077,295 common units representing limited partner interests of the Partnership for gross proceeds of approximately $250 million.
Noble Midstream Partners LP today announced it has entered into a definitive agreement to acquire the Partnership’s incentive distribution rights and substantially all of Noble Energy’s remaining midstream interests for $1.6 billion.
PBF Energy's (PBF) third-quarter 2019 results are supported by higher refining margin per barrel in the Gulf Coast, and lower costs and expenses.
Denbury Resources' (DNR) third-quarter 2019 results are aided by lower costs and expenses, partially offset by decline in commodity price realizations and production volumes.
Noble Midstream Partners LP today reported third quarter 2019 financial and operational results. The Partnership’s consolidated results include noncontrolling interests which represent equity ownership interests that are not attributable to the Partnership; however, certain results are shown as “attributable to the Partnership,” which exclude the aforementioned noncontrolling interests.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
The Zacks Analyst Blog Highlights: CNX Midstream Partners, NuStar Energy, Global Partners and Noble Midstream Partners
Noble Midstream Partners LP today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.6716 per unit for the third quarter of 2019, a 20% increase compared to the prior year quarter and a 4.7% increase sequentially.
The surge in oil and natural gas production over the past few years have made pipelines, storage and associated infrastructure providers attractive bets in the energy midstream space.
Noble Midstream Partners LP will host its third quarter 2019 results webcast and conference call at 11:30 a.m., Central Time, Thursday, November 7, 2019.
Owing to volume growth demanded by the shippers during a July open season, Magellan Midstream Partners (MMP) decides to expand the size of its Saddlehorn pipeline by 100,000 bpd.