Long-term distribution growth rate
Noble Midstream Partners (NBLX) targets a long-term distribution per unit growth rate of 20%. NBLX is yet to declare distributions for 4Q16, which will be the company’s first quarterly distribution since its IPO in September 2016.
The above figure illustrates NBLX’s existing assets as well as updates on its key projects.
Of the analysts surveyed by Reuters, 90% rated Noble Midstream Partners (NBLX) as a “buy,” and 10% rated it as a “hold.” None of the surveyed analysts rated NBLX as a “sell.” Analysts’ median target price for NBLX for the next year is $40.
Moreover, Mizuho raised its price target for NBLX from $37 to $47 on January 18.