Shares of Noble Midstream Partners LP (NYSE:NBLX) have been given an average rating of “Buy” by the eleven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $55.29.
A number of research firms recently weighed in on NBLX. Credit Suisse Group began coverage on shares of Noble Midstream Partners in a research report on Thursday, October 11th. They issued an “outperform” rating and a $47.00 target price for the company. Citigroup raised their target price on shares of Noble Midstream Partners from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Wells Fargo & Co downgraded shares of Noble Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. ValuEngine downgraded shares of Noble Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 28th. Finally, Bank of America decreased their target price on shares of Noble Midstream Partners from $59.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, October 1st.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Noble Midstream Partners by 31.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,155 shares of the energy company’s stock valued at $314,000 after acquiring an additional 1,462 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Noble Midstream Partners by 2.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,539 shares of the energy company’s stock valued at $2,989,000 after acquiring an additional 1,539 shares during the period. Baldwin Brothers Inc. MA bought a new position in shares of Noble Midstream Partners in the 2nd quarter valued at about $105,000. Tower Research Capital LLC TRC bought a new position in shares of Noble Midstream Partners in the 2nd quarter valued at about $159,000. Finally, Citadel Advisors LLC grew its position in shares of Noble Midstream Partners by 51.5% in the 1st quarter. Citadel Advisors LLC now owns 9,273 shares of the energy company’s stock valued at $432,000 after acquiring an additional 3,154 shares during the period. 56.28% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:NBLX traded down $0.10 during midday trading on Wednesday, reaching $38.98. 101,900 shares of the company were exchanged, compared to its average volume of 167,923. Noble Midstream Partners has a fifty-two week low of $33.51 and a fifty-two week high of $57.98. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.62 and a beta of 1.71.
Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings data on Friday, August 3rd. The energy company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. Noble Midstream Partners had a net margin of 45.55% and a return on equity of 21.14%. The business had revenue of $121.97 million for the quarter, compared to analyst estimates of $114.90 million. Research analysts expect that Noble Midstream Partners will post 4.03 earnings per share for the current fiscal year.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company 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.
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