Shares of Noble Midstream Partners LP (NYSE:NBLX) have been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.00.
Several equities analysts have weighed in on NBLX shares. Zacks Investment Research raised Noble Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Noble Financial started coverage on Noble Midstream Partners in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $29.00 price objective for the company. Robert W. Baird lowered their price target on Noble Midstream Partners from $39.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. cut Noble Midstream Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $41.00 in a report on Friday, June 7th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $40.00 price target (down previously from $45.00) on shares of Noble Midstream Partners in a report on Monday, August 19th.
A number of institutional investors and hedge funds have recently modified their holdings of NBLX. Northern Oak Wealth Management Inc. acquired a new position in Noble Midstream Partners in the 2nd quarter worth about $26,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Noble Midstream Partners by 200.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 900 shares of the energy company’s stock worth $30,000 after purchasing an additional 600 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in Noble Midstream Partners in the 1st quarter worth about $36,000. Signaturefd LLC acquired a new position in Noble Midstream Partners in the 1st quarter worth about $56,000. Finally, BNP Paribas Arbitrage SA acquired a new position in Noble Midstream Partners in the 2nd quarter worth about $176,000. 55.70% of the stock is owned by institutional investors and hedge funds.
NYSE NBLX traded up $0.81 during midday trading on Friday, hitting $27.35. The company had a trading volume of 384,808 shares, compared to its average volume of 270,676. The company has a market capitalization of $1.06 billion, a PE ratio of 6.91, a P/E/G ratio of 0.43 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $26.13 and a 200-day moving average price of $32.20. Noble Midstream Partners has a twelve month low of $22.28 and a twelve month high of $43.98.
Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings data on Friday, August 2nd. The energy company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.10). The company had revenue of $158.26 million during the quarter, compared to analyst estimates of $136.40 million. Noble Midstream Partners had a net margin of 28.24% and a return on equity of 12.28%. On average, equities analysts anticipate that Noble Midstream Partners will post 3.89 EPS for the current year.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.
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