News articles about Noble Midstream Partners (NYSE:NBLX) have trended somewhat positive on Sunday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noble Midstream Partners earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the energy company an impact score of 46.6887051714267 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $59.00 price target for the company in a research report on Wednesday, April 19th. Barclays PLC set a $55.00 target price on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Mizuho downgraded shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Monday, July 10th. Finally, Scotiabank set a $50.00 target price on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $43.45.
Shares of Noble Midstream Partners (NBLX) opened at 42.48 on Friday. The company has a market cap of $1.53 billion and a P/E ratio of 24.03. The firm has a 50-day moving average of $45.00 and a 200-day moving average of $47.09. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $53.29.
Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. The business had revenue of $57.78 million for the quarter, compared to analyst estimates of $45.20 million. Equities research analysts forecast that Noble Midstream Partners will post $3.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.4457 per share. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.78 dividend on an annualized basis and a yield of 4.20%. Noble Midstream Partners’s dividend payout ratio is presently 67.17%.
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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).
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