Noble Midstream Partners LP (NYSE:NBLX) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $51.63.
Several analysts recently commented on NBLX shares. Zacks Investment Research downgraded shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Wells Fargo & Co set a $40.00 price target on shares of Noble Midstream Partners and gave the company a “hold” rating in a research report on Friday, March 8th. Robert W. Baird downgraded shares of Noble Midstream Partners from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $53.00 to $39.00 in a research report on Thursday, March 7th. Finally, TheStreet downgraded shares of Noble Midstream Partners from a “c-” rating to a “d+” rating in a research report on Thursday, December 20th.
Shares of Noble Midstream Partners stock traded up $0.37 during trading hours on Wednesday, hitting $37.27. The company had a trading volume of 96,275 shares, compared to its average volume of 346,118. Noble Midstream Partners has a twelve month low of $26.08 and a twelve month high of $56.40. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.83 and a beta of 1.37.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings results on Tuesday, February 19th. The energy company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.05). Noble Midstream Partners had a net margin of 32.35% and a return on equity of 13.35%. The business had revenue of $136.65 million during the quarter, compared to analysts’ expectations of $141.30 million. On average, analysts forecast that Noble Midstream Partners will post 4.54 earnings per share for the current fiscal year.
In related news, insider Thomas W. Christensen purchased 1,500 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was acquired at an average price of $34.00 per share, for a total transaction of $51,000.00. Following the acquisition, the insider now directly owns 10,573 shares of the company’s stock, valued at approximately $359,482. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Noble Midstream Partners in the 4th quarter valued at about $134,000. Tortoise Index Solutions LLC grew its stake in Noble Midstream Partners by 100.9% in the 4th quarter. Tortoise Index Solutions LLC now owns 7,526 shares of the energy company’s stock valued at $217,000 after acquiring an additional 3,780 shares during the last quarter. American Century Companies Inc. acquired a new stake in Noble Midstream Partners in the 4th quarter valued at about $248,000. EJF Capital LLC acquired a new stake in Noble Midstream Partners in the 4th quarter valued at about $260,000. Finally, Ballentine Partners LLC acquired a new stake in Noble Midstream Partners in the 4th quarter valued at about $288,000. 56.18% of the stock is currently owned by hedge funds and other institutional investors.
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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