Noble Midstream Partners LP (NBLX) Given a $53.00 Price Target by Mizuho Analysts
Noble Midstream Partners LP (NYSE:NBLX) has been assigned a $53.00 price objective by Mizuho in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the energy company’s stock. Mizuho’s price objective suggests a potential upside of 2.20% from the stock’s current price.
Several other brokerages also recently commented on NBLX. BidaskClub upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. ValuEngine upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Zacks Investment Research downgraded Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Scotiabank set a $50.00 price target on Noble Midstream Partners and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $57.00 price target on shares of Noble Midstream Partners in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $52.50.
Noble Midstream Partners (NYSE NBLX) traded up 0.29% during midday trading on Tuesday, reaching $52.01. 38,197 shares of the company were exchanged. The firm’s 50-day moving average price is $50.82 and its 200 day moving average price is $47.38. Noble Midstream Partners has a 52-week low of $28.90 and a 52-week high of $56.33. The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 29.42.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.10. Noble Midstream Partners had a return on equity of 37.06% and a net margin of 55.83%. The firm had revenue of $63.11 million for the quarter, compared to the consensus estimate of $60.29 million. Equities analysts predict that Noble Midstream Partners will post $3.86 earnings per share for the current year.
In other Noble Midstream Partners news, insider Thomas W. Christensen sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $54.00, for a total transaction of $81,000.00. Following the transaction, the insider now owns 2,868 shares in the company, valued at $154,872. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Institutional investors and hedge funds have recently bought and sold shares of the company. Global X Management Co. LLC bought a new stake in shares of Noble Midstream Partners in the second quarter valued at approximately $198,000. Northern Trust Corp bought a new stake in shares of Noble Midstream Partners in the second quarter valued at approximately $213,000. JPMorgan Chase & Co. boosted its position in shares of Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock valued at $215,000 after acquiring an additional 125 shares during the period. Diversified Trust Co boosted its position in shares of Noble Midstream Partners by 1.7% in the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock valued at $246,000 after acquiring an additional 88 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Noble Midstream Partners in the second quarter valued at approximately $283,000. 84.10% of the stock is owned by institutional investors.
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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