Noble Midstream Partners (NYSE:NBLX) had its price target lowered by Barclays from $59.00 to $56.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Barclays’ price target would indicate a potential upside of 42.13% from the stock’s previous close.

Several other research firms have also issued reports on NBLX. Citigroup increased their target price on shares of Noble Midstream Partners from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. ValuEngine lowered shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 16th. Robert W. Baird set a $59.00 target price on shares of Noble Midstream Partners and gave the stock a “buy” rating in a report on Friday, August 10th. Credit Suisse Group assumed coverage on shares of Noble Midstream Partners in a report on Thursday. They issued an “outperform” rating and a $47.00 target price for the company. Finally, Bank of America reduced 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 report on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.50.

Shares of NYSE:NBLX opened at $39.40 on Friday. Noble Midstream Partners has a twelve month low of $33.51 and a twelve month high of $57.98. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.40 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.57 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $121.97 million for the quarter, compared to analysts’ expectations of $114.90 million. As a group, analysts expect that Noble Midstream Partners will post 3.99 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Baldwin Brothers Inc. MA purchased a new stake in Noble Midstream Partners in the 2nd quarter worth approximately $105,000. Tower Research Capital LLC TRC purchased a new stake in Noble Midstream Partners during the 2nd quarter valued at approximately $159,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Noble Midstream Partners during the 2nd quarter valued at approximately $204,000. Summit Trail Advisors LLC purchased a new stake in Noble Midstream Partners during the 2nd quarter valued at approximately $211,000. Finally, Bank of New York Mellon Corp grew its holdings in Noble Midstream Partners by 31.2% during 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 buying an additional 1,462 shares in the last quarter. 56.43% of the stock is owned by institutional investors.

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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Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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