Noble Midstream Partners (NYSE:NBLX) had its price objective lifted by Piper Sandler from $7.00 to $9.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. They currently have a neutral rating on the energy company’s stock. Piper Sandler also issued estimates for Noble Midstream Partners’ Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.45 EPS, FY2020 earnings at $2.59 EPS, Q1 2021 earnings at $0.45 EPS, Q2 2021 earnings at $0.45 EPS, Q3 2021 earnings at $0.47 EPS, Q4 2021 earnings at $0.47 EPS and FY2021 earnings at $1.84 EPS.

Several other research firms have also commented on NBLX. Credit Suisse Group reduced their price target on shares of Noble Midstream Partners from $25.00 to $6.00 and set a neutral rating for the company in a research report on Tuesday, March 17th. Zacks Investment Research downgraded Noble Midstream Partners from a buy rating to a hold rating in a research note on Friday, June 19th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $22.80.

Shares of NYSE NBLX traded down $0.10 during midday trading on Tuesday, hitting $8.00. 723,688 shares of the company’s stock traded hands, compared to its average volume of 840,841. Noble Midstream Partners has a 1 year low of $1.81 and a 1 year high of $34.50. The stock has a market capitalization of $722.98 million, a price-to-earnings ratio of 2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a fifty day moving average of $9.15 and a 200 day moving average of $13.59.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings results on Friday, May 8th. The energy company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.76. Noble Midstream Partners had a net margin of 26.19% and a return on equity of 11.62%. The firm had revenue of $224.05 million during the quarter, compared to analyst estimates of $204.90 million. On average, equities analysts anticipate that Noble Midstream Partners will post 3.13 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Mackay Shields LLC bought a new stake in Noble Midstream Partners during the fourth quarter valued at about $383,000. Clearbridge Investments LLC boosted its holdings in Noble Midstream Partners by 67.9% in the first quarter. Clearbridge Investments LLC now owns 1,642,597 shares of the energy company’s stock worth $5,749,000 after acquiring an additional 663,987 shares in the last quarter. Citigroup Inc. boosted its holdings in Noble Midstream Partners by 312.6% in the first quarter. Citigroup Inc. now owns 221,700 shares of the energy company’s stock worth $776,000 after acquiring an additional 167,973 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Noble Midstream Partners by 793.5% in the first quarter. JPMorgan Chase & Co. now owns 993,884 shares of the energy company’s stock worth $3,479,000 after acquiring an additional 882,653 shares in the last quarter. Finally, FMR LLC boosted its holdings in Noble Midstream Partners by 113.1% in the fourth quarter. FMR LLC now owns 2,101,821 shares of the energy company’s stock worth $54,227,000 after acquiring an additional 1,115,518 shares in the last quarter. Institutional investors and hedge funds own 53.02% of the company’s stock.

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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Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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