Noble Midstream Partners (NYSE:NBLX) PT Raised to $9.00 at Piper Sandler
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.
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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