Noble Midstream Partners (NYSE:NBLX) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Monday.
Several other equities research analysts have also weighed in on NBLX. ValuEngine lowered Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Robert W. Baird set a $62.00 target price on Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research lowered Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Credit Suisse Group started coverage on Noble Midstream Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $61.00 target price for the company. Finally, Barclays reduced their target price on Noble Midstream Partners from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $58.43.
Shares of Noble Midstream Partners stock opened at $45.02 on Monday. The stock has a market capitalization of $1,849.74, a PE ratio of 11.09 and a beta of 1.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.75 and a current ratio of 0.75. Noble Midstream Partners has a 1-year low of $41.90 and a 1-year high of $57.98.
Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings results on Tuesday, February 20th. The energy company reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). The firm had revenue of $68.07 million for the quarter, compared to analyst estimates of $65.03 million. Noble Midstream Partners had a net margin of 58.40% and a return on equity of 34.74%. sell-side analysts anticipate that Noble Midstream Partners will post 4.64 earnings per share for the current year.
In other Noble Midstream Partners news, Director Andy Viens purchased 2,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $51.15 per share, for a total transaction of $102,300.00. Following the completion of the acquisition, the director now directly owns 6,741 shares in the company, valued at $344,802.15. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Several hedge funds have recently modified their holdings of NBLX. First Dallas Securities Inc. acquired a new position in shares of Noble Midstream Partners during the fourth quarter worth approximately $135,000. Edge Advisors LLC acquired a new position in shares of Noble Midstream Partners during the third quarter worth approximately $204,000. Taurus Asset Management LLC acquired a new position in shares of Noble Midstream Partners during the third quarter worth approximately $207,000. Northern Trust Corp acquired a new position in shares of Noble Midstream Partners during the second quarter worth approximately $213,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Noble Midstream Partners during the third quarter worth approximately $301,000. Institutional investors own 89.06% of the company’s stock.
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About Noble Midstream Partners
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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