Noble Midstream Partners LP (NBLX) Earns Buy Rating from Analysts at Mizuho
Analysts at Mizuho initiated coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a report released on Monday. The firm set a “buy” rating and a $33.00 price target on the stock. Mizuho’s target price suggests a potential upside of 19.09% from the company’s current price.
Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 27.71 on Monday. Noble Midstream Partners has a 52 week low of $26.00 and a 52 week high of $28.35. The firm has a 50-day moving average of $27.17 and a 200 day moving average of $27.17.
In related news, insider Thomas W. Christensen acquired 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $33,750.00. Following the acquisition, the insider now owns 1,500 shares in the company, valued at approximately $33,750. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John C. Nicholson acquired 2,700 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average price of $22.50 per share, for a total transaction of $60,750.00. Following the completion of the acquisition, the chief operating officer now owns 2,700 shares in the company, valued at approximately $60,750. The disclosure for this purchase can be found here.
About Noble Midstream Partners
Noble Midstream Partners LP owns, operates, develop, and acquires a range of domestic midstream infrastructure assets. The Company provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc The Company’s operating assets are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado.
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