Noble Midstream Partners LP (NBLX) Research Coverage Started at Robert W. Baird
Analysts at Robert W. Baird assumed coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a note issued to investors on Monday. The firm set an “outperform” rating and a $39.00 price target on the stock. Robert W. Baird’s price objective suggests a potential upside of 40.74% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Mizuho began coverage on shares of Noble Midstream Partners in a research report on Monday. They issued a “buy” rating and a $33.00 price objective for the company. Barclays PLC initiated coverage on shares of Noble Midstream Partners in a research note on Monday. They set an “overweight” rating for the company.
Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 27.71 on Monday. The firm has a 50-day moving average of $27.17 and a 200 day moving average of $27.17. Noble Midstream Partners has a 52 week low of $26.00 and a 52 week high of $28.35.
In other Noble Midstream Partners news, Director Gary W. Willingham acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average price of $22.50 per share, with a total value of $225,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $225,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John C. Nicholson acquired 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average cost of $22.50 per share, with a total value of $60,750.00. Following the purchase, 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.
Noble Midstream Partners Company Profile
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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