Noble Midstream Partners LP (NASDAQ:NBLX)‘s stock had its “outperform” rating reiterated by equities researchers at Scotiabank in a note issued to investors on Thursday. They presently have a $38.00 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 30.72% from the company’s previous close.

Several other brokerages have also recently weighed in on NBLX. Robert W. Baird started coverage on Noble Midstream Partners in a report on Monday. They issued an “outperform” rating and a $39.00 price objective for the company. Deutsche Bank AG initiated coverage on shares of Noble Midstream Partners in a research note on Monday. They issued a “hold” rating and a $29.00 target price for the company. Howard Weil initiated coverage on shares of Noble Midstream Partners in a research note on Tuesday. They issued a “sector outperform” rating and a $38.00 target price for the company. Mitsubishi UFJ Financial Group initiated coverage on shares of Noble Midstream Partners in a research note on Monday. They issued a “buy” rating and a $32.00 target price for the company. Finally, Barclays PLC initiated coverage on shares of Noble Midstream Partners in a research note on Monday. They issued an “overweight” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Noble Midstream Partners presently has an average rating of “Buy” and an average price target of $34.35.

Analyst Recommendations for Noble Midstream Partners (NASDAQ:NBLX)

Noble Midstream Partners (NASDAQ:NBLX) traded down 2.13% during midday trading on Thursday, hitting $28.45. The stock had a trading volume of 38,774 shares. Noble Midstream Partners has a 1-year low of $26.00 and a 1-year high of $29.72. The company’s 50 day moving average is $27.39 and its 200 day moving average is $27.39.

In related news, insider Thomas W. Christensen acquired 1,500 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was purchased at an average cost of $22.50 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the insider now directly owns 1,500 shares of the company’s stock, valued at approximately $33,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Terry R. Gerhart acquired 15,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average price of $22.50 per share, with a total value of $337,500.00. Following the completion of the transaction, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $337,500. 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.

5 Day Chart for NASDAQ:NBLX

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