Noble Midstream Partners’ (NASDAQ:NBLX) quiet period is set to expire on Tuesday, October 25th. Noble Midstream Partners had issued 12,500,000 shares in its IPO on September 15th. The total size of the offering was $281,250,000 based on an initial share price of $22.50. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several equities analysts have recently commented on NBLX shares. Bank of America Corp. reiterated a “buy” rating and set a $32.00 price objective on shares of Noble Midstream Partners in a research report on Wednesday, October 12th. Mitsubishi UFJ Financial Group started coverage on Noble Midstream Partners in a research report on Monday, October 10th. They set a “buy” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Noble Midstream Partners in a research report on Monday, October 10th. They set an “overweight” rating and a $34.00 price objective on the stock. Barclays PLC initiated coverage on Noble Midstream Partners in a research report on Monday, October 10th. They set an “overweight” rating and a $35.00 price objective on the stock. Finally, Citigroup Inc. initiated coverage on Noble Midstream Partners in a report on Monday, October 10th. They set a “buy” rating and a $33.50 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Noble Midstream Partners presently has a consensus rating of “Buy” and an average target price of $34.35.

Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 30.50 on Tuesday. Noble Midstream Partners has a 12-month low of $26.00 and a 12-month high of $30.82. The firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $27.67.

In other Noble Midstream Partners news, CEO Terry R. Gerhart acquired 15,000 shares of the stock in a transaction dated Tuesday, September 20th. The shares were acquired at an average cost of $22.50 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas W. Christensen acquired 1,500 shares of the stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price 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 $33,750. 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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