Noble Midstream Partners LP (NASDAQ:NBLX) Director Martin Salinas bought 7,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was bought at an average price of $30.01 per share, for a total transaction of $210,070.00. Following the completion of the purchase, the director now directly owns 10,934 shares of the company’s stock, valued at approximately $328,129.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Noble Midstream Partners LP (NASDAQ:NBLX) opened at 29.61 on Monday. Noble Midstream Partners LP has a 12 month low of $26.00 and a 12 month high of $31.30. The firm has a 50-day moving average of $29.17 and a 200 day moving average of $28.77. The company has a market capitalization of $941.75 million and a PE ratio of 44.46.

Noble Midstream Partners (NASDAQ:NBLX) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.33. The firm earned $48.20 million during the quarter, compared to analyst estimates of $32.63 million. On average, equities research analysts expect that Noble Midstream Partners LP will post $1.24 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the company. Wells Fargo & Co. assumed coverage on Noble Midstream Partners in a research note on Monday, October 31st. They issued an “outperform” rating on the stock. Scotiabank reiterated an “outperform” rating and issued a $38.00 target price on shares of Noble Midstream Partners in a research note on Thursday, October 13th. Bank of America Corp. restated a “buy” rating and set a $32.00 price objective on shares of Noble Midstream Partners in a research note on Wednesday, October 12th. Mitsubishi UFJ Financial Group initiated coverage on shares of Noble Midstream Partners in a research note on Monday, October 10th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Howard Weil initiated coverage on shares of Noble Midstream Partners in a research note on Tuesday, October 11th. They set a “sector outperform” rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Noble Midstream Partners currently has an average rating of “Buy” and a consensus price target of $34.35.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Noble Midstream Partners during the third quarter worth about $558,000. HITE Hedge Asset Management LLC purchased a new stake in Noble Midstream Partners during the third quarter worth about $13,416,000. Kornitzer Capital Management Inc. KS purchased a new stake in Noble Midstream Partners during the third quarter worth about $488,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Noble Midstream Partners during the third quarter worth about $275,000. Finally, Jennison Associates LLC purchased a new stake in Noble Midstream Partners during the third quarter worth about $8,432,000.

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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