Shares of Noble Midstream Partners LP (NASDAQ:NBLX) have received an average rating of “Buy” from the eleven brokerages that are currently covering the stock. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.35.

Several equities research analysts recently weighed in on NBLX shares. Mizuho started coverage on Noble Midstream Partners in a research report on Monday, October 10th. They set a “buy” rating and a $33.00 price target on the stock. Bank of America Corp. reissued a “buy” rating and issued a $32.00 target price on shares of Noble Midstream Partners in a report on Wednesday, October 12th. Mitsubishi UFJ Financial Group assumed coverage on Noble Midstream Partners in a report on Monday, October 10th. They issued a “buy” rating and a $32.00 target price on the stock. Citigroup Inc. assumed coverage on Noble Midstream Partners in a report on Monday, October 10th. They issued a “buy” rating and a $33.50 target price on the stock. Finally, Deutsche Bank AG assumed coverage on Noble Midstream Partners in a report on Monday, October 10th. They issued a “hold” rating and a $29.00 target price on the stock.

Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 32.36 on Monday. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 48.59. Noble Midstream Partners has a one year low of $26.00 and a one year high of $32.74. The company has a 50-day moving average price of $29.17 and a 200 day moving average price of $28.77.

Noble Midstream Partners (NASDAQ:NBLX) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.33. The company earned $48.20 million during the quarter, compared to the consensus estimate of $32.63 million. Equities research analysts expect that Noble Midstream Partners will post $1.14 earnings per share for the current year.

In other news, insider Thomas W. Christensen acquired 1,500 shares of Noble Midstream Partners stock in a transaction that occurred on Tuesday, September 20th. The stock was bought 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 owns 1,500 shares in the company, valued at $33,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John F. Iv Bookout acquired 7,000 shares of Noble Midstream Partners stock in a transaction that occurred on Tuesday, September 20th. The shares were purchased at an average price of $22.50 per share, with a total value of $157,500.00. Following the transaction, the chief financial officer now owns 7,000 shares of the company’s stock, valued at approximately $157,500. The disclosure for this purchase can be found here.

Hedge funds have recently bought and sold shares of the stock. TPH Asset Management LLC purchased a new stake in Noble Midstream Partners during the third quarter worth approximately $2,496,000. AMP Capital Investors Ltd purchased a new stake in Noble Midstream Partners during the third quarter worth approximately $473,000. Morgan Stanley purchased a new stake in Noble Midstream Partners during the third quarter worth approximately $47,996,000. OZ Management LP purchased a new stake in Noble Midstream Partners during the third quarter worth approximately $13,531,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Noble Midstream Partners during the third quarter worth approximately $2,826,000.

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.

5 Day Chart for NASDAQ:NBLX

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