Robert W. Baird reaffirmed their buy rating on shares of Noble Midstream Partners LP (NYSE:NBLX) in a report released on Thursday. Robert W. Baird currently has a $57.00 price objective on the energy company’s stock.

NBLX has been the topic of several other reports. Scotiabank set a $50.00 target price on shares of Noble Midstream Partners and gave the stock a buy rating in a research note on Thursday, August 3rd. Mizuho lowered shares of Noble Midstream Partners from a buy rating to a neutral rating and set a $51.00 target price on the stock. in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Noble Midstream Partners from a hold rating to a sell rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Noble Midstream Partners presently has a consensus rating of Buy and an average target price of $45.09.

Shares of Noble Midstream Partners (NBLX) traded up 0.89% during midday trading on Thursday, hitting $48.60. 45,774 shares of the company were exchanged. Noble Midstream Partners has a one year low of $26.00 and a one year high of $53.29. The firm has a market capitalization of $1.75 billion and a price-to-earnings ratio of 27.49. The firm’s 50 day moving average price is $44.78 and its 200 day moving average price is $47.11.

Noble Midstream Partners (NYSE:NBLX) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.23. The business had revenue of $57.78 million for the quarter, compared to analyst estimates of $45.20 million. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. Analysts forecast that Noble Midstream Partners will post $3.76 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a $0.4457 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.78 annualized dividend and a dividend yield of 3.70%. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.41. Noble Midstream Partners’s dividend payout ratio is currently 67.17%.

Hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in shares of Noble Midstream Partners by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,179 shares of the energy company’s stock valued at $462,000 after buying an additional 26 shares in the last quarter. Diversified Trust Co increased its stake in shares of Noble Midstream Partners by 1.7% in the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock valued at $246,000 after buying an additional 88 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock valued at $215,000 after buying an additional 125 shares in the last quarter. NBW Capital LLC increased its stake in shares of Noble Midstream Partners by 0.3% in the second quarter. NBW Capital LLC now owns 277,378 shares of the energy company’s stock valued at $12,593,000 after buying an additional 788 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Noble Midstream Partners by 12.4% in the second quarter. Wells Fargo & Company MN now owns 10,459 shares of the energy company’s stock valued at $475,000 after buying an additional 1,152 shares in the last quarter. Institutional investors own 84.14% of the company’s stock.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Company’s areas of focus are in the area of Denver-Julesburg (DJ) Basin in Colorado and the Southern Delaware Basin position of the Permian Basin in Texas (Delaware Basin).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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