Noble Midstream Partners LP (NYSE:NBLX) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Scotiabank set a $50.00 target price on Noble Midstream Partners and gave the company a “buy” rating in a research report on Thursday, June 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $57.00 target price on shares of Noble Midstream Partners in a research report on Thursday. Finally, Mizuho lowered Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.09.

Shares of Noble Midstream Partners (NBLX) opened at 48.51 on Friday. Noble Midstream Partners has a 12-month low of $26.00 and a 12-month high of $53.29. The firm has a market cap of $1.74 billion and a PE ratio of 27.44. The firm’s 50-day moving average is $44.88 and its 200-day moving average is $47.12.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of NBLX. FMR LLC increased its position in shares of Noble Midstream Partners by 58.0% in the second quarter. FMR LLC now owns 2,162,276 shares of the energy company’s stock worth $95,648,000 after buying an additional 794,168 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of Noble Midstream Partners by 34.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,945,365 shares of the energy company’s stock worth $130,760,000 after buying an additional 754,345 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Noble Midstream Partners by 41.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,875,518 shares of the energy company’s stock worth $82,281,000 after buying an additional 553,618 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Noble Midstream Partners by 6,624.8% in the second quarter. JPMorgan Chase & Co. now owns 277,668 shares of the energy company’s stock worth $12,606,000 after buying an additional 273,539 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. increased its position in shares of Noble Midstream Partners by 23.3% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,047,375 shares of the energy company’s stock worth $47,551,000 after buying an additional 197,675 shares during the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.

About Noble Midstream Partners

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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