Noble Midstream Partners LP (NYSE:NBLX) insider Thomas W. Christensen sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $54.00, for a total transaction of $81,000.00. Following the transaction, the insider now owns 2,868 shares of the company’s stock, valued at $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Noble Midstream Partners LP (NYSE:NBLX) opened at 51.87 on Friday. The firm has a 50 day moving average of $48.61 and a 200-day moving average of $48.61. Noble Midstream Partners LP has a 12 month low of $26.51 and a 12 month high of $53.50. The firm has a market cap of $1.86 billion and a P/E ratio of 29.34.

Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings data 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. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. The company had revenue of $57.78 million for the quarter, compared to the consensus estimate of $45.20 million. On average, equities research analysts forecast that Noble Midstream Partners LP will post $3.87 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its stake in shares of Noble Midstream Partners by 20.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,459 shares of the energy company’s stock worth $9,328,000 after acquiring an additional 34,948 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Noble Midstream Partners by 111.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,500 shares of the energy company’s stock worth $1,294,000 after acquiring an additional 15,000 shares during the period. NBW Capital LLC lifted its stake in shares of Noble Midstream Partners by 0.3% in the 2nd quarter. NBW Capital LLC now owns 277,378 shares of the energy company’s stock worth $12,593,000 after acquiring an additional 788 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Noble Midstream Partners in the 2nd quarter worth $323,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Noble Midstream Partners in the 2nd quarter worth $283,000. Institutional investors own 83.69% of the company’s stock.

NBLX has been the subject of a number of research reports. BidaskClub upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Scotiabank set a $50.00 target price on shares of Noble Midstream Partners and gave the company a “buy” rating in a research report on Thursday, August 3rd. Mizuho downgraded shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Monday, July 10th. Robert W. Baird restated a “buy” rating and set a $57.00 target price on shares of Noble Midstream Partners in a research report on Thursday, August 31st. Finally, Zacks Investment Research downgraded shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Noble Midstream Partners has an average rating of “Buy” and an average price target of $45.09.

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).

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