Noble Midstream Partners LP (NYSE:NBLX) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $45.00.

NBLX has been the subject of a number of research analyst reports. BidaskClub raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. ValuEngine raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, June 22nd. 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. Finally, Mizuho lowered shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, July 10th.

Noble Midstream Partners (NBLX) opened at 51.29 on Friday. The stock has a market capitalization of $1.84 billion and a PE ratio of 29.01. Noble Midstream Partners has a one year low of $28.00 and a one year high of $56.33. The firm has a 50-day moving average of $50.83 and a 200-day moving average of $50.83.

Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.23. The company had revenue of $57.78 million during 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%. On average, equities research analysts forecast that Noble Midstream Partners will post $3.87 earnings per share for the current year.

In related news, insider Thomas W. Christensen sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $54.00, for a total value of $81,000.00. Following the sale, the insider now directly owns 2,868 shares in the company, valued at approximately $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have recently added to or reduced their stakes in NBLX. Global X Management Co. LLC acquired a new stake in shares of Noble Midstream Partners during the second quarter valued at approximately $198,000. Northern Trust Corp acquired a new stake in shares of Noble Midstream Partners during the second quarter valued at approximately $213,000. JPMorgan Chase & Co. raised its holdings in shares of Noble Midstream Partners by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock valued at $215,000 after acquiring an additional 125 shares during the period. Diversified Trust Co raised its holdings in shares of Noble Midstream Partners by 1.7% during the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock valued at $246,000 after acquiring an additional 88 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Noble Midstream Partners by 2,540.5% during the first quarter. Tower Research Capital LLC TRC now owns 5,149 shares of the energy company’s stock valued at $268,000 after acquiring an additional 4,954 shares during the period. Institutional investors and hedge funds own 83.91% of the company’s stock.

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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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