Noble Midstream Partners (NYSE:NBLX) had its price target reduced by stock analysts at Barclays from $64.00 to $59.00 in a note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the energy company’s stock. Barclays’ target price would indicate a potential upside of 32.35% from the company’s current price.

Several other research firms have also commented on NBLX. Citigroup boosted their price objective on shares of Noble Midstream Partners from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. ValuEngine lowered shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 16th. Finally, Robert W. Baird set a $59.00 price objective on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Noble Midstream Partners currently has an average rating of “Buy” and an average target price of $59.00.

NYSE NBLX opened at $44.58 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.48 and a quick ratio of 0.45. The company has a market cap of $1.78 billion, a P/E ratio of 10.51 and a beta of 1.92. Noble Midstream Partners has a 52 week low of $41.99 and a 52 week high of $57.98.

Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings data on Friday, August 3rd. The energy company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $121.97 million during the quarter, compared to analyst estimates of $114.90 million. Noble Midstream Partners had a net margin of 45.55% and a return on equity of 21.14%. research analysts forecast that Noble Midstream Partners will post 3.99 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. increased its stake in Noble Midstream Partners by 2.6% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 2,225,122 shares of the energy company’s stock valued at $113,615,000 after purchasing an additional 57,165 shares in the last quarter. Perella Weinberg Partners Capital Management LP increased its stake in Noble Midstream Partners by 51.7% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 803,065 shares of the energy company’s stock valued at $41,004,000 after purchasing an additional 273,727 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Noble Midstream Partners during the 2nd quarter valued at approximately $37,714,000. Morgan Stanley increased its stake in Noble Midstream Partners by 24.9% during the 2nd quarter. Morgan Stanley now owns 707,259 shares of the energy company’s stock valued at $36,112,000 after purchasing an additional 141,108 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Noble Midstream Partners by 17.2% during the 1st quarter. JPMorgan Chase & Co. now owns 527,932 shares of the energy company’s stock valued at $24,618,000 after purchasing an additional 77,306 shares in the last quarter. Institutional investors and hedge funds own 56.43% of the company’s stock.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

Read More: Average Daily Trade Volume Explained

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

Receive News & Ratings for Noble Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.