Noble Midstream Partners (NYSE:NBLX) had its price target trimmed by Credit Suisse Group from $40.00 to $31.00 in a research note released on Friday, The Fly reports. The brokerage currently has an outperform rating on the energy company’s stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird lowered their target price on shares of Noble Midstream Partners from $39.00 to $29.00 and set a neutral rating on the stock in a research note on Thursday, August 29th. Zacks Investment Research raised shares of Noble Midstream Partners from a hold rating to a buy rating and set a $27.00 target price on the stock in a research note on Wednesday, October 16th. Bank of America lowered their target price on shares of Noble Midstream Partners from $42.00 to $35.00 and set a buy rating on the stock in a research note on Tuesday, September 10th. ValuEngine lowered shares of Noble Midstream Partners from a hold rating to a sell rating in a research note on Friday, November 1st. Finally, Noble Financial initiated coverage on shares of Noble Midstream Partners in a research note on Tuesday, September 3rd. They set a sector perform rating and a $29.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Noble Midstream Partners presently has an average rating of Hold and a consensus price target of $35.58.

NYSE:NBLX traded down $0.02 during mid-day trading on Friday, hitting $21.75. The company’s stock had a trading volume of 47,582 shares, compared to its average volume of 286,769. Noble Midstream Partners has a 1 year low of $21.09 and a 1 year high of $40.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $864.02 million, a price-to-earnings ratio of 5.49, a PEG ratio of 0.46 and a beta of 1.42. The business’s fifty day moving average is $23.79 and its two-hundred day moving average is $28.16.

Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). Noble Midstream Partners had a net margin of 26.19% and a return on equity of 11.62%. The business had revenue of $169.32 million during the quarter, compared to analysts’ expectations of $170.05 million. Analysts anticipate that Noble Midstream Partners will post 3.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 11th. Stockholders of record on Monday, November 4th were paid a dividend of $0.6716 per share. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.64. This represents a $2.69 annualized dividend and a dividend yield of 12.35%. The ex-dividend date was Friday, November 1st. Noble Midstream Partners’s dividend payout ratio is presently 67.93%.

Hedge funds have recently bought and sold shares of the company. Northern Oak Wealth Management Inc. purchased a new position in Noble Midstream Partners in the 2nd quarter valued at about $26,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Noble Midstream Partners by 200.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 900 shares of the energy company’s stock valued at $30,000 after buying an additional 600 shares in the last quarter. Cutler Group LP lifted its stake in Noble Midstream Partners by 100.0% in the 3rd quarter. Cutler Group LP now owns 1,800 shares of the energy company’s stock valued at $43,000 after buying an additional 900 shares in the last quarter. Signaturefd LLC lifted its stake in Noble Midstream Partners by 80.6% in the 2nd quarter. Signaturefd LLC now owns 2,800 shares of the energy company’s stock valued at $93,000 after buying an additional 1,250 shares in the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new position in Noble Midstream Partners in the 2nd quarter valued at about $176,000. 56.13% of the stock is currently owned by institutional investors and hedge funds.

About Noble Midstream Partners

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.

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The Fly

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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